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Fidelity Japan Trust PLC Interim Results Announcement 2021

Fidelity

Fidelity - Research team

The Company has announced Interim Results Announcement ended 30 June 2021.

Highlights:

  • The net asset value (“NAV”) of the Company increased by +2.3% for the six months ended 30 June 2021, outperforming the Reference Index, which returned +0.2%.
  • The Company’s share price return was +2.5%. This reflects the fact that the discount narrowed marginally to 6.6% from 6.8% at the start of the period.
  • The strong debut of one the Company’s unlisted securities, Coconala, was a significant contributor to performance. The Company continues to find new opportunities in unlisted shares.
  • An upswing in global growth alongside rising inflation expectations and a weaker yen is a favourable combination for corporate profits in Japan.

Please access the full results here.

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