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*Lipper, in Yen with net income re-invested. Past performance is not a guide to future performance.
James Dowey and Paul Caruana-Galizia are economists at Neptune Investment Management
Important Information: This is not for retail clients. It is intended for investment professionals and is not for forward transmission.
Please remember that forecasts are not a reliable indicator of future performance. Any views expressed within this communication are those of Neptune as at the date of issue. We do not undertake to advise you as to any changes in our views. The information and statistical data contained in this article has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness.
Neptune funds are not tied to replicating a benchmark and holdings can therefore vary from those in the index quoted. For this reason, the comparison index should be used for reference only.
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