Baillie Gifford is launching a Japanese Income Growth fund to be managed by Matthew Brett.
It will follow the same process as the company’s existing Japanese Equities fund, but with an income focus. The current portfolio yields 2.5 per cent.
Brett says the fund aims to “generate strong long-term total returns as well as provide investors with a higher yield than the Japanese market.”
“We are seeing improving attitudes to corporate governance in Japan. Shareholder payouts are increasing and there is scope for this trend to continue for many years.”
Management fees will be 0.65 per cent, with an early investor share class available for three months from launch offering 0.25 per cent in the first year.