Update on hedging

RNS Number : 4735I

Aberdeen Japan Investment Trust PLC

25 March 2015

 



ABERDEEN JAPAN INVESTMENT TRUST PLC (the "Company")

Update on Hedging strategy

The Company's investment policy provides for the Board to arrange an appropriate hedge for the underlying Yen net exposure in Sterling terms. The Company's net exposure to Yen is moderated by the companies in its portfolio which have significant sources of revenue from exports or from non-Japanese operations. The exposure therefore fluctuates in response both to changes in the portfolio and to the strength of the Yen. 

Following a review of the underlying portfolio's exposure, approximately 45% of the Company's Yen net assets will now be hedged against fluctuations in the Yen Sterling exchange rate (previously 50%). 

The Board continues to monitor the hedging policy and its effects on the Company's performance on a regular basis and, as advised by the Manager, will review the levels of Sterling currency hedging in place as appropriate.

25 March 2015

 

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