Chatfeild-Roberts: Value investors should be in Japan

Pockets of opportunity in Far East

There is enormous value in Japan, according to Jupiter's John Chatfeild-Roberts, as there is the potential for companies to "hugely increase" their dividend payouts.

The head of strategy and founder of the Independent Funds team said Japan is the cheapest market in the world "by a significant margin". Chatfeild-Roberts and the Merlin team, which runs the six-strong multi-manager range, is mostly exposed to Japan through the small- and mid-cap boutique manager Morant Wright. The 'icing on the cake' in Japan The £1.8bn Jupiter Merlin Balanced Portfolio holds a 4.6% position in the Morant Wright Nippon Yield fund, while the £518m Jupiter Merlin Worldwide Portfolio invests in Dan Carter's Jupiter Japan Select as well as Morant Wright Nippon Yield, ...