24th Jul 2023 09:56
Alliance Trust PLC - FTSE 250-listed investment trust that aims for long-term capital growth and income from investing in global equities - Portfolio will move to a marginal overweight position on Japan, relative to its benchmark, as investment manager Willis Towers Watson appoints Japan specialist Dalton Investments LLC a stock picker. Dalton will be allocated 4% of the capital of the fund and will take its number of stock pickers up to ten.
"Dalton is a value-focused, employee-owned manager that looks to exploit mispricing opportunities in the most under-researched companies in Japan, which generally steers its focus to small and mid-cap companies," Alliance Trust says.
The Tokyo stock market has been one of the best performers globally in 2023 so far. The Nikkei 225 is up 27% in the year to date.
Current stock price: 1,034.80 pence, down 0.1%
12-month change: up 8.8%
By Tom Waite, Alliance News editor
Comments and questions to [email protected]
Copyright 2023 Alliance News Ltd. All Rights Reserved.