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Looking strong again here today, good diversification with a decent dividend imo. Still a strong hold for my portfolio. |
Seems to be a large volume of transactions happening now. |
Not looking as rosy as it did 2 months ago- discount widening in the last week or so |
Kepler research regarding Japan in general, but focusing on CCJI as a means of capturing performance |
Loving the shape of the graph, long may it continue!
NAV is rising, but part of the share price gain has been discount closing |
Now at all time share price highs, good luck to all invested here. |
Looks to be hitting 3 year chart highs now, been adding gradually this year. Good luck to all invested. |
Rathbone and Directors increase holdings but still premium to NAV Looking for a Japanese trust but not sure it is this one |
Too early to tell on the negative front. I like the investment case and their approach. Costs were acceptable. Time will tell. |
Thanks for the reply. I am an investment trust person myself.
Pretty happy to have started a small holding with Witan Pacific (WPC) last year to increase exposure in the Far East, but they are more Pacific than Japan (they are underweight Japan vs. their benchmark). I have also more Australia/Pacific exposure indirectly from other stocks. CCJI would not be a major holding, I would use it only to rebalance the geographic exposure.
The performance does look good; it also mostly beats its index. Although I do not really care about the latter. If I did, I would be going passive. Relatively young trust, it has managed to outlive the early concerns about not having been able to raise the money they wanted initially back in 2015. Gearing is significant (20%), but I am not too adverse to that either. The mild premium (currently around 4%) seems to have always been there, only short discount periods and then only at -2.5% top.
I was mostly enquiring about negative feedback, things that others may know that would not be reflected in the performance charts. |
Bought in a few months back to get exposure to Japanese market. I increasingly favour investment trusts to diversify portfolio and risk and like their value based approach to stock selection. I also like the business case for increasing shareholder returns in Japan.
Mid year results are due soon, so you will get a better feel for how the Trust is progressing. |
Anyone holding this? I am looking into a Japan only trust at the moment. Another option would be BGS, but BGS is small cap. CCJI seems more generic.
I do not like buying at a premium though. |