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Aberdeen Asset Management assumes investment management for Japan Equity Fund

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Aberdeen Asset Management Asia Limited (AAMAL) has assumed investment management responsibility for The Japan Equity Fund. 

The Japan Fund is a closed-end investment company with total assets of USD107m (as of 31 October, 2013). 
 
Its investment objective is to outperform over the long term, on a total return basis (including appreciation and dividends), the Tokyo Stock Price Index (TOPIX).  
 
The fund seeks to achieve its investment objective by investing substantially all of its assets, but under normal circumstances at least 80 per cent of its assets, in equity securities of companies listed on the Tokyo Stock Exchange or listed on the over-the-counter market in Japan or listed on other stock exchanges in Japan. 
 
"We are delighted to welcome The Japan Fund into our extensive array of Asian closed-end funds available to North American investors," says Gary Marshall, chief executive officer of Aberdeen Asset Management Inc, an affiliate of AAMAL. "We believe that Japan is home to many quality companies that have weathered years of stagflation and economic woes. We are particularly excited about bringing Aberdeen's extensive due diligence efforts in the identification of what we believe to be quality Japanese companies to the fund's stockholders."

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