Insight on some of the key themes in the portfolio and companies we own, including a few new holdings that were added recently.
The First State Japan Equity Fund recently marked its one-year anniversary in February 2016. Over the course of the year, we continued to expand our research coverage, visiting over 300 companies and carrying out in-depth analysis to identify attractive investment opportunities.
In the second of our Japan equities updates, we provide further insight on some of the key themes in the portfolio: ongoing industry consolidation; the rise of the Chinese consumer; and corporate restructuring to improve shareholder returns. This includes an update on some of the companies we own and a few new holdings that we added. We also review the performance of the fund and identify the main contributors to performance over the period.
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