Capitalising on recovery in Japan

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Murray Johnstone is looking to raise debt cheaply in its forthcoming Japan Growth & Income fund by g...

Murray Johnstone is looking to raise debt cheaply in its forthcoming Japan Growth & Income fund by going to the Japanese market where rates are close to zero. The Guernsey-based closed-end investment company, which is in the middle of its launch period, will be aiming to yield 8%pa. The underlying portfolio is being run by three of Murray Johnstone's fund managers including Graeme Sinclair, head of Japan equities. The portfolio will be geared to give a capital structure of 55% ordinary shares and 45% bank debt. The money raised through borrowing will be used to buy stocks for the Japanese ...

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