Baillie Gifford Developed Asia Pacific A

Invests in the developed countries in the Asia Pacific region, such as Hong Kong, Singapore and Australia.

  • 669.00p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.55%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.20%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 02 December 2020, fund data last updated 04 December 2002

To Fund aims to maximise the total return through investment in equities in any economic sectors of any of the markets included in the MSCI Pacific Index. Although this fund is managed out of Baillie Gifford's offices in Edinburgh, the absence of a local presence does not appear to have detracted from longer term performance. The fund benefits from an experienced team, and diligent process, which mainly targets growth stocks.

Fund summary

Sector Asia Pacific Including Japan
Structure OEIC
Launched June, 2001
Size £205m
Yield 0.20%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.55%

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Investment process

The fund aims to maximise the total return through investment, whether direct or indirect,in any economic sectors of any of the markets included in the FTSEAll World Developed Asia Pacific ex Japan Index or any successor or substitute index, in each case as modified from time to time. The process is stock driven and as such sector weightings are purely a result of stock selection. Growth companies are generally sought, with the managers employing a GARP (Growth at a Reasonable Price) approach.

Manager research

Average monthly relative returns

  • 15/16 0.30%
  • 16/17 -0.48%
  • 17/18 0.59%
  • 18/19 0.21%
  • 19/20 0.65%

Bestinvest MRI

  • 3 years 0.48%
  • 5 years 0.26%
  • Career 0.32%
  • 3 years 94.20%
  • 5 years 88.50%
  • Career 94.80%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Iain Campbell

Campbell is a portfolio Manager and member of the International Focus Portfolio Construction Group. He joined Baillie Gifford & Co. in 2004

Track record

Iain Campbell has 6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.32%. During the worst period of relative performance (from May 2016 - September 2017) there was a decline of 9% relative to the index. The worst absolute loss has been 17%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 95%.

Periods of worst performance

Absolute -17.00% (July 2019 - March 2020)
Relative -9.00% (May 2016 - September 2017)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 31 July 2020

7.1% Bg Japanese Smaller Cos Fund
4.5% Softbank Group Corp
3.7% Shiseido Co
3.7% Olympus Corp
3.7% Smc Corp
3.6% Shimano Inc
3.5% Hong Kong Exchanges & Clearing
3.2% Sugi Holdings Co Ltd
3% Sbi Hldgs Inc
2.7% United Overseas Bank
Source: Trustnet

Portfolio

The portfolio tends to have between 50-60 stocks.

Constraints

The fund tends to be heavily weighted to Australia and Hong Kong, given its objective of investing in the "developed" Pacific markets.

Key Investor Information

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