The Baillie Gifford Japan Trust (LON:BGFD) Reaches New 1-Year High - Here's Why

The Baillie Gifford Japan Trust PLC (LON:BGFD - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as GBX 825 ($11.09) and last traded at GBX 824 ($11.07), with a volume of 74410 shares changing hands. The stock had previously closed at GBX 809 ($10.87).

The Baillie Gifford Japan Trust Price Performance

The firm has a 50-day moving average of GBX 787.68 and a 200 day moving average of GBX 757.53. The company has a market capitalization of £773.09 million, a PE ratio of 11.74 and a beta of 0.73.

The Baillie Gifford Japan Trust Company Profile

The Trust aims to pursue long-term capital growth principally through investment in medium to smaller sized Japanese companies which are believed to have above average prospects for growth. We invest in a spread of 40–70 companies, predominantly medium and smaller sized, that we believe offer good growth opportunities. Growth may come from innovative business models, disrupting traditional Japanese practices or market opportunities, such as growth from overseas. We aim to take a three to five year view and the Trust is managed by looking at the underlying investments rather than the benchmark which is TOPIX total return.