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Comgest merges top decile Japan equity funds


Comgest is merging its French-domiciled Comgest Japan SICAV into the Comgest Growth Japan Dublin-domiciled UCITS fund, effective from 21 April 2017.

On this date, all assets and liabilities were transferred from Comgest Japan to Comgest Growth Japan and investors in the absorbed fund were issued with new shares.
The fund retains its name – Comgest Growth Japan – management team and investment objectives, focused on quality long-term growth companies based or operating in Japan.
The combined vehicle enhances Comgest’s offering to international investors with a combined AUM of around JPY33,339 million (EUR284 million) as at 25 April 2017. Investors will also benefit from the USD, GBP and EUR-denominated share classes, offered as either hedged or unhedged by the Dublin fund.
Arnaud Cosserat, Comgest CEO and CIO, says: “The merger of our two Japan funds is in line with our strategic approach to enhance Comgest’s international offering. The combined fund, with its larger AUM, will allow better access for our investors, many of whom operate with strict fund ratios to maintain. Likewise, the range of currency-hedged share classes offered by our Dublin fund enables investors to mitigate the impact of Yen currency fluctuations in a region that we believe continues to be an attractive proposition for long-term, quality growth investment.”
Comgest Growth Japan ranks in the highest decile of its Morningstar comparison group for five-year performance, currently ranking at the 98th percentile.

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