Shiozumi calls end to Japanese small-cap woes

Legg Mason manager Hideo Shiozumi claims his Japan Equity fund is off the ropes after a recent perfo...

Legg Mason manager Hideo Shiozumi claims his Japan Equity fund is off the ropes after a recent performance boost. His £102m portfolio has jumped from the bottom to the top of his sector over the last three months. “The macroeconomic environment is finally starting to become more supportive of our investment strategy and the era of negativity towards small-cap stocks seems to have come to an end,” he added. He cites various factors that have catalysed a positive trend, which will probably prevail for the next 12 months. These include strong smaller companies earnings results and the ...