Max Ward backs Japan

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Scottish Mortgage has been increasing exposure to Japan and the Far East and cutting back on its UK ...

Scottish Mortgage has been increasing exposure to Japan and the Far East and cutting back on its UK and European exposure Trust manager Max Ward predicted earnings per share would be lower in the next six months than in the previous corresponding period because of the changes He said: "Earnings of 2.8p for the six months to the end of September are in line with those for the same period last year. However, the combination of a net investment in equities during the period and a switch within the portfolio to lower yielding markets such as Japan and the Far East makes it probable that earni...

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