Japan Income and Growth delivers negative return despite beating the benchmark

Trading at a discount of 9.8%

clock • 2 min read
The trust is managed by Richard Aston from Coupland Cardiff Asset Management.
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The trust is managed by Richard Aston from Coupland Cardiff Asset Management.

The Japan Income and Growth trust outperformed its benchmark in the first half of the financial year but did not manage to prevent a negative share price total return in a "challenging" period for Japanese equities.

According to the company's half-yearly financial report ending on 30 April 2022, the Tokyo Stock Exchange Price Index (TOPIX) total return fell 7.8% over the period, while the trust's share price total return fell by 3.7%.  The trust, managed by Richard Aston at Coupland Cardiff, delivered a share price total return of 24% for the same period in 2021, while the TOPIX returned 8.8%. "Another Covid-19 lockdown to tackle the Omicron variant during the first half of our financial year further delayed the reopening of the domestic economy," said chair Harry Wells.  "Given these conditio...

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