Even with all sorts of macroeconomic problems, Japan-focused mutual funds were superlative performers among developed markets in 2015. One of the reasons for that was a surge in corporate profits.
The Hennessy Japan Fund (HJPNX) dived by 8.2% in September from the previous month—the worst performer in September among the nine funds we’re reviewing.
The Hennessy Japan Fund Inv Class seeks “long-term capital appreciation by investing in stocks of Japanese companies” and has 22 holdings as of September.