Source - LSE Non-Regulatory
RNS Number : 3804L
Atlantis Japan Growth Fund Ld
12 January 2021
 

 

London, UK, 12 January 2021

Edison issues review on Atlantis Japan Growth Fund (AJG)

Atlantis Japan Growth Fund (AJG) invests in a diversified portfolio of listed Japanese equities, with the aim of realising long-term capital growth. It has a bias towards growth stocks. Lead adviser Taeko Setaishi believes several trends accelerated by the coronavirus crisis and new Prime Minister Yoshihide Suga's structural reform agenda have the potential to generate new investment opportunities and productivity gains, which will benefit companies in many sectors. AJG's performance has been positive in absolute terms and it has outperformed its benchmark over one, three, five and 10 years. The fund has also outperformed the UK market over all these periods. AJG pays a quarterly dividend of 1% of NAV.

 

AJG is currently trading at an 8.1% share price discount to cum-income NAV. This compares with discounts of 14.3%, 10.9%, 10.2% and 8.9% over one, three, five and 10 years, respectively. Narrowing in the discount appears to be due to greater investor interest in Japanese stocks and growth-style investing, combined with AJG's relatively new dividend policy, which may lead to further tightening over time. Based on its current share price, the fund offers a prospective yield of 2.9%. 


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