Wealth Shortlist update: FSSA Japan Focus
Important notes
This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.
9 September 2024 | 2m read
The FSSA Japan Focus fund was removed from the Wealth Shortlist in May 2024 due to FSSA’s decision to close the fund.
Due to its small size, FSSA no longer deemed the fund to be commercially viable and decided to close the fund towards the end of 2024 subject to approval from the FCA (Financial Conduct Authority).
Since receiving approval from the regulators, FSSA has confirmed they expect to close the fund on 1 November 2024.
Investors can sell the fund prior to this date in the normal way, or remain invested until it closes. While the fund will continue to be managed in line with its objectives, all investments in the fund are expected to be sold by the closure date. Remaining investors at this point will subsequently receive the proceeds of the sale of the investments.
FSSA has also announced that Sophia Li, the fund’s manager, stepped down from managing the fund and left the business at the end of August. The fund will continue to be managed by its current co-manager Martin Lau, and Rizi Mohanty has joined him as co-manager. Mohanty joined FSSA in 2016 and has been a fund manager in Asian companies since 2020. They will continue to manage the fund using the existing investment philosophy and process until it closes.
Scroll across to see the full table.
| Annual performance growth | |||||
|---|---|---|---|---|---|
|
Aug 19 - Aug 20 |
Aug 20 - Aug 21 |
Aug 21 - Aug 22 |
Aug 22 - Aug 23 |
Aug 23 - Aug 24 |
|
| FSSA Japan Focus | 18.55% | 26.13% | -25.14% | -8.75% | 2.30% |
| IA Japan | 1.61% | 18.67% | -5.96% | 5.59% | 14.87% |
Past performance is not a guide to the future. Source: Lipper IM to 31/08/2024.
Important notes
This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.
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