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.
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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."
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