September 2023 newsletter
- Details
- Published: Monday, 16 October 2023 08:49
The fund monthly newsletter to end of September 2023 has now been published. To read the newsletter, click on the link below:
Atlantis Japan Growth Fund Limited
Atlantis Japan Growth Fund Limited
The fund monthly newsletter to end of September 2023 has now been published. To read the newsletter, click on the link below:
The fund monthly newsletter to end of August 2023 has now been published. To read the newsletter, click on the link below:
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. It contains proposals relating to the voluntary winding-up and reconstruction of Atlantis Japan Growth Fund Limited on which you are being asked to vote and in relation to which shareholders have the right to make an election. If you are in any doubt about the action to be taken, you are recommended to seek immediately your own personal financial advice from an appropriately qualified independent adviser authorised under the Financial Services and Markets Act 2000.
The Atlantis Japan Growth Fund (AJG) board has announced that it has agreed heads of terms for a proposed combination of its assets with those of Nippon Active Value Fund (NAVF). The proposal is intended to address AJG’s relatively small size – current assets under management (AUM) total c £78m – and follows recent disappointing relative performance. The combination, which is subject to the approval of the shareholders of both AJG and NAVF, offers AJG shareholders ongoing exposure to the attractive investment opportunities available in the Japanese market, especially among cash-rich smaller companies. They may also benefit from the expertise of NAVF’s managers. NAVF has been the top-performing Japanese fund since its inception in February 2020 and its managers have over 30 years’ experience as active managers in this market. The proposal also includes the option for AJG’s shareholders to realise a portion of their cash if desired. The enlarged NAVF will offer all shareholders greater liquidity, as well as a likely reduction in ongoing costs.
The fund monthly newsletter to end of July 2023 has now been published. To read the newsletter, click on the link below:
The fund monthly newsletter to end of June 2023 has now been published. To read the newsletter, click on the link below:
The fund monthly newsletter to end of May 2023 has now been published. To read the newsletter, click on the link below:
The fund monthly newsletter to end of April 2023 has now been published. To read the newsletter, click on the link below:
The fund monthly newsletter to end of March 2023 has now been published. To read the newsletter, click on the link below:
Atlantis Japan Growth Fund (AJG) invests in a diversified portfolio of Japanese equities. Its focus on high-quality, innovative growth and small-cap stocks has kept performance under pressure over the past two years due to the market’s shift in favour of value stocks. However, the fund is still achieving its long-term capital growth objective. Lead adviser Taeko Setaishi believes that an eventual recovery in Japanese corporate earnings will spark renewed interest in the growth names she favours, and AJG’s performance will improve accordingly. However, for the moment, it seems the waiting game continues, sweetened by a regular, predictable and competitive dividend; AJG’s current yield is 5.4%.