Going under the bonnet: Morningstar's five Japan funds to watch

Corporate governance improving

Morningstar's head of UK manager research Jonathan Miller takes a closer look at drivers for the Japanese market and five funds to watch.

The array of approaches found in Japanese equities means there is a real need to go under the bonnet of portfolios in this space to truly understand what performance profile an investor can expect. There are 187 funds available to UK investors, which Morningstar has divided into three distinct categories; large cap, flex cap and of course, small/mid caps. Having identified a significant number of funds that invested across the entire market-cap spectrum (and typically with a significant allocation to smid caps), we introduced the flex cap sector last year. This allows for easier an...