Atlantis Japan Growth Fund is set to merge with the Nippon Active Value Fund.
An announcement on the stock exchange today (August 11) said the merger will result in a larger company with more shareholders, expected to improve the liquidity of shares.
It follows the previously announced rollover of the Abrdn Japan Investment Trust plc assets into the Nippon Active Value Fund.
Rosemary Morgan, chair of the Nippon Active Value Fund said: "The proposed transaction will offer AJGF shareholders the opportunity to continue to have exposure to Japanese equities but now with the active management approach which provides the potential to unlock greater value in the Japanese market, whilst being part of a larger vehicle.
“We look forward to the transaction progressing and welcoming the AJGF shareholders to our company together with the AJIT shareholders, subject to successful completion."
Following completion of the transaction, it is expected that a director from the board of Atlantis will join the board of Nippon.
tara.o'connor@ft.com
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