24th Sep 2020 14:35
Baillie Gifford Shin Nippon PLC - small Japanese companies investor managed by Edinburgh based fund management group Baillie Gifford - Outperforms comparative index as net asset value per share rises 5.4% to 182.4 pence as at July 31 from 173.0p January 31. This compares to an 8.8% decline from MSCI Japan Small Cap index for the same half-year period. Online legal portal Bengo4.com Inc proves top contributor to performance with other strong performers including online drug marketing platform M3 Inc and online food delivery company Demae-Can Co Ltd. Covid-19 pandemic creating numerous growth opportunities for smaller businesses in Japan that are seeking to solve structural issues facing traditional Japanese companies.
Current stock price: 239.39p
Year-to-date change: up 33%
By Anna Farley; [email protected]
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