Q: Your thoughts.
5i Research Answer:
It is an interesting fund, in that it invests in Japanese companies, but only those that have significant international business as well. Yield is 3.47%. Assets are $755M, fees are 0.51%. Three-year annualized compound return is 32.67% (five year not yet available). We think, for its focus, it is fine. There are not a lot of similar funds in Canada. The average P/E of its holdings is 15.1X, so it is definitely on the value side of the equation. We would be comfortable buying as part of an international allocation.