Important information

  • The Fund invests in small to medium sized Japanese companies and to a lesser extent in large Japanese companies.
  • Investors should note the risk of investing in small companies, concentration risk of investing in small to medium sized Japanese companies, currency exchange risk, equities risk, volatility risk, and general investment risk.
  • Financial derivative instruments (FDI) may be used for efficient portfolio management purposes or to hedge or reduce the overall risk of investments.  Risks associated with FDI include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDI may lead to a high risk of significant loss by the Fund.
  • The value of the Fund can be volatile and could go down substantially.
  • Investors should not base their investment decision on this material alone.
  • Invesco Nippon Small/Mid Cap Equity Fund

NAV (28/01/2020)

1501.0000 JPY

12 months
Low High
1327.0000 1598.0000

Fund performance chart

Cumulative Performance

Last update date: 31/12/2019
  YTD 3M 6M 1Y 3Y 5Y Since Launch~
Share Class 15.34% 12.38% 12.38% 15.34% 33.59% 54.20% 132.70%
Index^ 16.99% 10.48% 13.14% 16.99% 22.22% 48.65% 86.12%

Calendar Year Performance

Last update date: 31/12/2019
2019 2018 2017 2016 2015
Share Class 15.34% -18.75% 42.55% 13.22% 1.95%
Index^ 16.99% -19.76% 30.18% 4.78% 16.08%

^ Reference Index: Russell/Nomura Small Cap

+ Annualized dividend (%) = (Rate/Share X Frequency) ÷ Price on record date. Upon dividend distribution, the fund's net asset value may fall on the ex-dividend date. For Frequency, Monthly = 12; Quarterly = 4; Semi-Annually = 2; Annually =1. All distributions below USD 50 in value (or its equivalent) will be automatically applied in the purchase of further shares of the same class. Positive distribution yield does not imply a positive return.

~For share class's launch date, please refer to Fund Details section.

Fund Objective

Aims at achieving long-term capital growth by investing in small to medium sized Japanese companies, and to a lesser extent, large Japanese companies. Small to medium sized companies have market capitalization not exceeding the bottom half of total market capitalization in Japan.

Key Facts

Launch Date 02/01/1991
Fund Size JPY 14.79bn (as of 31/12/2019)
Management Fee 1.50%
Minimum investment JPY 120,000
Initial Charge (up to) 5.00%
Fund Manager Osamu Tokuno
Bloomberg Code INVPNEI LX
ISIN Code LU0028119526

Bulletin Board

How To Buy

Important information

Invesco Japanese Small/Mid Cap Equity Fund was merged into Invesco Nippon Small/Mid Cap Equity Fund effective 20 April 2012 (after close of business). The investment performances are denominated in JPY. US/HK dollar-based investors are therefore exposed to fluctuations in exchange rates.Investment involves risks. Past performance is not indicative of future performance. Investors should read the relevant prospectus for details, including the risk factors and product features. This material has not been reviewed by the Securities and Futures Commission and is issued by Invesco Asset Management Asia Limited (景順投資管理亞洲有限公司) (from 16 January 2020, Invesco Hong Kong Limited (景順投資管理有限公司)).

All data (including fund and reference index performances) is sourced from Invesco unless otherwise stated.

Performance of the share class is calculated based on NAV to NAV, gross income re-invested in share class currency.