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Schroder Japan Growth : SJG – interim results and fee change

Schroder Japan Growth has released its interim results covering the six months to the end of January 2014. Over that period the net asset value fell by 3.0%, slightly less than the 3.2% fall in the TSE First section Index. The discount widened slightly so the share price fell by 3.9%.

From 31 July 2014 Schroder Japan Growth intends to cut its management fees from 1% on the first £150m and 0.95% thereafter to 0.75% on the first £200m and 0.65% thereafter (charged on gross assets net of current liabilities). The manager will get a £50,000 market support fee.

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