Within the AIC’s Japanese smaller company sector, the period since AVI Japan Opportunity Trust (AJOT) was launched in October 2018 has resembled the fable of the tortoise and the hare. The majority of competing funds are invested in high growth stocks whose valuation multiples had been soaring. However, these have tumbled in recent weeks as investors fret about the prospect of interest rate rises. Meanwhile, AJOT has been steadily chalking up successes in unlocking value from a range of Japanese companies. It is now the best-performing Japanese smaller company trust over the period since it was launched. The manager points to the considerable latent value within AJOT’s portfolio; it is confident of further uplifts to come.
AVI Japan Opportunity Trust plc is a United Kingdom-based closed-ended investment company. The investment objective of the Company is to provide shareholders with capital growth through investment in a focused portfolio of equities listed or quoted in Japan. Asset Value Investors Limited is the Company's investment manager and alternative investment fund manager.
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