Overview
AVI Japan Opportunity Trust is an investment trust established to provide shareholders with capital growth through investing in undervalued cash-rich and over-capitalised smaller (smaller cap) Japanese equities (companies). AVI will leverage its three decades of experience investing in asset-backed companies to engage with management and help to unlock value in this under-researched area of the market, encouraging them to follow the spirit of The Corporate Governance Code.
Investment objective
The investment objective of AVI Japan Opportunity Trust is to provide shareholders with capital growth in excess of the MSCI Japan Small Cap Index, through the active management of a focused portfolio of equity investments listed or quoted in Japan which have been identified by the investment manager as undervalued and having a significant proportion of their market capitalisation held in cash, listed securities and/or realisable assets.
We have written notes that explain how the trust works:
- Pushing on an opening door, published on 6 August 2024
- The sun has risen, published on 20 February 2024
- Good governance, better returns, published on 19 July 2023
- Maintaining its firepower, published on 21 October 2022
- The tortoise triumphs, published on 15 February 2022,
- Progress on a number of fronts, published on 20 July 2021,
Their website is found here.
AVI Japan Opportunity Trust : AJOT
You can view our interviews with the company’s Fund Managers below:
28th October 2022: Joe Bauernfreund – Weekly Show
Fundamentals
Price
Research History
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06 Aug 2024
AVI Japan Opportunity - Pushing on an opening door
Pushing on an opening door AVI Japan Opportunity Trust (AJOT) has outperformed its MSCI Japan Small Cap benchmark by 38 percentage points since launch. This appears to demonstrate the success of its efforts to promote good corporate governance within the stocks in its portfolio. The manager says that Japanese corporates have become less resistant to […]
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06 Aug 2024
AVI Japan Opportunity - Pushing on an opening door
Pushing on an opening door The scale of the outperformance delivered by AVI Japan Opportunity Trust (AJOT) versus its MSCI Japan Small Cap benchmark is impressive (38 percentage points since launch) and demonstrates the success of its efforts to promote good corporate governance within the stocks in its portfolio. The manager says that Japanese corporates […]
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06 Aug 2024
AVI Japan Opportunity - Pushing on an opening door
Pushing on an opening door The scale of the outperformance delivered by AVI Japan Opportunity Trust (AJOT) versus its MSCI Japan Small Cap benchmark is impressive (38 percentage points since launch) and demonstrates the success of its efforts to promote good corporate governance within the stocks in its portfolio. The manager says that Japanese corporates […]
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20 Feb 2024
AVI Japan Opportunity - The sun has risen
AVI Japan Opportunity Investment companies | Annual Overview | 20 February 2024 The sun has risen 2023 has been a particularly noteworthy year for Japan, defined by impressive share price returns (at least in yen terms) and substantial progress in its path to improving corporate governance. The Tokyo Stock Exchange has implemented a series of […]
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20 Feb 2024
AVI Japan Opportunity - The sun has risen
AVI Japan Opportunity Investment companies | Annual overview | 20 February 2024 The sun has risen 2023 has been a particularly noteworthy year for Japan, defined by impressive share price returns (at least in yen terms) and substantial progress in its path to improving corporate governance. The Tokyo Stock Exchange has implemented a series of […]
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20 Feb 2024
AVI Japan Opportunity - The sun has risen
AVI Japan Opportunity Investment companies | Annual overview | 20 February 2024 The sun has risen 2023 been a noteworthy year for Japan, defined by strong share price returns (at least in yen terms) and progress in its path to improving corporate governance. The Tokyo Stock Exchange has implemented a series of new efforts to […]
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08 Dec 2023
Interview with Joe Bauernfreund from AVI Japan Opportunity Trust
In this week’s show, James Carthew spoke to Joe Bauernfreund from AVI Japan Opportunity Trust If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news, click here. If there is a guest speaker you’d particularly like to hear from, please email us on [email protected]. Additionally, if you would […]
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19 Jul 2023
AVI Japan Opportunity - Good governance, better returns
AVI Japan Opportunity Investment companies | Update | 19 July 2023 Good governance, better returns The team behind AVI Japan Opportunity (AJOT) continues to champion the tenets of good corporate governance and shareholder alignment. On this front, it recently made some positive progress at NC Holdings AGM. The benefits that it can accrue through improved […]
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19 Jul 2023
AVI Japan Opportunity - Good governance, better returns
AVI Japan Opportunity Investment companies | Update | 19 July 2023 Good governance, better returns The team behind AVI Japan Opportunity (AJOT) continues to champion the tenets of good corporate governance and shareholder alignment. On this front, it recently made some positive progress with one of its investments – NC Holdings – where it put […]
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19 Jul 2023
AVI Japan Opportunity - Good governance, better returns
AVI Japan Opportunity Investment companies | Update | 19 July 2023 Good governance, better returns The team behind AVI Japan Opportunity (AJOT) continues to champion what they believe are the tenets of good corporate governance and shareholder alignment. On this front, it recently made some positive progress at NC Holdings AGM. The benefits that it […]
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06 Apr 2023
QuotedData's Economic and Political Monthly Roundup April 2023
Economic and Political Monthly Roundup Investment companies | Monthly | April 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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28 Oct 2022
Interview with Joe Bauernfreund from AVI Japan Opportunity
In this week’s show, James Carthew talked to Joe Bauernfreund of AVI Japan Opportunity. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news, click here. If there is a guest speaker, you’d particularly like to hear from, please email us. Additionally, if you would prefer to […]
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21 Oct 2022
AVI Japan Opportunity - Maintaining its firepower
