Japanese equity fund among top performers for third week running


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.