Fund Research

Aberdeen Japan

Last update 04 December 2018
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Aberdeen Standard Investments is a client of Kepler Trust Intelligence. Material produced by Kepler Trust Intelligence should be considered as factual information only and not an indication as to the desirability or appropriateness of investing in the security discussed.

Please see the important information by following this link or at the bottom of the page.

Investment objective

To achieve long-term capital growth principally through investment in listed Japanese companies which are believed by the Investment Manager to have above average prospects for growth.

Group/Investment

Aberdeen Japan

Ticker

AJIT

Management Company

Aberdeen Asset Management (Part of Aberdeen Standard Investments)

Manager Name

Chern-Yeh Kwok;Flavia Cheong;Hugh Young;Adrian Lim;Keita Kubota;

Association of Investment Companies (AIC) Sector

Japan

12 Mo Yield

0.8%

Dividend Distribution Frequency

Annually

Latest Market Capitalisation

£81,501,600

Latest Net Gearing (Cum Fair)

11%

Latest Ongoing Charge Ex Perf Fee

1.18%

Turnover Ratio

29.1%

Shares Outstanding

 14,619,121

Discount (Cum Fair)

-12.4%

Daily Closing Price

540p

Aberdeen Japan aims to generate long-term capital growth from a concentrated portfolio of Japanese stocks.

The trust is managed by the Aberdeen Asian Equities Team, who look for stocks with high quality management and good or improving corporate governance as well as strong financial characteristics which suggest they should be able to generate above-market growth over the long run.

The trust’s style has been out of favour in recent years, and this has resulted in it sinking to a discount of 12.5%, significantly wider than the peer group average and at a level the board have been active with buybacks.

Key themes in the portfolio are automation and robotics as well as pharmaceutical innovation, areas in which Japanese companies are among the world’s leaders.

The trust is also benefitting from increasing corporate governance reform in Japan supported by a drive by the government, which is hoping to thereby boost economic productivity and growth.

The trust only pays out the minimum dividends necessary to retain investment trust status which means payouts are low and volatile; the yield is currently 1%.

Important Information

Aberdeen Standard Investments is a client of Kepler Trust Intelligence. Material produced by Kepler Trust Intelligence should be considered as factual information only and not an indication as to the desirability or appropriateness of investing in the security discussed.

Please see the important information by following this link or at the bottom of the page.

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