Top Trumps: Japan equities – 9 July 2026
This week, FSA compares two Japan equity funds: M&G Japan and Schroder ISF Japanese Opportunities.
This week, FSA compares two Japan equity funds: M&G Japan and Schroder ISF Japanese Opportunities.


Based on the popular 80s card game, each week we select an asset class and use FE fundinfo data to compare two funds based on their three-year performance, assets under management, alpha, volatility, ongoing charges and information ratio to decide which is the Top Trump.
This week, the M&G Japan fund beats the Schroder ISF Japanese Opportunities fund 5-1.
M&G Japan
This fund aims to provide a combination of capital growth and income to deliver a return that is higher than that of the MSCI Japan Index over any five-year period, after fees.
Top 10 holdings:
Mitsubishi UFJ 5.4%
Sony 4.9%
Toyota 4.4%
Softbank Group 4.2%
Mitsui 4.0%
Recruit Holdings 3.6%
Hitachi 3.5%
Orix Corporation 3.2%
Tokyo Electron 2.6%
Mizuho Financial Group 2.6%
Schroder ISF Japanese Opportunities
The fund aims to provide capital growth in excess of the TOPIX after fees have been deducted over a three to five year period by investing in equities of Japanese companies.
Top 10 holdings:
Sumitomo Mitsui Financial Group Inc 4.2%
T&D Holdings Inc 3.7%
C Uyemura & Co Ltd 3.5%
ORIX Corp 3.3%
TDK Corp 3.2%
Shikoku Kasei Holdings Corp 2.6%
Yokohama Rubber Co Ltd/The 2.6%
Suzuki Motor Corp 2.0%
Fuji Corp/Aichi 2.0%
Starts Corp Inc 1.9%
*All relevant fund data converted to US dollars for comparative purposes. Performance, alpha and volatility are annualised over three years with data as reported at the end of last month. Information ratio (IR) aims to measure a portfolio manager’s consistent ability to generate excess returns relative to a benchmark. The higher the IR, the more consistent the manager is.
This week, FSA compares two Japan equity funds: M&G Japan and Schroder ISF Japanese Opportunities.
The service aims to advance transparency in private markets with common performance measurement standards.
The firm believes that continuation investments will grow more than threefold over the next decade.