Baillie Gifford Shin Nippon PLC Share Price (BGS)

Generally trust funds have been abysmal across the board. A small part can be put down to widening nav discount . Some funds are trading at almost 50% discount to nav. Not quite the case here. BG have even performed poorly in America where the Dow has hit record highs.i thought Japan looked good for recovery after the Olympics, and yes currency had also been an issue. I watched a very amateur presentation by the guy who runs BGFD . It was embarrassingly awful. They did a lot of share shuffling a while back which looks to have done further damage to the trust. I had five trusts and decided to ditch the lot including Schroders which actually has performed quite well. Stock picking is more crucial than ever and I feel the problem is that they have too much money to manage. Personally I doubt I would ever buy a trust fund again. Aside from loosing capital value, few even pay a decent dividend, while some of my stocks yield anywhere between 3 and 7%. I had done ok in Japan, sold up and then also thought it was looking cheap. I cut my losses last year and fortunately made up the losses pretty quick. It is a very tricky environment both politically and climate wise. i seem to recall Japan recently escaped another tsunami, but they did have a tremor or two I think. There is always something to worry about. Its either a ten year investment to tuck away and forget or you have to get much more hands on and cut losses . I chose the latter. Gl

I owned it a few years ago and made some good money before selling out. Last year I decided (wisely in retrospect) to get back into Japan and saw how this stock had gone down so bought in again. Great call huh?

I've been holding this fund since 2016. Every year I review it and can't believe it can go down any further and must have huge upside, including a closing of the discount. But every year the same story; it goes down even more. There's nothing on their website to explain the terrible performance or outlook. Anyone have any insights? I know the currency has been unfavourable, but how can it keep going down, when the market has been doing so well?

No it’s not very popular. Down over 50 percent in less than 3 years. That takes some very special talent only Ballie Gifford seem to posses

This share is not very popular.Very big discount to NAV.More sell than buy.IGC which is invest in India market seem very popular among investors.