Posted inTop Trumps

Top Trumps: Japan equities – 5 September 2024

This week FSA provides a quick comparison of two Japan equities funds: the FSSA Japan Equity fund and the T Rowe Price Japanese Equity fund.
Source: FE Fundinfo. All relevant fund data converted to US dollars for comparative purposes. Performance, alpha and volatility are annualised over three years with data as reported at the end of last month. Information ratio (IR) aims to measure a portfolio manager’s consistent ability to generate excess returns relative to a benchmark. The higher the IR, the more consistent the manager is.

Based on the popular 80s card game, each week we select an asset class and use FE fundinfo data to compare two funds based on their three-year performance, assets under management, alpha, volatility, ongoing charges and information ratio to decide which is the Top Trump.

This week, the T Rowe Price Japanese Equity fund defeats the FSSA Japan Equity fund 5-1.

FSSA Japan Equity fund

The fund invests at least 70% of its assets in shares of companies based in, or closely associated with, Japan that are listed on exchanges worldwide.

Top 10 holdings:

  1. BayCurrent Consulting (7.9%)
  2. RAKUS Co (7.1%)
  3. SMS Co (6.8%)
  4. GMO Payment Gateway (6.5%)
  5. Yamaichi Electronics Co (5.1%)
  6. T&D Holdings (4.9%)
  7. Ajinomoto Co (4.5%)
  8. Nissan Chemical Corporation (4%)
  9. MS&AD Insurance Group Holdings (3.9%)
  10. Kotobuki Spirits Co (3.5%)

T Rowe Price Japanese Equity fund

The fund is actively managed and invests mainly in a widely diversified portfolio of shares of companies in Japan.

Top 10 holdings:

  1. Itochu (5.6%)
  2. Mitsubishi UFJ Financial (5%)
  3. Sony (4.8%)
  4. Hitachi (3.6%)
  5. Tokio Marine Holdings (3.6%)
  6. Recruit Holdings (3.2%)
  7. Inpex (3.1%)
  8. Toyota Motor (2.8%)
  9. ORIX (2.7%)
  10. Renesas Electronics (2.5%)

Part of the Mark Allen Group.