Fidelity Japanese Values PLC Update research from QuotedData
27 July 2017 - 10:09PM
RNS Non-Regulatory
TIDMFJV
Fidelity Japanese Values PLC
27 July 2017
Fidelity Japanese Values plc - Update research from
QuotedData
27(th) July 2017
Reasons to be cheerful
Fidelity Japanese Values (FJV) has recovered strongly this year
as investors have refocused their attention on growth stocks (those
that tend to increase in capital value). Japanese corporate
earnings have recovered sharply from their low and while yen
strengthening, on the back of regional political events, is a
potential challenge, FJV's manager says that an uptick in the
global cycle has helped Japan to expand beyond its potential growth
rate.
The trust's manager, Nicholas Price, observes that the trend of
improving corporate governance continues (corporate governance is
the system of rules and practices by which a company is managed, it
needs to balance the interests of shareholders and other
stakeholders) and he believes that this is driving shareholder
returns to a record high. Nonetheless, with companies holding
considerable cash, he believes returns still have room to grow from
here and, in a climate of heightened concerns over valuations,
Japan compares favourably with other developed markets. FJV's 12.4%
discount also offers some comfort.
Full research:
http://quoteddata.com/2017/07/fidelity-closed-end-funds-review/
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