Atlantis Japan Growth Fund Ld Edison issues review on Atlantis Japan Growth Fund
20 Octubre 2022 - 01:10AM
RNS Non-Regulatory
TIDMAJG
Atlantis Japan Growth Fund Ld
20 October 2022
London, UK, 20 October 2022
Edison issues review on Atlantis Japan Growth Fund (AJG)
Atlantis Japan Growth Fund (AJG) invests in a diversified
portfolio of Japanese equities. Its bias towards high-quality,
innovative growth and small-cap stocks has put performance under
pressure this year. However, the fund has achieved its long-term
capital growth objective, delivering an average annual NAV return
of 9.7% over the past 10 years and outperforming its benchmark, the
TOPIX, on this basis, over this period. This long-term track record
attests to the stock selection skills of AJG's lead adviser, Taeko
Setaishi. She believes that while further patience may be required,
an eventual recovery in Japanese corporate earnings will be the
catalyst for renewed interest in growth stocks and an associated
improvement in AJG's performance.
Japan is a global leader in some key niche industries and
Japanese stocks remain attractively valued versus global peers. AJG
offers investors diversified access to some of Japan's most
exciting and innovative companies, including under-researched and
undervalued smaller-cap stocks. The fund's long-term track record
of high absolute returns and outperformance is likely to appeal to
investors seeking the diversification benefits of exposure to the
Japanese market. AJG may also appeal to investors seeking a high,
regular and predictable income. The fund offers a yield of 5.4%
(based on the current share price and the four dividend payments
due in respect of the financial year ended April 2022). This is the
second highest dividend among the fund's AIC peers (see peer group
comparison section). The Japanese yen has depreciated significantly
in response to the widening differential between Japanese, US and
UK interest rates, and any recovery in the currency will support
returns for sterling-based investors. The fund is trading at a
wider than average discount, potentially offering new investors an
attractive entry point. There is scope for the discount to narrow
as and when performance returns to form.
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