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JO Hambro to launch Japan dividend fund

JO Hambro to launch Japan dividend fund

Investment boutique JO Hambro Capital Management is set to launch a dividend-focused fund for its Citywire AA-rated Japan equity specialists, the group has announced.

The JOHCM Japan Dividend Growth fund will be Dublin-domiciled and launched at the end of Q1 2014.

Management of the fund will fall to veteran investors Ruth Nash and Scott McGlashan (pictured), who already oversee the JOHCM Japan fund.

The fund is designed to capitalise on Japan’s growing dividend culture and will operate with a large-cap focus. It will invest in a blend of dividend growth and dividend yield.

This large-cap bias differs from the existing fund that Nash and McGlashan run, which has a focus on small- and mid-cap investments.

Commenting on the launch, McGlashan said: ‘The Japanese market has had a huge rally over the past year, but we believe that this is merely the beginning of a multi-year bull market. To date, the rally has been driven almost entirely by foreigners.

‘However, we expect that domestic investors will play a bigger role from now. As domestic involvement increases, interest in dividends will grow.’

The JOHCM Japan B GBP fund has returned 52.8% over the three years to the end of January 2014. This compares with a rise of 43.39% by its Citywire benchmark, the Topix TR, over the same period.

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