Nicholas Price, portfolio manager for the Fidelity Japan Trust PLC gave a presentation at the trust’s online AGM on 19 May 2020.
Price provided an update on the trust’s performance, discussed investment strategy and gave his updated outlook for the future.
The Fidelity Japan Trust PLC has a ‘growth at reasonable price’ (GARP) investment style and approach - which involves identifying companies whose growth prospects are being under-appreciated or are not fully recognised by other investors. Although these companies may exist in all areas of the market the investment process often naturally leads the Trust to focus on medium-sized and smaller companies, where lower levels of analyst coverage creates more frequent or greater mispriced growth opportunities.
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