T. Rowe Price: Tech giants are offering up opportunities for yield
The AI build-out won’t be derailed by higher oil prices as US tech maintains capex plans.
This week, FSA provides a quick comparison of two Japanese small cap equity funds: PineBridge Japan Small Cap Equity and Janus Henderson Horizon Japanese Smaller Companies.


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, Janus Henderson defeats PineBridge 4-2.
The fund invests in a concentrated portfolio of small capitalisation companies, in any industry, in Japan or derive a significant portion of their revenues from Japan. It invests in the smallest 25% of listed Japanese companies by market capitalisation.
Top 10 holdings:
Toyo Gosei
Harmonic Drive Systems
Taikisha
Denka
Koa
Kanto Denka Kogyo
Park 24
GMO Financial
Septeni
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This fund invests in small Japanese companies, i.e. companies incorporated in Japan or companies whose assets, products or operations are in Japan. At least 50% of the fund’s investments will be in stocks with a market capitalisation at the time of acquisition is less than JPY 400 billion.
Top 10 holdings:
Meiko Electronics Co., Ltd.
BuySell Technologies Co., Ltd.
M&A Capital Partners Co., Ltd.
JSB Co., Ltd.
Zenkoku Hosho Co., Ltd.
Maeda Kosen Co., Ltd.
Ain Holdings Inc.
Nissei ASB Machine Co,. Ltd.
Raito Kogyo Co., Ltd.
ULVAC, Inc.
The AI build-out won’t be derailed by higher oil prices as US tech maintains capex plans.
Janus Henderson partners with Percepta to develop AI-native research and client-engagement tools and to roll out Claude across the firm.
This week, FSA provides a quick comparison of two Japanese small cap equity funds: PineBridge Japan Small Cap Equity and Janus Henderson Horizon Japanese Smaller Companies.