Nippon Active Value fund (NAVF) has proposed changes to its investment policy following the rollover of assets from the abrdn Japan investment trust and the Atlantis Japan Growth fund.
In a shareholder letter on 1 September, the trust set out the changes it intends to make to its investment policy, as NAVF is set to increase considerably in size following the rollover of the assets of the two other trusts. If approved by shareholders at the general meeting on 20 September, the trust will not be "constrained" by any index benchmark in its asset allocation, it said, and it will not have any set limits on sector weightings or stock selection within its portfolio. 'Consolidator' Nippon Active Value posts 6.7% rise to NAV total return for first half of 2023 The trust ...
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