The Jupiter Japan Income fund is hoping a pair of well-known brands confounding cynics will help to drive long-term returns, as the managers remained sanguine on the outlook for dividends in the country.
Co-managers Dan Carter and Mitesh Patel told Investment Week perceptions that Sony was "a dead company" that was "relevant 20 years ago" and that Toyota was lacking in battery technology were "fundamentally misplaced" and showed "inefficiencies in the market" that can be exploited. Meanwhile, after a sharp drop in the Japanese stockmarket and a swathe of dividend cuts or deferments across the globe, the pair believe Japanese payouts will "stand up well versus many other major economies", due in part to "conservatism at the top of corporate Japan". Beyond Covid-19: The longer-term tail...
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