I hadn’t noticed this trust is now on FT. I’d imagine it was added due to the merger with AJG and AJIT, two other Japan trusts. Now that this is £250m-plus in size, it’s much more investible to my mind.
The managers aim to:
provide shareholders with attractive capital growth through the active management of a focussed portfolio of quoted companies which have the majority of their operations in, or revenue derived from, Japan and that have been identified as being undervalued.
While it doesn’t have the longest track record, NAVF has done remarkably well compared to its competitors and benchmarks in recent years.
