The board of Fidelity Japanese Values PLC has appointed Nicholas Price as portfolio manager.
Based in Tokyo, Price will take on full responsibility for the investment company’s portfolio at the beginning of September, following a transition period with current manager Shinji Higaki. Higaki will continue to manage domestic Japanese mandates at Fidelity.
Fidelity Japanese Values PLC focuses on medium-sized and smaller Japanese companies, looking for mis-priced stocks.
Price has over 20 years of investment experience in the Japanese equity market, having joined Fidelity’s Tokyo office in 1993 as a research analyst before becoming a portfolio manager in 1999.
He currently manages a number of Fidelity’s Japanese funds, including the Fidelity Funds – Japan Aggressive Fund, and follows an investment approach focused on ‘growth at a reasonable price’.
David Robins, chairman of Fidelity Japanese Values PLC, says: “Considering the coordinated pro-growth policies and the fundamental changes in corporate behaviour that are occurring, the outlook for Japanese equities is attractive.
“The Board believes Nicholas’ investment approach, combined with his consistent bias towards mid and small cap growth stocks, is an ideal fit for the Company.”
Fidelity Worldwide Investment manages or administers client assets of £191.2 billion (€272.4 billion), as at March 31, 2015.
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