Dalton adds sterling hedged share class to Japan fund

Dalton Strategic Partnership has introduced a sterling hedged share class to the Melchior Japan Advantage fund on an uncertain outlook for the yen.

Richard Jones, partner at DSP, says the prospects for the yen are questionable and this has increased investor appetite for a sterling hedged share class on the portfolio. Jones says many sterling investors prefer to buy Japanese equities without being exposed to the Japanese currency, and the group is looking to take advantage of this activity in the market. There may be a change in sentiment towards Japanese equities this year after years of prolonged underperformance compared to other stock markets, he adds. "Japanese equities have underperformed world equities for five consecut...