Jupiter to launch Japan fund

The fund, managed by Simon Somerville, will focus on Japan but will have the flexibility to invest up to 20% in other Asian countries such as Hong Kong, South Korea, Taiwan, Singapore and Malaysia. Somerville says he will hold around 90% of the positions already held in Japan Income, with a smaller and mid-cap bias. He will employ a growth at a reasonable price (Garp) strategy, with between 40 and 55 positions. Though the fund also has the flexibility to invest in government bonds, the manager does not expect this will be taken up actively. Japan Select is one of eight sub-funds of t...