Japan funds begin the year strongly but lose momentum


January saw the Japanese market starting out strongly only for momentum to peter out, the TOPIX index ending the month up 1.26%.

Most funds were positive on the month. SFP Value Realization Fund was up 2.02% to take three-month gross numbers to a whopping 41.99%, while Strategic Evarich saw a 2.87% January, taking three-month figures to 18.57%.

It was a particularly strong month for Myojo Riodas, which gained 10.46% for January to put three-month numbers at 24.24%. Gains came from the long book, and during the month the managers raised weightings in the materials sector, reducing positions in