Aberdeen Japan Investment Trust PLC
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Investor Warning

Please be aware of scams that can affect investors.

Read our investor warning

 

NMPI Status

The Company currently conducts its affairs so that securities issued by Aberdeen Japan Investment Trust PLC can be recommended by financial advisers to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream pooled investment products (NMPIs) and intends to continue to do so for the foreseeable future.

The Company’s securities are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are securities in an investment trust.

 

Pre-investment Disclosure Document (PIDD)

The Alternative Investment Fund Manager Directive (“AIFMD”) requires Aberdeen Fund Managers Limited, as the alternative investment fund manager of Aberdeen Japan Investment Trust PLC, to make available to investors certain information prior to such investors’ investment in the Company.

The AIFMD is intended to offer increased protection to investors in investment products that do not fall under the existing European Union regime for regulation of investment products known as “UCITS”.

Read the PIDD for Aberdeen Japan Investment Trust

 
 

Risk Warning

The value of investments and the income from them may go down as well as up and investors may get back less than the amount invested. The tax benefits relating to ISA investments may not be maintained. Please refer to the Key Facts documents contained in the ISA/Share Plan Brochure & Application form for general and specific investment risks attaching to the individual trusts.

Read the detailed Risk Warning
 

Past Performance

Past performance is not a guide to future results.
See latest monthly factsheet below for performance history.

 
 

Daily Data

At close 20-Aug-2014

Ord
Price380.00p
NAV421.32p
Prem/-Disc-9.81%


Source: Morningstar, NAV = Net Asset Value, excluding income.

 
 
 
 
 

Trust Details

Aberdeen Japan Investment Trust PLC (formerly Aberdeen All Asia Investment Trust PLC)

Registered Office:
Bow Bells House
One Bread Street
London
EC4M 9HH

Registered in England as an Investment Company Number 3582911

 

Aberdeen Japan Investment Trust PLC

Objective

To achieve long-term capital growth principally through investment in listed Japanese companies which are believed by the Investment Manager to have above average prospects for growth.

 
 

Aberdeen Japan Investment Trust PLC, Annual Report for year ended 31 March 2014
Flavia Cheong, Investment Director

In this webcast Flavia Cheong gives an update on a wide range of subjects including performance, a sector breakdown, the twenty largest investments and an outlook for the Trust.

Click here to listen to the presentation.

 
 

The Company’s investment mandate was changed on 7 October 2013 following approval by Shareholders. The new investment objective is to achieve long-term capital growth principally through investment in listed Japanese companies which are believed by the Investment Manager to have above average prospects for growth. The new investment policy also provides for the underlying Yen net exposure to be appropriately Sterling hedged at levels to be determined from time to time by the Board in consultation with the Investment Manager.

The Company’s new name is Aberdeen Japan Investment Trust PLC.

Further details are provided in the announcement attached below.

Announcement
 
 

 

Manager's Monthly Report

July 2014

Market Review

Economic data were largely disappointing. Exports fell in June, widening the trade deficit. May machinery orders saw their largest monthly decline since 2005. As well, the Bank of Japan (BoJ) pared its growth outlook after household spending took a bigger-than-expected dip following the consumption tax hike in April.

Portfolio Review

There were no major changes to the portfolio in July.

Our holdings reported earnings that either met or exceeded our expectations. Notably, Shin-Etsu Chemical’s silicones, silicon wafer and electronic & functional materials segments saw healthy sales and profit growth helped by solid demand and pricing conditions, which offset weakness in the PVC segment where profits were hurt by higher raw material costs. Canon benefited from product mix improvements and cost cuts. FANUC was helped by good results and a rising order book, driven by a surge in smartphone-related capital expenditure. Nabtesco benefited from robust demand in the automation and railway businesses, particularly in China. Similarly, Keyence continued to impress with its successful business expansion overseas. Seven & i’s earnings were lifted by its higher-margin private brand products.

In other corporate news, we are upbeat about KDDI’s joint venture with Sumitomo. to operate a mobile network in Myanmar, where mobile penetration is low. KDDI will take a 50.1% stake in the venture.

Outlook


Source: Monthly Factsheet Aberdeen Asset Managers Limited