Baillie Gifford Japan Trust Plc’s NAV decline by 7.8% for the six months to 29 February 2020

Baillie Gifford Japan Trust Plc (LON: BGFD) has released its half-year report for the six months to 29 February 2020.

  • In the reported period the company’s net asset value per share (NAV) after deducting borrowings at fair value, declined by 7.8 per cent as compared to a 5.1 per cent decrease in the TOPIX total return
  • The Company's share price declined by 14.7 per cent in the reported six months, as the shares moved from a premium to a discount to NAV.
  • The company further informed that during the reported period, the two largest detractors to performance were iStyle, which was down by 0.5 per cent and Mixi, which was down by 0.4 per cent.

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