Hennessy Japan Fund (HJPNX)
Hennessy Japan Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Novato, CA, US. The stock last traded at $53.84, up 1.76% on the session, giving a market capitalisation of $504.3M. Its beta of 0.86 implies it has historically moved less than the broad market.
The fund dedicates a significant portion, specifically no less than 80% of its total net assets, to acquiring shares of companies operating in Japan. For investment purposes, the management team classifies a "Japanese company" as an entity either legally established under Japanese law, whose primary stock market is Japan, or which generates the majority of its assets or business revenue within Japan. Despite being officially labeled as a "diversified" mutual fund, it adopts a rather concentrated investment approach, potentially leading to a portfolio with a smaller number of distinct companies compared to other funds in the diversified category.
Hennessy Japan Fund is most often compared with the following Financial Services names: