31st Jul 2014 14:11
LONDON (Alliance News) - Fidelity Japanese Values PLC Thursday said it outperformed the Russell Nomura Mid/Small Cap Index (sterling adjusted) in the first-half.
During the six months ended June 30, the company's net asset value per share rose by 4.2%, compared with an increase of 0.9% in the Russell Nomura Mid/Small Cap Index.
Over the same period, the share price rose by 3.5%, resulting in a widening of the discount from 8.9% to 9.5%.
"Index performance, stock selection and gearing all contributed to performance. Furthermore, the yen's appreciation against sterling had a positive impact," according to the company's statement.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Fidelity Japan Trust