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AVI Japan Opportunity - Update research from QuotedData
15 Feb 2022
The tortoise triumphs
Within the AIC's Japanese smaller company sector, the period since AVI Japan Opportunity Trust (AJOT) was launched in October 2018 has resembled the fable of the tortoise and the hare. The majority of competing funds are invested in high growth stocks whose valuation multiples had been soaring. However, these have tumbled in recent weeks as investors fret about the prospect of interest rate rises. Meanwhile, AJOT has been steadily chalking up successes in unlocking value from a range of Japanese companies. It is now the best-performing Japanese smaller company trust over the period since it was launched. The manager points to the considerable latent value within AJOT's portfolio; it is confident of further uplifts to come.
In its December 2021 quarterly newsletter, the manager said that it had identified six high-conviction opportunities - three new and three existing positions - that it wanted to back with new money. AJOT is actively seeking to raise additional capital under its current placing authority (see page 13) to capture this opportunity.
Full research:
https://quoteddata.com/research/avi-japan-opportunity-tortoise-triumphs-qd/
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NB: Marten & Co was paid to produce this note on AVI Japan Opportunity Trust Plc and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the FCA. Marten & Co is not permitted to provide investment advice to individual investors.
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