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.

By The Newsroom

Published 3rd Mar 2011, 21:53 BST

Updated 4th Mar 2011, 22:46 BST

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."

Edinburgh