Ruffer: The 'intensely interesting' opportunity in Japan

Biggest contributor to trust's performance

The management trio of the Ruffer Investment Company are seeking to exploit the "intensly interesting" opportunities in Japan, as the Nikkei hits a record high following the re-election of Prime Minister Abe.

Managers Steve Russell, Hamish Baillie and Duncan MacInnes have 19% allocated to Japan, up from 16% a year ago. In an investment update, they said Japanese equities positions were the top performers in October, contributing 100bps as the Nikkei hit a 22-year high.  The re-election of Prime Minister Abe last month put him on track to be the longest-serving PM in Japan and sent equities soaring.  "Abe won a super-majority allowing him to proceed with his program of economic reform and perhaps in time embark upon constitutional reform to allow Japan to build an army rather than merely...