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Fidelity Japanese Values lags index

By BFN News | 03:11 PM | Tuesday 31 March, 2015

Fidelity Japanese Values' net asset value rose by 3.1% in the year to the end of December. The broad TOPIX index rose by 8.1%, while the Russell Nomura Mid/Small Cap Index was up by 12.8% - both in local currency terms. However, the depreciation of the yen over the same period, when it fell by 6.9% against sterling, meant that the broader market was up by only 0.7% and the company's reference index by 5.1% in sterling terms. The company said its performance did compare favourably with that of its peer group, which on average managed an improvement in NAV of only 0.5%. At 3:11pm: (LON:FJV) Fidelity Japanese Values Plc share price was +0.38p at 83.13p Story provided by

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