Matthews Japan Fund Comments on SoftBank

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Oct 24, 2019

Turning to individual securities, telecom and venture-capital firm SoftBank (TSE:9984, Financial) was the largest individual detractor in the quarter. SoftBank's share price performed well in the first half of this year, and we took profits during the strength. SoftBank's Vision Fund includes ownership positions in Uber and WeWork. Stagnant performance of Uber's IPO and the canceled IPO of WeWork weighed on SoftBank's share price.

From Matthews Japan Fund (Trades, Portfolio)'s third-quarter 2019 commentary.

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