29th May 2015 09:29
LONDON (Alliance News) - Aberdeen Japan Investment Trust PLC on Friday said it beat its benchmark in the year to the end of March, the first full-year since its shift to a Japan-only mandate.
The company's net asset value total return in the year was 46.6%, compared to a 26% return on the TOPIX index. Its share price total return in the year was 58.2%, helped by a narrowing discount, against a 44.4% return for its Japan-only investment trust peer group.
Japan was among the best performing markets in Asia Pacific in the year, and the trust said its hedge position worked in its favour as the yen weakened.
Shares in the trust were up 0.2% to 511.80 pence on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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