Aims to produce long term capital growth through investment in small and medium sized Japanese companies. Investment is permitted in Japanese quoted companies other than the largest 200 measured by market capitalization. The company has the ability to use borrowing to gear the portfolio within the range of 5% net cash to 15% geared in normal market conditions.
The value of investments and the income from them can go down and up, and you may not get back as much as you paid in. Past performance is not a guide to the future.
For further risks associated with this trust please refer to the 'Key risks' section below.
Cumulative performance of an original investment of £100.
You should remember that past performance is not a guide to the future.
Source: J.P. Morgan Asset Management. Total return, net of charges and any applicable fees using cum income Net Asset Values (NAVs) debt at par with net dividend (if any) reinvested, in sterling. For detail see the Trust’s latest Report & Accounts.
Shoichi Mizusawa, managing director, is a senior investment manager with the Japan team of Pacific Regional Group in Tokyo. He joined the firm in 1997 as a marketing manager responsible for Japan pension funds and took up his current role in 2000. Prior to joining the firm, Shoichi spent four years with Postipankki as the Tokyo representative in capital markets. He began his career with Mitsubishi Motors Corporation in 1989. Shoichi obtained and a B.A. in political science and economics from Waseda University and an M.B.A. from Simon Fraser University.
Nicholas Weindling, Executive Director, is an investment manager with the Japan team of Pacific Regional Group in Tokyo. He joined the firm in 2006 from Baillie Gifford in Edinburgh where he spent four years, initially as a UK large cap analyst and latterly as a Japanese equities investment manager. Nicholas obtained BA (Hons) in History from Pembroke College, Cambridge.
Naohiro Ozawa, is a research analyst and a Japan smaller company specialist with the Japan team of Pacific Regional Group in Tokyo. He joined the firm (JPMorgan Securities Japan) in 2006 as an analyst and transferred to Asset management to take up his current position in 2008. Naohiro obtained a B.S. in Economics from the London School of Economics and Political Sciences.
Shares and debentures (if any) in an investment trust are not subject to the Financial Conduct Authority's (FCA) restrictions for marketing Non-mainstream Pooled Investment products, therefore investment trust products can be marketed to retails investors directly or via independent financial advisers.
For information on charges relating to this trust please check the Trust factsheet.
On 16th December 2014, JPMorgan Japan Smaller Companies Trust plc issued Subscription Shares to Qualifying Shareholders on the basis of one Subscription Share for every five Ordinary Shares held.
Holders of JPMorgan Japan Smaller Companies Trust plc Subscription Shares can choose to convert their Subscription Shares on the last day of each month commencing in January 2015 and finishing on the last business day in November 2016.
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