Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Fidelity Japan Trust Plc LSE:FJV London Ordinary Share GB0003328555 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.50p -1.73% 142.00p 142.00p 144.00p 144.00p 142.00p 142.00p 171,255 16:35:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 2.8 -0.3 -0.1 - 162.00

Fidelity Japan Trust PLC Edison issues review on Fidelity Japan Trust (FJV)

23/04/2019 12:40pm

RNS Non-Regulatory


TIDMFJV

Fidelity Japan Trust PLC

23 April 2019

London, UK, 23 April 2019

Edison issues review on Fidelity Japan Trust (FJV)

Fidelity Japan Trust (FJV) has recovered well in NAV terms from the global equity sell-off in the last quarter of 2018, which negatively affected its FY18 performance. Manager Nicholas Price says that the sharp de-rating of Japanese equities (which has only partly reversed as share prices have rebounded) means he is able to find many attractive companies trading at unwarranted discounts. The Japanese equity market is extremely under-researched compared with other major developed markets, and the input from Fidelity's large, locally based analyst team, together with Price's own research, makes FJV well-placed to capitalise on investment opportunities that the majority of (particularly overseas) investors may have overlooked. FJV's multi-cap portfolio continues to have a natural bias towards smaller and mid-cap stocks, with Price seeking reasonably priced companies that have high returns on equity and a solid three- to five-year growth outlook.

FJV's 10.1% discount to cum-income net asset value (as at 18 April 2019) is somewhat below its long-term average level, although it has widened substantially in the past six months. While Japanese equities have suffered from overseas investors' risk aversion, the currency benefits from being seen as a safe haven, so yen strength has boosted returns from FJV's unhedged portfolio for sterling-based investors. The trust invests mainly for capital growth and does not pay a dividend.

Click here to view the full report.

All reports published by Edison are available to download free of charge from its website

www.edisongroup.com

About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information please contact Edison:

Sarah Godfrey, +44 (0)20 3681 2519

Gavin Wood, +44 (0)20 3681 2503

investmenttrusts@edisongroup.com

Learn more at www.edisongroup.com and connect with Edison on:

   LinkedIn        https://www.linkedin.com/company/edison-investment-research 
   Twitter           www.twitter.com/Edison_Inv_Res 
   YouTube       www.youtube.com/edisonitv 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

NRAIJMBTMBJTBFL

(END) Dow Jones Newswires

April 23, 2019 07:40 ET (11:40 GMT)

1 Year Fidelity Japan Chart

1 Year Fidelity Japan Chart

1 Month Fidelity Japan Chart

1 Month Fidelity Japan Chart
Your Recent History
LSE
FJV
Fidelity J..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20190625 05:51:49