21st Oct 2020 14:16
Schroder Japan Growth Fund PLC - investment trust - For the year to the end of July, net asset value negative return was 11.7%, compared to a negative return of 6.1% from the Tokyo Stock Exchange First Section index. As at July 31, net asset value per share was 189.24 pence, down 13% from 219.04p. Will pay a final dividend of 4.90p, up 4.3% from 4.70p paid the prior year.
"Within Japan's negative interest rate environment, defensive sectors, with steady growth rates, continued to perform relatively well in the first half of the period and these trends accelerated dramatically in February and March triggered by the initial global spread of Covid-19. At the same time, economically sensitive, or cyclical, areas and stocks with low valuations fell more sharply than the overall market," said Schroder Investment Management Ltd.
Current stock price: 179.00 pence
Year-to-date change: down 8.9%
By Dayo Laniyan; [email protected]
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