'Consolidator' Nippon Active Value posts 6.7% rise to NAV total return for first half of 2023

Over the period, NAV total return grew by 6.7% while share price total return soared 23.2%, which also reflected a fall in its discount from 16.3% to 3.6%, the trust noted in its H1 2023 results today (31 August). Atlantis Japan Growth agrees merger with Nippon Active Value By comparison, the MSCI Japan Small Cap index in sterling terms only rose by 0.4% over the period, NAVF said. Since the trust's inception in February 2020, its NAV has increased by 53.4% and its share price has risen by 45.3%, compared to the index return of 8.5%. NAVF chair Rosemary Morgan attributed the pos...