Hennessy Japan Fund Institutional Class (HJPIX)
Hennessy Japan Fund Institutional Class operates in the Asset Management industry of the Financial Services sector, headquartered in Novato, CA, US. The stock last traded at $56.30, up 1.75% on the session, giving a market capitalisation of $499.1M. Its beta of 0.86 implies it has historically moved less than the broad market.
The Hennessy Japan Fund Institutional Class primarily directs its capital towards the equity markets of Japan. Specifically, a minimum of 80% of its net assets, supplemented by any borrowed funds utilized for investment, are dedicated to purchasing shares in Japanese companies. The fund manager defines a 'Japanese company' as an entity either established under Japanese law, having its main stock trading venue in Japan, or conducting the majority of its business or holding most of its assets within Japan. Although officially designated as a 'diversified' mutual fund, the fund pursues a rather focused investment strategy, potentially resulting in its portfolio holding securities from fewer distinct companies than many other diversified offerings.
Hennessy Japan Fund Institutional Class is most often compared with the following Financial Services names: