In its final results published today (29 October), BGFD reported its net asset value total return was up 10% over the year, compared to 14.7% total returns for the TOPIX index. The latest results for the trust, which divides its portfolio among four key themes — secular growth, growth stalwarts, special situations and cyclical growth — reflect a prolonged period of underperformance over the past five years. During this time, the strategy's NAV has consistently lagged behind its benchmark at 0.4% growth compared to TOPIX's 25.8% advance. However, with a period of controlled inflatio...
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