Joe Bauernfreund, manager of the £826m British Empire trust, has been increasing his exposure to Japan in recent months to take advantage of value opportunities as various industries continue to reform under Abenomics.
The trust's portfolio is split into three 'buckets' consisting of family-controlled holding companies, closed-ended funds and special situations, with Japan currently the headline story in the latter portion, representing 17% of the portfolio as at 31 July. Ruffer duo: The 'magical combination' that will boost Japan Bauernfreund said: "There are always opportunities that are overlooked. Our strategy focuses on discounts, so we seek out value opportunities and try to buy these companies when they are cheapest and most out of favour. "When that value starts being recognised we rotate...
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