fund focuses on IT and mobile phone sector
The Martin Currie GF ' Japan fund is running with a mid-cap bias as the managers feel the companies tend to be better run. The fund, which now has more than US$70m in assets under management, focuses on companies that embrace the new, including IT, mobile phones, and firms that are restructuring. Large-cap companies in Japan are typified by old style conglomerates with many divisions. Many are badly run with a lack of focus on competitive advantage, according to Kevin Troup, assistant director on the group's Japan team. Mid-cap companies are more focused and margins tend to be higher,...
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