Baillie Gifford Japanese B Acc

Japanese Equities

Rated Fund 2014-15, 2018. Identifies leading global businesses

This fund is the open-ended sister to the Baillie Gifford Japan investment trust. We have introduced it for 2018 on the basis that it is well-suited to investors who want to tap into the experience of its Japanese equities team without either paying a premium or taking the added risk of gearing. It is run by Sarah Whitley and Matthew Brett. Brett will assume full portfolio management responsibilities when Whitley retires in April 2018. As Baillie Gifford's investment style is team-based, we believe this fund will be run in the same manner.

The fund seeks to identify companies — typically 50 to 60 — with potential to grow over the long term. It has a greater weighting towards large companies than the trust.

The managers say that, in contrast to other major markets, growth often commands little or no valuation premium in Japan, so they look to identify leading global businesses that trade on a substantial discount to their peers. Key factors that drive overall stock selection include a competitive advantage, robust finances and strong management alignment with shareholders.

The fund tends to perform well when high-growth companies do well, particularly those in the consumer-facing and technology sectors. Picking the right companies within these areas has led to strong outperformance.

Wealth manager Rowan Dartington has used this fund for the past five years, especially when the investment trust is trading at a premium. Investment director Tim Cockerill says: 'Bottom-up, growth-orientated and long-term, the Baillie Gifford Japanese strategy has paid off very well'.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
Baillie Gifford Japanese B Acc
Manager
Baillie Gifford & Co Limited.
Type
Open Ended Investment Company
ISIN
GB0006011133
Sector
Japan
Launched
08/10/1984
OCF
0.63 %
Risk Rating
4
3 Year Sharpe
1.39
3 Year Alpha
4.23
Yield
0.8 %
Benchmark
TOPIX TR JPY
The objective is to produce attractive capital growth over the long term through investment in Japan in any economic sector, but with the ability also to invest up to (but no more than) 10% in value of the Fund in each of the investment schemes and deposits.
Name
Baillie Gifford & Co Limited.
Address
EH1 3AN, Edinburgh, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Matthew Brett
Joined 06/01/2008

Matthew graduated BA (Hons) in Natural Sciences (Psychology) from the University of Cambridge in 2000 and holds a PhD in Psychology from Bristol University. He joined Baillie Gifford in 2003 and is an Investment Manager in the Japanese Equity Team. Matthew is a co-manager of the Japanese All cap strategy and is a CFA Charterholder.

Matthew Brett
Joined 06/01/2008

Matthew graduated BA (Hons) in Natural Sciences (Psychology) from the University of Cambridge in 2000 and holds a PhD in Psychology from Bristol University. He joined Baillie Gifford in 2003 and is an Investment Manager in the Japanese Equity Team. Matthew is a co-manager of the Japanese All cap strategy and is a CFA Charterholder.

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