The Company has announced its Half Yearly Results for the six months ending 30 June 2020.
- In a period of extraordinary global turmoil precipitated by the coronavirus pandemic, Fidelity Japan Trust PLC’s net asset value (“NAV”) increased by 2.3% in sterling terms, outperforming the Reference Index which returned -0.8% and the average of the peer group which returned 0.7%.
- As at 30 June 2020, the discount to NAV was 8.7% which compared well with the average of the peer group of 10.7%.
- Core holdings in internet services, medtech and factory automation related companies contributed to the Company’s outperformance against the Reference Index.
Please access the full half yearly report here.
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Annual General Meeting Portfolio Manager Presentation - May 2020
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The value of investments and the income from them can go down as well as up, so you may get back less than you invest. Past performance is not a reliable indicator of future returns. Fidelity Japan Trust PLC can use financial derivative instruments for investment purposes, which may expose it to a higher degree of risk and can cause investments to experience larger than average price fluctuations. Overseas investments will be affected by movements in currency exchange rates. Investments in smaller companies can carry a higher risk because their share prices may be more volatile than those of larger companies. Reference to specific securities should not be construed as a recommendation to buy or sell these securities and is included for the purposes of illustration only. Investors should note that the views expressed may no longer be current and may have already been acted upon. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.