November 17, 2016 - By Adrian Mccoy · 0 Comments
Japan Equity Fund Inc (NYSE:JEQ) institutional sentiment increased to 1.3 in Q2 2016. Its up 0.10, from 1.2 in 2016Q1. The ratio has improved, as 13 funds increased or opened new holdings, while 10 sold and decreased equity positions in Japan Equity Fund Inc. The funds in our partner’s database reported: 8.31 million shares, up from 8.15 million shares in 2016Q1. Also, the number of funds holding Japan Equity Fund Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 5 Increased: 11 New Position: 2.
Aberdeen Japan Equity Fund, Inc., formerly The Japan Equity Fund, Inc. , is a closed-end, diversified management investment company. The company has a market cap of $106.40 million. The Fund’s investment objective is to outperform over the long term, on a total return basis (including appreciation and dividends), the Tokyo Stock Price Index (TOPIX). It currently has negative earnings. The Fund invests in various sectors, including consumer staples, industrials, consumer discretionary, financials, materials, information technology, healthcare, chemicals, building products, automobiles, electronic equipment instruments and components, hotels, restaurants and leisure, household products, machinery, and telecommunication services.
The stock decreased 0.60% or $0.05 on November 16, hitting $7.82. Aberdeen Japan Equity Fund Inc (NYSE:JEQ) has risen 2.50% since April 15, 2016 and is uptrending. It has underperformed by 2.13% the S&P500.
Gramercy Funds Management Llc holds 1.36% of its portfolio in Aberdeen Japan Equity Fund Inc for 420,208 shares. 1607 Capital Partners Llc owns 2.50 million shares or 1.31% of their US portfolio. Moreover, Thomas J. Herzfeld Advisors Inc. has 1.21% invested in the company for 297,059 shares. The New York-based Karpus Management Inc. has invested 0.28% in the stock. City Of London Investment Management Co Ltd, a United Kingdom-based fund reported 373,726 shares.#img1#
The Japan Equity Fund, Inc. (the Fund), incorporated on July 12, 1990, is a diversified closed-end management investment company. The Fund’s investment objective is to outperform over the long term, on a total return basis (including appreciation and dividends), the Tokyo Stock Price Index (TOPIX), a composite market capitalization-weighted index of all common stocks listed on the First Section of the Tokyo Stock Exchange (TSE). The Fund invests substantially all of its assets in equity securities of companies listed on the TSE or listed on the over-the-counter market in Japan or listed on other stock exchanges in Japan.
More news for Aberdeen Japan Equity Fund Inc (NYSE:JEQ) were recently published by: Prnewswire.com, which released: “Aberdeen Japan Equity Fund, Inc. Announces Performance Data And Portfolio …” on October 21, 2016. Barrons.com‘s article titled: “Aberdeen CEO Is Still Bullish on Emerging Markets” and published on January 09, 2016 is yet another important article.
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By Adrian Mccoy