By Hannah Walsh
The Nippon Growth UCITS fund was amongst the top performing funds for the week ending 24 February with a return of 3.58%, according to the Absolute UCITS database. This represents the fund’s third consecutive week amongst the top performing funds.
The fund, which started in October 2009, is managed by Tokyo-based Yutaka Uda. During 2011 it was down 21.67%, mainly due to large losses during March and August, but rallied last month with a return of 7.47%. Based on the fund’s weekly returns through February it is likely to finish positive for the second month.