Baillie Gifford expands Japanese range with income fund

Currently yielding 2.5%

Baillie Gifford has launched a Japanese Income Growth fund, managed by part of the group's Japanese equities team Matthew Brett.

The fund will utilise the same process applied to the group's other Japanese funds, which involves investing in good quality businesses with strong prospects for earnings growth. It will construct a portfolio from these names with a bias towards income, following a widespread secular change in corporate attitudes to shareholder returns. Brett (pictured) will manage the fund, which currently yields 2.5%. Baillie Gifford unveils Multi Asset Growth fund He said: "We believe our focus on companies with good growth prospects and strong balance sheets gives the best opportunity for di...