Baillie Gifford hails fund's 28% increase
Baillie Gifford, the Edinburgh-based fund manager, yesterday revealed its Shin Nippon trust - which invests in smaller Japanese companies - had posted a 28.2 per cent rise in value in the year to 31 January.
The trust out-performed its benchmark, the MSCI Japan Small Cap Index, which posted a 19 per cent rise.
Trust manager John MacDougall said: "The outlook for earnings growth is good."