AJOT’s activist Japanese smaller companies strategy is performing. Over the last five years the fund has delivered a c105% return. Over the same period, the MSCI Japanese large and small cap indices have returned 52.9% and 41.6%, respectively. Their strategy is constructive and fully aligned with Japan’s ambitions to improve the quality of companies listed on the TSE. Whilst AJOT has had considerable success, the scale of the opportunity remains significant. Over 2,000 companies trade below 1x b ....
