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FJV Fidelity Japan Trust Plc

171.00
-3.00 (-1.72%)
19 Apr 2024 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  -3.00 -1.72% 171.00 136,754 16:35:28
Bid Price Offer Price High Price Low Price Open Price
170.50 172.50 171.00 168.00 170.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -61.37M -76M -0.5913 -2.88 219.12M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:33:42 O 88 171.00 GBX

Fidelity Japan (FJV) Latest News (2)

Fidelity Japan (FJV) Discussions and Chat

Fidelity Japan Forums and Chat

Date Time Title Posts
12/1/202411:22::: FIDELITY JAPAN TRUST :::25
13/1/202213:38Fidelity Jap Value17
26/1/201318:32Get in early on the Japan recovery story!519
08/2/200910:59Fidelity Japanese looking WAY oversold.92

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Fidelity Japan (FJV) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-19 16:33:52171.0088150.48O
2024-04-19 16:20:53171.004,9548,471.29O
2024-04-19 16:05:43171.007411,267.10O
2024-04-19 15:39:44171.005,0008,550.00O
2024-04-19 15:35:28171.006161,053.36UT

Fidelity Japan (FJV) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Fidelity Japan Daily Update
Fidelity Japan Trust Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker FJV. The last closing price for Fidelity Japan was 174p.
Fidelity Japan currently has 128,516,559 shares in issue. The market capitalisation of Fidelity Japan is £219,120,733.
Fidelity Japan has a price to earnings ratio (PE ratio) of -2.88.
This morning FJV shares opened at 170.50p
Posted at 12/1/2024 11:22 by sutherlh
Found old document, fiv was a typo, it should have been fjv. Like the feel of the chart and with the Nikki near 7 year high added a few more. Just down 20% over the years. H
Posted at 11/1/2024 09:44 by sutherlh
Is this trust fjv the same as fiv? I bought the latter in my ISA many years and can no longer track it. Thanks for any info. H
Posted at 16/7/2023 09:05 by jonwig
Kepler -



Warren Buffett’s decision to invest heavily in several Japanese companies over the past 12 months has brought up the usual annoying headlines about how great he is, as well as some discussion as to whether stocks listed in the world’s third-largest economy are worth reevaluating.

Is that actually happening? A recent analysis by Copley Fund Research provides some answers by looking at the weightings to Japan in a set of Global Equity Funds.

The first thing to note is that the average fund has been underweight to Japan, compared to the MSCI ACWI, for the entirety of the past decade. However, the spread between the average fund weighting and the index weighting has been tightening over the past five years and is now at close to its tightest level since 2014.

Another point that stands out in the report is the proportion of funds that have exposure to Japan. Looking at the past decade again, the proportion of global equity funds investing in Japan hit its lowest level approximately 12 months ago. Since then it has bounced back sharply, from a low of 84.9% to 87.1%.

However, exposure to Japan is markedly different depending on style. Value funds have an average overweight position. In contrast, income funds and growth investors are both underweight on average.

Top down analyses like this can mean you end up capturing data that isn’t entirely accurate, mainly because classifying funds can be an exercise in trying to square a circle. For example, the British & American Investment Trust (BAF), as readers can likely infer, invests in US and UK companies and is benchmarked against the FTSE All-Share. However, it is part of the AIC’s Global Equity Income Sector.

Nonetheless, Copley’s research, which looks at funds globally, does seem to fit broadly with trends we see in the UK’s investment trust sector.

For instance, every trust in the AIC’s Global Equity Income sector is currently underweight Japan, reflecting the relatively low dividend payouts Japanese companies offer.

In contrast, several trusts in the AIC’s Global sector are overweight to Japan. For instance, Bankers (BNKR) upped its weighting from 7.4% at the end of October last year, to 13.4% at the end of May. That coincides with a period where the managers have tilted the portfolio more towards value, after a decade-long period focused on growth.

