Atlantis Japan Growth Fund Ld Edison issues update on Atlantis Japan Growth Fund
21 Agosto 2023 - 1:15AM
RNS Non-Regulatory
TIDMAJG
Atlantis Japan Growth Fund Ld
21 August 2023
London, UK, 21 August 2023
Edison issues update on Atlantis Japan Growth Fund (AJG)
The Atlantis Japan Growth Fund (AJG) board has announced that it
has agreed heads of terms for a proposed combination of its assets
with those of Nippon Active Value Fund (NAVF). The proposal is
intended to address AJG's relatively small size - current assets
under management (AUM) total c GBP78m - and follows recent
disappointing relative performance. The combination, which is
subject to the approval of the shareholders of both AJG and NAVF,
offers AJG shareholders ongoing exposure to the attractive
investment opportunities available in the Japanese market,
especially among cash-rich smaller companies. They may also benefit
from the expertise of NAVF's managers. NAVF has been the
top-performing Japanese fund since its inception in February 2020
and its managers have over 30 years' experience as active managers
in this market. The proposal also includes the option for AJG's
shareholders to realise a portion of their cash if desired. The
enlarged NAVF will offer all shareholders greater liquidity, as
well as a likely reduction in ongoing costs.
The proposal comes ahead of a continuation vote scheduled for
AJG's AGM in December 2023 and is likely to be finalised in the
first half of 2024.
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