Fact sheet: Baillie Gifford Developed Asia Pacific

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
ASIA EQUITIES
Sector
UT Asia Pacific Including Japan
Fund type
OEIC
Primary aim
No data available.
Why Money Observer Rates Baillie Gifford Developed Asia Pacific

New for 2017. Offers a different approach in the region

This fund offers a somewhat different approach from many of its peers. First, it is one of less than 10 Asia Pacific funds that invest part of their portfolios in Japan - most specifically exclude Japan because of its advanced economy.

Secondly, it restricts its investments to those markets in the region considered to be the most developed economies. These are defined as those markets represented in the MSCI Pacific index, currently markets in Australia, Hong Kong, Japan, New Zealand and Singapore. Recently, its greatest exposure has been to Japan.

The fund's manager since 2014 is Iain Campbell, who joined Baillie Gifford in 2004. He has focused on Asian markets for most of his investment career. He is a member of the company's specialist Japanese team.

Japan currently accounts for around two-thirds of the portfolio. Part of this exposure is achieved through a holding in Baillie Gifford Japan Smaller Companies fund.

Although the Japanese market has been rather disappointing in recent years - with the economy not yet recovering under prime minister Shinzo Abe as well as investors had hoped - Campbell is encouraged by the positive changes in corporate governance at many Japanese companies as reforms start to have an impact.

Companies, not countries, are at the heart of Campbell's investment approach. He looks for businesses that can grow their earnings and cash flows regardless of the economic backdrop. The fund does not invest in the emerging economies of the region, but it can invest in some Chinese businesses listed in Hong Kong.

3 Year Performance
Fund Performance61.7%
Average of Rated Funds Group47.5%
Sector Performance51.3%
Fund information
Fund name
Baillie Gifford Developed Asia Pacific B Acc
Fund manager company
Baillie Gifford & Co Ltd
Fund type
OEIC
Fund managers
  • Iain Campbellsince 30/09/2014
  • Tolibjon Tursunovsince 31/05/2017
Accolades
Fund objective
The objective is to produce attractive returns over the long term through investment, whether direct or indirect, in any economic sectors of any of the markets included in the MSCI Pacific Index or any successor or substitute index, in each case as modified from time to time, but with the ability also to invest up to (but no more than) 10% in value of the Fund in each of the following: collective investment schemes and deposits. Note: The markets currently included in the MSCI Pacific Index are Australia, Hong Kong, Japan, New Zealand and Singapore.
Benchmark
  • MSCI Pacific
Investment style
None
Investment method
Shares
Quick stats
1 Year return
13.3%
1 Year rank in sector
4/7
Sector
UT Asia Pacific Including Japan
Yield
1.2%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.59%
Fund size
£142m (£118m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
113
Mid price
527.6
Top in this sector
Fund name1 Year
Threadneedle Asia Equity20.3%
Smith & Williamson FarEstnIandG18.8%
Invesco Perp Pacific15.2%
Baillie Gifford Devd Asia Pac13.3%
Omnis Asia Pacific Equity12.8%
...more in UT Asia Pacific Including Japan

Performance snapshot

Holdings snapshot

  • Japan65.8%
    Australia15.7%
    Hong Kong11.1%
    Singapore6.7%
    Money Market0.7%
  • No data available.
  • Japanese Equities65.8%
    Australian Equities15.7%
    Hong Kong Equities11.1%
    Singapore Equities6.7%
    Money Market0.7%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.9%2.9%6.9%13.3%61.7%86.3%
Sector-4.2%0.3%4.9%14%51.3%65.8%
Rank within sector1 / 71 / 71 / 74 / 72 / 53 / 5
Quartile1st1st1st3rd2nd3rd
Calendar performance
 YTD - 20182017201620152014
Fund-0.1%17.6%27%13.6%7.6%
Sector-1.8%23.4%26.4%3.1%5.6%
Rank within sector1 / 76 / 72 / 51 / 53 / 5
Quartile1st4th2nd1st3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
3.17
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.94
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
1.18
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
12.83
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
4.54
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.46
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.87
Price movement
52 week high551.1
52 week low464.9
Current bid price-
Current offer price-
Current mid price527.6
Region
1Japan65.8%
2Australia15.7%
3Hong Kong11.1%
4Singapore6.7%
5Money Market0.7%
Industry sector
No data available.
Asset type
1Japanese Equities65.8%
2Australian Equities15.7%
3Hong Kong Equities11.1%
4Singapore Equities6.7%
5Money Market0.7%
Individual holdings
1BAILLIE GIFFORD JAPANESE SMALLER COMPANIES C ACC9%
2GALAXY ENTERTAINMENT GROUP4.2%
3UNITED OVERSEAS BANK4.2%
4SHISEIDO CO3.9%
5MS&AD INSURANCE GROUP HLDGS INC3.5%
6ADVANTEST CORP3.4%
7SBI HLDGS INC3.4%
8SMC CORP3.4%
9SOFTBANK GROUP CORP3.2%
Management
Fund manager group
Baillie Gifford
Fund manager company
Baillie Gifford & Co Ltd
Fund type
OEIC
Fund objective
The objective is to produce attractive returns over the long term through investment, whether direct or indirect, in any economic sectors of any of the markets included in the MSCI Pacific Index or any successor or substitute index, in each case as modified from time to time, but with the ability also to invest up to (but no more than) 10% in value of the Fund in each of the following: collective investment schemes and deposits. Note: The markets currently included in the MSCI Pacific Index are Australia, Hong Kong, Japan, New Zealand and Singapore.
Benchmark
  • MSCI Pacific
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Iain Campbell30/09/2014Iain graduated BA in Modern History from Oxford University in 2000. He worked for Goldman Sachs and travelled in Asia, before joining Baillie Gifford in 2004. Most of Iain’s investment career has been focused on Emerging and Developed Asian markets and Iain is member of the Japanese specialist team. Iain is responsible for managing various specialist Developed Asia including Japan portfolios and is also a member of the International Focus Portfolio Construction Group.
Tolibjon Tursunov31/05/2017Tolibjon graduated LLB in Law from Queen Mary University of London in 2008. He worked within the Corporate and Operations Finance Department of British American Tobacco, before setting up a price-comparison website in Central Asia. Tolibjon joined Baillie Gifford in 2011 and is an Investment Manager in the Japanese Equities Team.
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Baillie Gifford Developed Asia Pacific A Acc
Initial charge-
Annual charge1.4%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price480.5
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBB73
Baillie Gifford Developed Asia Pacific B Acc
Initial charge-
Annual charge0.55%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.59%
Total expense ratio (TER)0.58%
Bid price-
Offer price-
Mid price527.6
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeB037
Baillie Gifford Developed Asia Pacific B Inc
Initial charge-
Annual charge0.55%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.59%
Total expense ratio (TER)0.58%
Bid price-
Offer price-
Mid price497.8
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJOTH
Data provided by

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