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IN BRIEF: Schroder Japan half year net asset value rises

14th Apr 2023 14:14

Schroder Japan Growth Fund PLC - seeks growth via investing in Japanese stocks - Says net asset value return for the six months ended on January 31 is 5.3%, outperforming the TSE First Section Total Return index of 4.8%. NAV per share as at January 31 amounts to 237.77p, up 3.1% from 230.68p a year prior. Says the share price also produces a positive return of 6.0% during the period.

Schroder Japan says its term loan remains fully utilised when the revolving credit facility is undrawn. Looking ahead, says it enters 2023 in a "unique" position as it "lacks many of the widespread

challenges to economic growth that face many of its peers".

Current stock price: 207.00 pence each

12-month change: up 6.8%

By Xindi Wei, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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