Atlantis Japan Growth Fund (LSE: AJG)

Currency in GBP

Last close As at 27/09/2023

GBP1.74

−0.50 (−0.29%)

Market capitalisation

GBP71m

Atlantis Japan Growth Fund (AJG) aims to achieve long-term capital growth through investment wholly or mainly in listed Japanese equities. All investments are currently in Japanese equities of varying market caps.

Latest Insights

View More

Equity Analyst

Joanne Collins

Joanne Collins

Analyst, Investment Trusts

Key Management

  • Henry Pollard

    UK Business Development

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 0.9 2.4 2.7
Relative (2.5) 0.1 (4.7)
52 week high/low 190.0p/156.0p

Overview

The Atlantis Japan Growth Fund (AJG) board has announced that it has agreed heads of terms for a proposed combination of its assets with those of Nippon Active Value Fund (NAVF). The proposal is intended to address AJG’s relatively small size – current assets under management (AUM) total c £78m ¬– and follows recent disappointing relative performance. The combination, which is subject to the approval of the shareholders of both AJG and NAVF, offers AJG shareholders ongoing exposure to the attractive investment opportunities available in the Japanese market, especially among cash-rich smaller companies. They may also benefit from the expertise of NAVF’s managers. NAVF has been the top-performing Japanese fund since its inception in February 2020 and its managers have over 30 years’ experience as active managers in this market. The proposal also includes the option for AJG’s shareholders to realise a portion of their cash if desired. The enlarged NAVF will offer all shareholders greater liquidity, as well as a likely reduction in ongoing costs.

Further insights

insight

Japanese equities

Analyst of the week

Robert Murphy

Managing Director, Financials and Investment Trusts

Read latest

Thematics

thematic

Investment Companies

European equities

thematic

Investment Companies

Listed Private Equity

thematic

Investment Companies

Vietnamese equities: Due a comeback?

thematic

Consumer

IPO apocalypse

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free