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Atlantis Japan : AJG

Atlantis Japan : AJG

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Atlantis Japan Growth announced its interim results for the six months ended 31 October 2013. In NAV terms AJG outperformed its benchmark, the Topix, returning 5.1% vs. 2.9%. The manager believes the Tokyo market looks good value on a price / earnings and price / book basis. They also note that domestic investors have started buying equities. They are considering raising the gearing on the fund from the current level of 8.5% net to something in the 12% – 15% range.

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