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New share class for Baillie Gifford Japan fund

TokyoBaillie Gifford, the Edinburgh investment management partnership, has created a sterling hedged share class for the £147 million Dublin domiciled Worldwide Japanese Fund.

Managed by Donald Farquharson and Sarah Whitley, the strategy has consistently outperformed the TOPIX since its inception in 2009.

Baillie Gifford has 30 years of experience in Japan and more than £11 billion of Japanese assets under management.

James Budden, director of retail marketing and distribution, Baillie Gifford said: “As Japan engages in a process of structural reform and with companies announcing record profits, this new share class provides investors with access to our proven expertise while militating against fluctuations in the price of the yen versus sterling.”

Separately, Aberdeen Asset Management has appointed Mike Brooks from Baillie Gifford as co-lead manager to join Mike Turner on its Diversified Growth strategy.

At Baillie Gifford, Brooks launched and managed the £5.9bn Diversified Growth fund with Patrick Edwardson. The fund was closed to new investment in 2013 after reaching £3bn in order to protect its performance.

The fund that Brooks will now co-manage at Aberdeen is only £113m and was launched in November 2011.

However, according to Investment Week, over three years the two strategies have delivered a similar return – the Aberdeen fund is up 17%, while Baillie Gifford has returned 18%.

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