Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Atlantis Japan Growth Fund Ltd - Guernsey-based investment firm focused on long-term capital growth from listed Japanese equities - Underperforms its benchmark TOPIX Total Return index in its financial year as market sentiment remains uncertain.
Net asset value total return during year ended April 30 is down 21% to a year ago, compared to its benchmark being down 5.0%. Net asset value per share at April 30 falls to £0.11 from £0.14 a year ago. Company turns to a pretax loss of £23.7 million from a profit of £22.5 million.
Says that Japan's economy is more resilient than other developed economies. Adds that its focus on long-term growth ‘places it in a strong position to benefit from exposure to growth-orientated businesses, companies with sustainable competitive advantages and that have strong free cash flow. This will help drive long-term performance of the company.’
Current stock price: 161.00 pence, down 1.5% on Wednesday
12-month change: down 34%
Copyright 2022 Alliance News Limited. All Rights Reserved.