Atlantis switches to sterling to join FTSE All Share Index

Japan Growth fund to redenominate allowing shares to be included in FTSE All Share

The £134m Atlantis Japan Growth fund is to redenominate its shares into sterling from US dollars in a bid to make the trust more attractive to UK investors. The change in denomination will allow the shares to be included on FTSE All Share Index. In addition, each ordinary share will be divided into 10 units. Atlantis says: “The board of the Atlantis Japan Growth fund believes the admission of the shares to indices such as the FTSE All Share Index will further improve the marketability of the shares, as well as increase demand from products such as index trackers.” The board hopes i...