Group offers Japan Oeic fund in yen

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Murray Johnstone is offering a version of its Japan Growth Oeic sub-fund denominated in yen. By hold...

Murray Johnstone is offering a version of its Japan Growth Oeic sub-fund denominated in yen. By holding the base currency of the fund in yen, investors will not be incurring any extra currency risk by investing in a sterling fund which then invests in yen equities. Since the initial issue of shares in February 2000 the fund has attracted ¥1.036bn or £6.48m from investors. The front end charge into the fund 5% and the annual management fee is 1.5%. Graeme Sinclair, manager of Murray Yen Equities, said: "We have seen most interest from European investors wishing to increase exposure to Japa...

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