RCS - AVI Japan Opport.Tst - Update from QuotedData
20/07/2023 11:26
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230720:nRST6765Ga&default-theme=true RNS Number : 6765G 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/ (https://quoteddata.com/research/avi-japan-opportunity-good-governance-returns-qd/) This research is also available free on our website www.quoteddata.com (http://www.quoteddata.com) where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required. NB: Marten & Co was paid to produce this note on AVI Japan Opportunity Trust Plc and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority. QUOTEDDATA 50 Gresham Street | London EC2V 7AY Tel: +44 (0) 20 3691 9430 www.quoteddata.com (http://www.quoteddata.com) | research@quoteddata.com (mailto:research@quoteddata.com) | www.martenandco.com (http://www.martenandco.com) This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . 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 (https://www.lseg.com/privacy-and-cookie-policy) . END NRANKKBBKBKDQOB