Schroder Japan Growth has released its interim results covering the six months to the end of January 2014. Over that period the net asset value fell by 3.0%, slightly less than the 3.2% fall in the TSE First section Index. The discount widened slightly so the share price fell by 3.9%.
From 31 July 2014 Schroder Japan Growth intends to cut its management fees from 1% on the first £150m and 0.95% thereafter to 0.75% on the first £200m and 0.65% thereafter (charged on gross assets net of current liabilities). The manager will get a £50,000 market support fee.