Baillie Gifford Emerging Markets Growth has shrunk by 15% following poor performance since the group announced plans to soft-close the fund.
Baillie Gifford's £2.5bn Scottish Mortgage investment trust's share price grew 22% over the past year, largely driven by its exposure to technology, according to the deputy manager.
Baillie Gifford's James Budden says the RDR is a levelling tool the investment trust sector should welcome.
Baillie Gifford is planning to soft-close Richard Sneller's Emerging Markets Growth fund on 6 April as assets have passed the £1bn mark.
James Budden of Baillie Gifford on the important role for professional advisers in the investment trust universe.
Sentiment towards out-of-favour Japan is beginning to turn, with the market rising 11% since October, said Sarah Whitley, manager of the £168m Baillie Gifford Japan trust.