Maintaining its firepower As we show in this note, AVI Japan Opportunity Trust (AJOT) is delivering returns well ahead of comparable indices (page 13) and competing funds (page 17). Perhaps encouraged by these good returns, AJOT’s shares have been tending to trade close to NAV. In light of this, the board, following consultation with major […]
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21 Oct 2022
AVI Japan Opportunity - Maintaining its firepower
Maintaining its firepower Over the period since it launched, AVI Japan Opportunity Trust (AJOT) has delivered returns well ahead of comparable indices and competing funds. Perhaps encouraged by these good returns, AJOT’s shares have been tending to trade close to NAV. In light of this, the board, following consultation with major shareholders, felt able to […]
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21 Oct 2022
AVI Japan Opportunity - Maintaining its firepower
Maintaining its firepower AVI Japan Opportunity Trust (AJOT) is delivering returns well ahead of comparable indices and competing funds. Perhaps encouraged by these good returns, AJOT’s shares have been tending to trade close to NAV. In light of this, the board, following consultation with major shareholders, was able to dispense with the 2022 exit opportunity […]
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06 Oct 2022
QuotedData's Economic and Political Monthly Roundup October 2022
Economic and Political Monthly Roundup Investment companies | Monthly | October 2022 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to […]
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15 Feb 2022
AVI Japan Opportunity - The tortoise triumphs
The tortoise triumphs Within the AIC’s Japanese smaller company sector, the period since AVI Japan Opportunity Trust (AJOT) was launched in October 2018 has resembled the fable of the tortoise and the hare. The majority of competing funds are invested in high growth stocks whose valuation multiples had been soaring. However, these have tumbled in […]
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15 Feb 2022
AVI Japan Opportunity - The tortoise triumphs
The tortoise triumphs Within the Japanese smaller company sector, the period since AVI Japan Opportunity Trust (AJOT) was launched in October 2018 has resembled the fable of the tortoise and the hare. The majority of competing funds are invested in high growth stocks whose valuation multiples had been soaring but have tumbled in recent weeks. […]
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15 Feb 2022
AVI Japan Opportunity - The tortoise triumphs
The tortoise triumphs Within the Japanese smaller company sector, the period since AVI Japan Opportunity Trust (AJOT) was launched in October 2018 has resembled the fable of the tortoise and the hare. The majority of competing funds are invested in high growth stocks whose valuation multiples had been soaring but have tumbled in recent weeks. […]
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20 Jul 2021
AVI Japan Opportunity trust - Progress on a number of fronts
AVI Japan Opportunity Trust (AJOT) is not yet three years old, but its investment manager, Asset Value Investors (AVI), believes that it is making great strides in its various campaigns to improve shareholder value across a select group of Japanese companies. AVI says that the value opportunity presented by the Japanese market is considerable, and […]
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20 Jul 2021
AVI Japan Opportunity Trust – Progress on a number of fronts
Progress on a number of fronts AVI Japan Opportunity Trust (AJOT) is not yet three years old, but it is making great strides in its various campaigns to improve shareholder value across a select group of Japanese companies. The value opportunity presented by the Japanese market is considerable, and this is true for smaller companies […]
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20 Jul 2021
AVI Japan Opportunity Trust - Progress on a number of fronts
AVI Japan Opportunity Trust (AJOT) is not yet three years old, but it is making great strides in its various campaigns to improve shareholder value across a select group of Japanese companies. The value opportunity presented by the Japanese market is considerable, and this is true for smaller companies and value-style stocks in particular. Many […]
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06 Aug 2020
Covid - 19 Impact on Markets webinar playback
On the 20th July QuotedData hosted a webinar entitled “Covid-19 – Impact on Markets”. The webinar provided both professional and private investors access to 3 investment company managers covering either specific geographic regions or investment sectors. The managers discussed their funds and shared their views on the potential changes for their investment area following the pandemic […]
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07 Apr 2020
QuotedData’s Economic Roundup – April 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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10 Mar 2020
QuotedData’s Economic Roundup – March 2020
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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07 Oct 2019
QuotedData’s economic roundup – October 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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08 May 2019
QuotedData’s investment companies roundup – May 2019
Investment Companies Roundup New research Over April, we published notes on Henderson Diversified Income, Ecofin Global Utilities and Infrastructure, Jupiter Emerging and Frontier Income, Seneca Global Income & Growth and Polar Capital Global Financials Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was […]
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13 Nov 2018
QuotedData's investment companies roundup - November 2018
QuotedData’s investment companies roundup – November 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2018. Kindly sponsored by Baillie Gifford. Winners and losers in October In what was generally a miserable month for equity markets, Brazil shone […]
In The Press
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20 Dec 2018
2018 new issue review
2018 new issue review – QuotedData’s James Carthew talks to Citywire’s Jen Hill about 2018’s clutch of new issues Investors were given an eclectic mix of opportunities within alternatives, in contrast to recent years when high-yielding propositions drove the vast majority of launches. The return of private equity and private equity like strategies – Augmentum […]
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02 Oct 2018
Investment Trust Insider : Breath-taking range of new trust launches
Investment Trust Insider : Breath-taking range of new trust launches James Carthew, head of investment company research at QuotedData and Investment Trust Insider columnist wrote the following article: Investment Trust Insider : Breath-taking range of new trust launches The scale of fund raising being attempted in the investment companies sector at the moment might be unprecedented. Previous […]