abrdn Japan investment trust NAV falls 7.5% in period of 'uphill struggle'

Discount up to 17.8%

abrdn Japan investment trust has reported its net asset value fell 7.5% in the six months to the end of September, during a period it described as “an uphill struggle”.

This compared to an increase of 10.1% a year ago. The trust also underperformed its benchmark, which was down 5.5%. Share price total return for the six month period was -14.3%, while a year ago it was up by 12.1%. In the year to the end of September, the share price total return was down 31.9%. Price per share was 535p, compared to 635p at the end of March. Dividend per share was 5p, down from 6p for the same period a year ago. The discount to NAV for the six months to the end of September was 17.8%. At the end of March it had been 11%. abrdn shutters Eastern European fund I...