Update from QuotedData

AVI Japan Opportunity Trust PLC

07 August 2024

 

 

AVI Japan Opportunity Trust - Update from QuotedData

7^th August 2024

Pushing on an opening door

The scale of the outperformance delivered by AVI Japan Opportunity Trust (AJOT) versus its MSCI Japan Small Cap benchmark is impressive (38 percentage points since launch) and demonstrates the success of its efforts to promote good corporate governance within the stocks in its portfolio. The manager says that Japanese corporates have become less resistant to change, but there is still a lot to do.

It is important to note that AJOT's success has come despite a weak currency, small-cap underperformance (small caps are AJOT's hunting ground), and foreign investors still having a substantial underweight exposure to Japanese equities. These factors could swing in AJOT's favour, but the manager believes that AJOT can thrive regardless.

We feel that AJOT's performance and prospects are such that its shares should be trading at asset value and expanding. Currently it trades on a discount of 4.8%.

Full Research:

https://quoteddata.com/research/avi-japan-opportunity-pushing-on-an-opening-door-qd/

This research is also available free on our website 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 Trus 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.

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