Information  X 
Enter a valid email address

Fidelity Japan Trust (FJV)

  Print      Mail a friend       Annual reports

Thursday 07 November, 2019

Fidelity Japan Trust

Edison issues review on Fidelity Japan Trust (FJV)

RNS Number : 6445S
Fidelity Japan Trust PLC
07 November 2019
 

 

London, UK, 7 November 2019

Edison issues review on Fidelity Japan Trust (FJV)

Fidelity Japan Trust (FJV) has performed particularly strongly versus its reference index so far in 2019, after a sharp decline in Q418. It has also done significantly better than the main Japanese index over both shorter and longer periods, as well as outperforming its peer group over one, three and five years to 31 October. Manager Nicholas Price, backed up by a large analyst team, focuses on unearthing attractive investment opportunities among less well-researched areas of the Japanese market, and has recently been finding compelling ideas in technology-related sectors such as semiconductors, where he sees good medium-term growth prospects and attractive valuations.

 

At 5 November 2019, FJV's shares traded at a 10.6% discount to cum-income NAV. While this is wider than the 12-month average discount of 9.8%, it is narrower than longer-term averages. Peer group valuations are polarised, with four of 10 funds across the AIC Japan and Japan Smaller Companies sectors between a 0.8% premium and a c 3% discount to NAV, while the others are on discounts of c 10-13%. However, FJV has notably outperformed the Japan peer group average over one, three and five years.

  
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

Mel Jenner, +44 (0)20 3077 5720

[email protected]

 

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 [email protected] or visit www.rns.com.
 
END
 
 
NRABRBMTMBMMBRL

a d v e r t i s e m e n t