The AVI Japan Opportunity trust has dodged the wave of widening discounts hitting the investment trust sector, while its profits jumped significantly.
In its interim results for H1 2023 published today (15 September), the trust reported that it had ranged between a 6% discount to a 3.5% premium over the last six months. The trust currently sits at a 2.8% discount, according to data from the Association of Investment Companies. Meanwhile, its profits before tax jumped to £8.1m, compared to a £15.6m loss in the first half of 2022, leading its ordinary dividends per share to increase from 0.75p to 0.85p. Asset Value Investors boosts Japan team with analyst hire The trust's net asset value increased 5% over the six months, compared t...
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