Atlantis Japan Growth Fund Limited
Lead adviser Taeko Setaishi intends to remain focused on companies capable of delivering sustainable earnings growth, as she believes this is the key to AJG’s capacity to keep delivering long-term capital growth for its shareholders. Setaishi sees most opportunities among Japan’s innovative smaller-cap companies.
The fund monthly newsletter to end of June 2021 has now been published. To read the newsletter, click on the link below:
The fund monthly newsletter to end of May 2021 has now been published. To read the newsletter, click on the link below:
The fund monthly newsletter to end of April 2021 has now been published. To read the newsletter, click on the link below:
Dear Investor,
In common with other funds that focus on long-term rising earnings, Atlantis Japan Growth Fund has had a challenging start to 2021, with some of the themes in the Japanese equity market that drove the Fund’s 24.1% positive performance in sterling terms in calendar year 2020 currently out of favour. The developments that emerged in the fourth quarter of 2020 to challenge the tech-driven growth market and its valuations included the following:
Lead adviser Taeko Setaishi believes several trends accelerated by the coronavirus crisis and new Prime Minister Yoshihide Suga’s structural reform agenda have the potential to generate new investment opportunities and productivity gains, which will benefit companies in many sectors.
Taeko Setaishi, and the wider team at AIRC focus on stock selection driven by fundamental analysis and an intense schedule of company meetings, in order to identify under-researched and undervalued growth companies. Naturally, this approach favours small- and mid-caps, which typically have lower coverage from both buy- and sell-side analysts.
Atlantis Japan Growth Fund has a bias towards growth stocks and focuses on companies that have the potential to benefit from changing trends within Japan’s domestic economy. AJG has an all-cap strategy but in recent years it has focused on small-cap stocks. Performance, which is benchmarked against the TOPIX index, has been strong.
Dear Investor,
This investment note is intended to update shareholders of Atlantis Japan Growth Fund (the “Company”) on the impact the COVID-19 pandemic has had on the Company’s investment approach, strategy, and execution. In brief, portfolio adjustments have been made, and despite the turbulent times, Atlantis Investment Research Corporation, the Company’s Investment Adviser, believes it is well positioned to continue delivering long term capital gains to shareholders.
Over time, AJG’s board has simplified the company’s structure. Recently it announced it will no longer offer a six[1]monthly redemption facility; instead it will pay a quarterly dividend based on the fund’s NAV, which will be paid out of revenue and capital.
