Aberdeen All Asia Investment Trust is looking to convert its investment policy to a Japan-only mandate and raise up to £100m through a new share issue.
The company says it intends to change the name of the company to Aberdeen Japan Investment Trust and will allow the company’s board to arrange an appropriate hedge for the company’s underlying Yen exposure back into Sterling.
New capital will be raised by the issue of up to £100m of ‘C’ shares at 100p per share.
The proposals are still subject to shareholder approval with a vote taking place on 7 October.
Aberdeen head of Japanese equities Chern-Yeh Kwok says: “The change of stance towards the economy from the Japanese government bodes well for investors and companies alike.
“Affirmative fiscal and monetary easing, coupled with structural economic reform, should lift the country and progressively reverse the economic stagnation with which we have become all too familiar.”