London, UK, 28 January 2022
Edison issues review on Atlantis Japan Growth Fund (AJG)
Atlantis Japan Growth Fund (AJG) invests in a diversified portfolio of Japanese equities, with a focus on the country's innovative, smaller-cap companies. The fund has achieved its long-term capital growth objective, delivering an average annual NAV return of 13.6% over the past 10 years, considerably outperforming its benchmark, the TOPIX, over this period. In addition, the fund pays a high and regular dividend, offering a yield of 5.3%. Yet it is trading at a much wider discount than its peers, potentially offering new investors an attractive entry point.
AJG's shares are currently trading at a 12.2% discount to cum-income NAV, significantly wider than its AIC peers. This could be higher than justified given its strong performance and highly competitive dividend payments and suggests scope for the discount to narrow over time. There is also the possibility that the discount may narrow over time in response to the board's ongoing efforts to reduce charges. Meantime, the current relatively wide discount may offer investors an attractive entry point.
Click here to view the full report or here to sign up to receive research as it is published.
All reports published by Edison are available to download free of charge from its website
About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.
Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney.
Edison is authorised and regulated by the Financial Conduct Authority.
Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.
For more information, please contact Edison:
Joanne Collins +44 (0)20 3077 5700 investmenttrusts@edisongroup.com
Mel Jenner +44 (0)20 3077 5720 investmenttrusts@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison on:
LinkedIn www.linkedin.com/company/edison-group-/
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
