The Japan Equity Fund, Inc. Announces Name Change

May 01, 2014, 10:15 ET from The Japan Equity Fund, Inc.

PHILADELPHIA, May 1, 2014 /PRNewswire/ -- The Board of Directors of The Japan Equity Fund, Inc. (the "Fund") (NYSE: JEQ), announced today that it has approved a name change of the Fund, effective May 1, 2014.  The Fund's change of name is designed to identify the Fund's investment manager more clearly and differentiate the Fund in a competitive market. The Fund's investment objective and ticker will remain the same. The name change is as follows:

Current Fund Name


New Fund Name


The Japan Equity Fund, Inc.


Aberdeen Japan Equity Fund, Inc.


Aberdeen's U.S. closed-end fund family provides access to the world's emerging markets, specific regions, or particular countries. Each fund benefits from Aberdeen's diligent company research process and disciplined portfolio construction. In addition to ranking as one of the largest pure stand-alone asset management houses investing in the Asia-Pacific region, Aberdeen Asset Management is the largest manager of emerging market closed-end funds offered around the world by both value and number.1

For more information about Aberdeen's closed-end funds, please visit Aberdeen's Closed-End Fund Investor Center at

Important Information Aberdeen Japan Equity Fund, Inc. is a closed-end management investment company that seeks to outperform over the long term, on a total return basis (including appreciation and dividends), the Tokyo Stock Price Index, a composite market-capitalization weighted index of all common stocks listed on the First Section of the Tokyo Stock Exchange.  The Fund's shares are traded on the New York Stock Exchange under the trading symbol "JEQ".

International investing entails special risk considerations, including currency fluctuations, lower liquidity, economic and political risks, and difference in accounting methods; these risks are generally heightened for single country funds.

Closed-end funds generally make a one-time initial public offering and then are subsequently traded on the secondary market through one of the stock exchanges. The investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the NAV of the fund's portfolio. There is no assurance that a fund will achieve its investment objective. Past performance does not guarantee future results.

Aberdeen Asset Management is the marketing name in the U.S. for the following affiliated, registered investment advisers: Aberdeen Asset Management Inc., Aberdeen Asset Managers Limited, Aberdeen Asset Management Limited and Aberdeen Asset Management Asia Limited (collectively, the "Aberdeen Advisers"). Each of the Aberdeen Advisers is wholly owned by Aberdeen Asset Management PLC.

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1 Fund Consultants LLC, February 2014. Based on analysis of emerging market closed-end funds offered in multiple jurisdictions as of December 31, 2013; data provided by Morningstar Inc. Closed-end funds are defined as investment companies that are 1) listed on a recognized exchange; 2) possess fixed share capital; 3) were formed via subscriptions from the public via an open offer or placement; 4) invest in listed or unlisted shares of companies and; 5) included in the universe of funds listed in Morningstar Traded Fund Center. Criteria for inclusion in the emerging markets category is based on the World Bank's definition of emerging countries as measured by lower and middle income per capita. Criteria for fund inclusion is 1) at least 75% of gross assets invested in emerging markets; 2) funds with under 25% exposure to Asian developed markets.

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SOURCE The Japan Equity Fund, Inc.