JOHCM announces plans to close Japan fund

12 July 2021 - J O Hambro Capital Management has announced that it plans to close the JOHCM Japan fund. 

Following significant redemptions over the past few years, the fund’s assets under management have fallen to just £78 million*.

Having underperformed the sector average over three and five years, performance had picked up over the past 12 months, but the company no longer believes the fund can be rebuilt “to a commercially viable level”.

Subject to approval at an EGM being held today, the fund will be closed and the managers, who have run the fund since launch and 2005 respectively, will leave the firm after an orderly winding up of the portfolio.

What will happen to investments in the fund?

If the closure is agreed, trading will be suspended with immediate effect and any units held in the fund will be redeemed on 19July 2021. All sales proceeds will be allocated to your account as soon as AEGON are in receipt of them.

According to Investment Week, the redemptions of the JOHCM fund go against the grain of the sector as Japanese equity funds have been popular recently. The latest Investment Association data shows the sector has net inflows of £161m in April.  

*As at 31 May 2021