Shareholders have voted to replace existing board with three new directors
The GT Japan investment trust is set to wind up and offer investors a cash exit or access to a range of vehicles run by Invesco Perpetual. It follows an EGM on 16 July at which shareholders voted to remove the existing board and replace it with three new directors committed to pushing through the changes. Earlier this year, the original board removed Invesco as manager of the trust and replaced it with Sloane Robinson. Over three years, the trust underperformed the sector average by 40% and, in Invesco's final year with the fund, it underperformed the Topix Index by 31%. At last week'...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes