Jane bumps up Japan exposure in Darwin multi-asset fund

David Jane has ramped up Japanese equity and REIT exposure in the TM Darwin Multi Asset fund, following the sell-off in May.

The Nikkei reached a high of 15,627on 22 May but then dropped by as much as 13% following a six-day slump, and the Topix index followed a similar pattern. However, both indices have recovered somewhat since then. "We used the sell-off in May to bump up our Japanese exposure," Jane (pictured) said. "If the yen weakens aggressively, it makes sense to be invested in exporters, but when it is stronger and there is inflation, you want to look at retailers." The 9.6% of the fund which is invested in Japan is split 60% in domestic inflation beneficiaries and consumer stocks, and 40% in indus...