Japan Income Investing JSGI – Japanese equity markets gain in March

Japan income fund, JPMorgan Japan Small Cap Growth & Income plc (LON:JSGI) published their ‘month in review’ for March 2021. 

The Manager, Eiji Saito, commented:

“Japanese equity markets registered further gains in March 2021. Japanese stocks rose as expectations heightened for more widespread vaccinations leading to the relaxation of lockdowns and US stimulus policies.

The portfolio slightly underperformed the benchmark. 

Over the month, low-growth value stocks continued to outperform at the expense of growth quality stocks, which was a headwind to our strategy.

Over the month, our overweight positions in Benefit One (fringe benefit provider), Atrae (job site), Mercari (online flea market operator) and RAKSUL (B2B platform builder) detracted value. Our overweight positions in Nittoku (motor coil winding machine maker) and Nohmi Bosai (fire alarm systems), on the other hand, added value as their share prices strongly advanced. We continue to invest in companies that have strong economics with sustainable competitive advantages.

Looking ahead, Eiji noted, corporate earnings are visibly recovering. In Japan, while Covid-19 has continued to weigh on economic activities, and the speed of vaccine roll-out is much slower than some other developed countries, the level of restrictions on business activities remains much milder than in other developed countries due to a significantly lower infection rate.

On the ground in Japan, we see that situation around Covid-19 has been accelerating structural changes that were already taking place, especially in the area of automation and information technologies. The trends provide many interesting investment opportunities for bottom-up investors, who stand to benefit from the structural changes taking place in the country.”

Japan income fund, JPMorgan Japan Small Cap Growth & Income plc (LON:JSGI / JSGI.L), targets Japan income without compromising on Japanese growth opportunities. This Japan fund is an income investing opportunity that gives investors access to a diverse and fast growing sector managed by local managers. The Investment Trust offers a regular quarterly income by paying a higher dividend funded part by capital reserves as well as revenue returns.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
JPMorgan Japan Small Cap Growth & Income

More articles like this

JPMorgan Japan Small Cap Growth & Income

Japan economy grows 0.4% in Q4, avoids recession

Japan’s economy expanded at an annualized clip of 0.4% in October to December from the previous quarter, better than the initial estimate for a 0.4% contraction, government data showed on Monday. The revised figure for gross

JPMorgan Japan Small Cap Growth & Income

Japan ISA investing for tax-free growth and income

Investing in Japan is the hot investment topic with Japan’s equity market Nikkei stock average topping the 40,000 mark for the first time on 4 March 2024. DirectorsTalk caught up with Alexa Henderson, Non-executive chairman of JPMorgan

JPMorgan Japan Small Cap Growth & Income

Japan’s Nikkei hits second consecutive record high

Japan’s Nikkei share average scaled record highs for the second consecutive session, supported by upbeat performances in pharmaceuticals, although profit-taking capped some of those gains. The Nikkei ended 0.35% higher at a new closing high of 39,233.71.

JPMorgan Japan Small Cap Growth & Income

Tokyo stocks rise on weaker Yen and positive jobs data

Tokyo stocks advanced Monday, led by the buying of auto and other export-related issues on a weaker yen against the U.S. dollar after solid U.S. jobs data. The 225-issue Nikkei Stock Average ended up 196.14 points,