Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Knockout performance from Baillie Gifford US Growth
Baillie Gifford US Growth (USA) 335.92p
Gain to date: 135.7%
Original entry point: Buy at 142.5p, 8 August 2019
Undoubtedly the performance of Baillie Gifford US Growth (USA) has been helped by a strong showing for American equities but it has demonstrated an impressive ability to outperform.
As such we are sitting on a gain of more than 100% after flagging a positive view on the trust in August 2019.
The portfolio, which includes listed and unlisted US companies, recorded a share price and net asset value (NAV) return of 50.8% and 53.8% respectively in the six months to 30 November, well ahead of the 11.1% total return from its benchmark, the S&P 500.
Numis comments: ‘The fund is differentiated from its peers by a focus on disruptive growth stocks, and the ability to invest up to 50% of the portfolio in unquoted securities.’
Investec says traditional equity investors continue to face challenges in achieving exposure to a new generation of companies with superior growth characteristics that are choosing to stay unlisted for longer.
‘Meanwhile, many equity market incumbents are increasingly growth-challenged and/or overly indebted,’ it adds. ‘We believe that Baillie Gifford US Growth provides a highly effective and cost-effective solution to these challenges.’
SHARES SAYS: Still a long-term buy.