Japanese Equities Q4 investment update

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The Japanese Fund aims to outperform (after deduction of costs) the TOPIX, as stated in sterling, by at least 1.5 per cent per annum over rolling five-year periods.

The Worldwide Japanese Fund aims to maximise total return principally through investment in equity securities which are listed, traded or dealt on Regulated Markets in Japan.

The Japanese Income Growth Fund aims to outperform (after deduction of costs) the TOPIX, as stated in sterling, by at least 1 per cent per annum over rolling five-year periods, through a combination of income and capital growth while maintaining a portfolio yield higher than the TOPIX.