Morant Wright Nippon Yield Fund

A Japanese equity fund that invests in companies with strong financial positions in order to support high dividend yields relative to the market.

The team invests in strong franchises and businesses with strong balance sheets that are undervalued. These are typically companies which can deliver capital growth through increases in dividends or share price appreciation. The rigourous balance sheet analysis and avoidance of companies with high leverage makes this fund relatively defensive.

As value investors, the concern of a value trap if of the utmost importance. As a result, the managers are very cautious to assess the fair value of assets. By meeting with management, they will try to ascertain if the potential for change is there within their investment horizon of 3-5 years.

Fund type UK OEIC
Asset class Equities
Sector Japan
Managed by Stephen Morant
This fund is not currently listed in our model portfolios

Manager Profile

Stephen is one of the co-founders of the firm, and has over 30 years of experience in Japanese equities. He was previously head of the Japanese business at Cazenove, where he worked from 1982 until forming Morant Wright in 1999. He has previous experience as an accountant in both industry and private practice.

Fund performance

Morant Wright

Morant Wright is an investment manager, established in 1999 by Stephen Morant and Ian Wright, concentrating exclusively on Japan. Morant Wright as a house focus on fundamental research with a strong emphasis on balance sheet analysis and robust valuation discipline.