Premier Enterprise raises Japan large cap exposure

By James Thorneley Premier Enterprise unit trust has increased its exposure to Japanese large cap investment trusts. The £16.76m fund only invests in investment trusts and has 37 in its portfolio Peter Metcalfe, investment adviser on the fund, has reduced the fund's exposure to JF Fledgling Japan. He said: "The growth in Japanese small companies caused the stock to grow from a position of 4.4% in early July to between 6-7% in August "I decided to sell off part of my holding and use the money to increase the fund's weighting in Japanese large cap stocks, principally Fleming Japan. Once th...