Managed by Matthew Brett, the fund was launched in 1984 and holds a plethora of Japanese institutions such as SoftBank, Nintendo and Sony, as it aims to outperform the TOPIX index by 1.5% per annum over five years. In the 12 months to 30 September 2024, the fund returned just under 10.8%, short of its target benchmark return of 12.4%, according to data from Morningstar. Baillie Gifford's Iain McCombie: Rightmove's REA rejection 'really good news' for UK M&A Over the long term, however, the fund has performed well against the broader Japanese stock market and IA Japan sector, HL not...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.uk