View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 28, 2014updated 04 Apr 2017 2:28pm

JO Hambro Capital Management to launch new Japan Dividend Growth fund

JO Hambro Capital Management (JOHCM), an investment management firm, is set to launch a new Dublin-domiciled Japan Dividend Growth Fund at the end of March.

By Verdict Staff

JO Hambro Capital Management (JOHCM), an investment management firm, is set to launch a new Dublin-domiciled Japan Dividend Growth Fund at the end of March.

The fund, which will focus on Japan’s growing dividend culture, will be a large cap, income-focused fund investing in a blend of dividend growth and dividend yield.

The fund will be managed by Japanese equities investors and JOHCM veterans Scott McGlashan and Ruth Nash.

The existing £612 million JOHCM Japan fund, launched in May 2004 with a bias towards small and mid cap companies, is soft-closed to new investors.

Scott McGlashan, senior fund manager, said: "The Japanese market has had a huge rally over the past year, but we believe that this is merely the beginning of a multi-year bull market. As domestic involvement increases, interest in dividends will grow."

Ruth Nash, senior fund manager, said: "A dividend culture is emerging in the Japanese equity market. While pay-out ratios in Japan still lag the global average, this is likely to change as companies attempt to cultivate long-term shareholders by increasing dividends."

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International