Improved performance and liquidity
”‹Nicholas Price has been in place as manager of the Fidelity Japanese Values (FJV) portfolio for eight months and already he is building a track record of outperformance of FJV’s benchmark. However, despite superior performance, this has been accompanied by a widening of FJV’s discount, in common with many of its peers. Fidelity believes that if outperformance can be sustained, this, coupled with the increased liquidity in FJV’s shares following the successful exercise of its subscription shares, could help attract new investors to the fund and potentially narrow the discount. At the end of April 2016, FJV issued 22.5m shares as its subscription shares were exercised, expanding the company by almost 20%.
Fidelity Japan Trust is an investment trust company. Co.'s investment objective is to attain long term capital growth from a managed portfolio of securities primarily of small and medium sized Japanese companies listed or traded on Japanese stockmarkets.
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