Baillie Gifford Shin Nippon’s objective is to pursue long term capital growth through investment principally in small Japanese companies (defined as one that has either market capitalisation or turnover less than ¥150 billion) which are believed to have above average prospects for growth. The portfolio is constructed through the identification of individual companies which offer long term growth potential, typically over a three to five year horizon. Baillie Gifford Shin Nippon is actively managed and does not seek to track the comparative index, hence a degree of volatility against the index is inevitable. In constructing the equity portfolio a spread of risk is achieved by diversifying the portfolio through investment in 40 to 75 holdings. Although sector concentration and the thematic characteristics of the portfolio are carefully monitored, there are no maximum limits to deviation from comparative index stock or sector weights.
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