CC Japan Income & Growth Trust has published inaugural results covering the period from its launch on 15 December 2015 to the end of April 2016. At the end of April the NAV was 103.92p and the share price 107.25p. On a total return basis the fund had outperformed the Topix Index, returning 3.9% against 3.6% for the Index. The Topix fell by 11.25% in local currency terms since listing but the yen has been surprisingly strong since the Bank of Japan moved to negative interest rate policy at the end of January.
There is not much information on the drivers of performance in the statement.
CCJI : CC Japan Income posts inaugural results