Update research from QuotedData

RNS Number : 0100Z

Fidelity Japanese Values PLC

23 May 2016

 

Fidelity Japanese Values - Update research from QuotedData

23^rd May 2016

Improved performance and liquidity

Nicholas Price has been in place as manager of the Fidelity Japanese Values (FJV) portfolio for eight months and already he is building a track record of outperformance of FJV's benchmark. However, despite superior performance, this has been accompanied by a widening of FJV's discount, in common with many of its peers. Fidelity believes that if outperformance can be sustained, this, coupled with the increased liquidity in FJV's shares following the successful exercise of its subscription shares, could help attract new investors to the fund and potentially narrow the discount.

At the end of April 2016, FJV issued 22.5m shares as its subscription shares were exercised, expanding the company by almost 20%.

Full research:

http://quoteddata.com/2016/05/fidelity-closedend-funds-review/

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