More than a year on from the devastating Tohoku earthquake which struck Japan, investors are continuing to eye Japanese equity funds with caution.
As the country struggled to rebuild following the disaster, the Bank of Japan surprised markets with a move to kick-start the economy through a ¥5trn ($61bn) asset purchase programme. The move helped lift the Nikkei to a one-year high of 10,255 on 27 March, but the index has fallen 11.8% since on fears over the global economic recovery. Chern-Yeh Kwok, manager of the £152m Aberdeen Global Japanese Equities fund, has generated strong returns despite economic weakness. It doubled the sector’s average return of 14.5% to deliver 29.5% over three years, and made 7.1% over one year against...
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