StockMarketWire.com - Schroder Japan Growth Fund has reported that the Company's net asset value and share price reached the highest levels in its history.

The Company's NAV outperformed the TSE First Section Total Return Index, producing a total return of 20.4%, compared with 16.8% produced by the Index.

The Company said this performance was largely due to a buoyant local market (which rose 25.1% in local currency terms, albeit partially offset by the weak yen which affected sterling returns) and outperformance of the market by its Manager.

The share price also performed strongly, producing a total return of 22.4% over the period, as the discount narrowed from 10.7% to 9.5%.

Revenue return per share continued to grow, increasing by 16.0% to 3.62p.

The Directors have declared a final dividend for the year ended 31 July 2017 of 3.50p per share, representing an increase of 25.0% over the final dividend paid in respect of 2016.

This dividend will be paid on 6 November 2017 to shareholders on the Register on 13 October 2017, subject to approval by shareholders at the Annual General Meeting on 2 November 2017.




At 2:10pm: [LON:SJG] Schroder Japan Growth Fund Plc share price was +2.63p at 207.13p



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