I’m beginning to lose faith in this one. It’s a long-term hold for me as an alterative to VJPN as I think smallcaps will outperform over longer periods.
However, I’m tempted to swap it for something more value-focused like AJOT or NAVF as they’re not nearly as correlated with global markets. Plus, I hold PHI and SMT, so more management group/ investment style diversification is always welcome. 