AVI Global (AGT) is probably the most notable trust in the sector when it comes to Japan, with the trust having a 19% weighting to the country. However, the trust managers are Japan specialists and take a differentiated, value-driven approach to markets. For example, a key part of the strategy is to invest in what the managers believe are undervalued investment trusts trading at a discount, and to capture the enhanced returns that a tightening of the discount produces.

In some ways, the tilt towards Japan in value funds also mirrors some of the success we’ve seen in country specialist trusts. For instance, AVI Japan Opportunity (AJOT), which is managed by the same company as AGT, also takes a value-driven approach to Japanese Smaller Companies and has enjoyed a strong 12 months compared to its benchmark.

Similarly, CC Japan Income & Growth (CCJI) has had a very strong 12 months. The trust managers look to invest in companies that can pay increasing, sustainable dividends, and have been able to benefit from some of the corporate reforms we’ve seen in Japan over the past decade.

For investors considering Japan, CCJI arguably offers a more attractive approach today. As we noted earlier this year, valuations in Japan do look attractive and corporate reforms, as well as modest inflation levels, continue to act as a tailwind for investors. However, stylistic calls remain hard to make and the balance that CCJI offers – valuation-conscious but not pure value plays – may be the better choice to make today.
Posted at 09/5/2023 19:05 by jonwig
Citywire -

Another overlooked market we have invested in recently is Japan, where a surge in shareholder activism is reinvigorating the region’s dated corporate culture. In particular, the country’s cash-rich but low-yielding businesses are proving fertile ground for change. Since 2019, there has been a steady increase in activist events, share buybacks and takeovers in an effort to improve profits for investors.

Despite the resultant increase in shareholder returns across the board, Japanese companies – particularly at the smaller end of the spectrum – continue to trade on much lower multiples than international peers
Posted at 12/1/2023 18:42 by jonwig
From an FT newsletter ("Unhedged") this morning:

Pelham Smithers of Pelham Smithers Associates, our go-to Japan watcher, thinks this is all heralding a grand shift in inflation psychology. As he pointed out to us yesterday, the headline inflation rate probably understates how profoundly wage-price dynamics are changing:

Two things have happened over the last year. The first is that inflation in Japan has been quite a big media story. It would be very difficult to watch the day-to-day news without getting caught up in the inflation story.

The second thing is that high-street [retail] inflation has been essentially running at double the national rate. [In contrast to, for example, rent inflation near zero] if you’re someone shopping on the high street, you’ve seen something around 6 to 7 per cent inflation. So you’ve been feeling like prices have been rising . ;. . you don’t think, “Oh, my rent hasn’t gone up” as an important factor. You’re just looking at the price of flour and eggs and thinking, “Oh, God” …

Because major parts of Japanese household spending haven’t gone up, the headline rate isn’t as high. But the psychology the Japanese have had about inflation is probably worse than the peak in the US or the UK, because they haven’t experienced it for 30 or 40 years.

An inflation regime change would likely remake the country’s sluggish stock market: nominal profits, at long last, could expand. That would make the appeal of investing in Japan much clearer for global investors.
Posted at 29/8/2014 18:02 by snowydays
The bonus issue is only for subscription shares. They are a bit like warrants or options.

They give you the right to buy ordinary shares at 86p until April 2016. Since this is above the current price there is no dilution and the subscription shares have little value. Small investors might even find that selling their bonus shares will not cover dealing costs.
Posted at 28/8/2014 21:26 by slogsweep
HELLO anyone out there. I have held these for some time but am unsure what effect the bonus issue will have. Will I get 20% more shares but the price will fall by 20%, or is the dilution already in the price? Who would subscribe 80 odd p for the subscription shares when they can buy in the market for 73p? is the issue under written?
Posted at 25/1/2013 11:40 by chrisgail
For those whom have waited for this share and hence the warrants to respond to the Japanese market rise, well done.
Posted at 02/3/2012 12:40 by knowing
Differential between price and NAV widening. Should see the price move higher soon. Exchange rates also moving in the right direction.
Posted at 14/6/2011 16:09 by knowing
Should be another up day for FJV tomorrow looking at the futures
Fidelity Japan share price data is direct from the London Stock Exchange

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