Asset Value Investors launches open-ended version of £200m Japan Opportunity trust

Also run by CEO and CIO Joe Bauernfreund

Asset Value Investors has launched the open-ended offering of its £200m Japan Opportunity trust, which focuses on Japanese small-cap equities.

The AVI Japanese Special Situations fund, which will have a Dublin UCITS structure, with bottom-up and "research-driven approach" to engage with companies. As with the AVI Japan Opportunity trust, launched in 2018, CEO and CIO Joe Bauernfreund will manage the strategy, supported by a Japan-dedicated research team of six.  AVI Japan Opportunity trust dodges widening discount trend as profits rise The strategy will be benchmarked against the MSCI Japan Small Cap index and invest in 25-35 companies. The annual management fee is 1%. "As well as a 40-year track record in global equit...