Fidelity Advisor Japan Fund
Company & Industry Overviews
At this time last year, Japanese stocks (DBJP) (EWJ) (VPL) were the darlings of equity investors around the world. So what changed in such a short amount of time?
The Fidelity Advisor Japan Fund – Class A (FPJAX) is an offering by Fidelity Investments. The fund has assets of $543.2 million as of August 2015. Its net expense ratio is 1.23%.
Manufacturing activity in Japan, represented by the Nikkei Japan Manufacturing PMI, rose in August, with the indicator rising to 51.7 points from 51.2 in July.
Japanese housing starts rose in July 2015, but their pace slowed compared to a month ago. Housing starts rose by 7.4% in July compared to a year ago.
The T. Rowe Price Japan Fund’s (PRJPX) total returns for the past one year ended July 24, 2015, stood at 6.8%. Toyota has been the fund’s top holding in the period, forming 4.8% of the portfolio on average.