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magazineKnock-out performance from star growth trust
BAILLIE GIFFORD US GROWTH TRUST (USA) 234.32p
Gain to date: 64.4%
Original entry point: Buy at 142.5p, 8 August 2019
The returns from Baillie Gifford US Growth Trust (USA) have been outstanding, both in net asset value (NAV) and, most importantly for shareholders, the share price.
The trust reported 44.2% and 46.5% in NAV and shareholder total returns respectively in the year to 31 May 2020, materially beating the S&P 500’s 15% total return in sterling terms. The stock is up another 25% since then, leaving our Great Idea 64.4% up since August 2019. Over the same period the benchmark US index has risen 17.4%.
While management accept the likelihood of more volatility in the markets during the coming months, its long-term investment nature and focus on many of the thriving post-Covid digital transformational trends leaves the trust placed to continue its run of strong returns.
It has long-standing stakes in the likes of Shopify, Amazon and Tesla while newer portfolio names include online medical appointments firm Teladoc and cloud communications platform Twilio.
SHARES SAYS: Stick with this investment trust for the long-term.
Important information:
These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell.
Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
