Update from QuotedData

AVI Japan Opportunity Trust PLC

20 July 2023

 

 

AVI Japan Opportunity - Update from QuotedData

19^th July 2023

Good governance, better returns

The team behind AVI Japan Opportunity (AJOT) continues to champion the tenets of good corporate governance and shareholder alignment. On this front, it recently made some positive progress with one of its investments - NC Holdings - where it put forward some resolutions at that company's annual general meeting (AGM).

The benefits that it can accrue through improved corporate governance complement an attractive-valued Japanese equity market, which is increasingly attracting the attention of foreign investors. The missing piece of the puzzle is the weakness of the Japanese currency, the Yen, which has weighed on the sterling value of AJOT's portfolio. If that changes, AJOT could really sparkle.

Whilst there has been a handful of new additions to AJOT's portfolio, there has been an overall reweighting of the portfolio towards higher-quality stocks, reducing exposure to some 'deeper value, lower quality' names that have sometimes dragged on performance.

Thanks to its idiosyncratic tailwinds, AJOT has been able to generate enviable outperformance of peers and index benchmarks over the long term, as well as command strong demand for its shares, with the trust's share price continuing to trade close to its NAV.

Full Research:

https://quoteddata.com/research/avi-japan-opportunity-good-governance-returns-qd/

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NB: Marten & Co was paid to produce this note on AVI Japan Opportunity Trust Plc and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

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