Henderson Japanese Smaller Companies investment trust is to move to a more growth-oriented investmen...
Henderson Japanese Smaller Companies investment trust is to move to a more growth-oriented investment style, writes James Thorneley. The change follows the decision to manage the trust out of the group's Tokyo offices. Yuji Tsukagoshi has taken over running the portfolio from London-based head of Japan equities William Garnett. The group felt it was now essential to manage the trust from a local base due to the large number of IPOs in Japan. Merrill Lynch's investment trust team thinks Tsukagoshi will start to invest in companies which are not yet making profits. At the moment the chie...
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