AVI Japan Opportunity Trust PLC Update from QuotedData
20 Juillet 2023 - 12:26PM
RNS Non-Regulatory
TIDMAJOT
AVI Japan Opportunity Trust PLC
20 July 2023
AVI Japan Opportunity - Update from QuotedData
19(th) July 2023
Good governance, better returns
The team behind AVI Japan Opportunity (AJOT) continues to
champion the tenets of good corporate governance and shareholder
alignment. On this front, it recently made some positive progress
with one of its investments - NC Holdings - where it put forward
some resolutions at that company's annual general meeting
(AGM).
The benefits that it can accrue through improved corporate
governance complement an attractive-valued Japanese equity market,
which is increasingly attracting the attention of foreign
investors. The missing piece of the puzzle is the weakness of the
Japanese currency, the Yen, which has weighed on the sterling value
of AJOT's portfolio. If that changes, AJOT could really
sparkle.
Whilst there has been a handful of new additions to AJOT's
portfolio, there has been an overall reweighting of the portfolio
towards higher-quality stocks, reducing exposure to some 'deeper
value, lower quality' names that have sometimes dragged on
performance.
Thanks to its idiosyncratic tailwinds, AJOT has been able to
generate enviable outperformance of peers and index benchmarks over
the long term, as well as command strong demand for its shares,
with the trust's share price continuing to trade close to its
NAV.
Full Research:
https://quoteddata.com/research/avi-japan-opportunity-good-governance-returns-qd/
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(END) Dow Jones Newswires
July 20, 2023 06:26 ET (10:26 GMT)
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