Baillie Gifford US Growth Trust in 60 seconds
Baillie Gifford US Growth Trust in 60 seconds
4 November 2024
Edison recently published a note on Baillie Gifford US Growth Trust. This trust invests in exceptional US businesses with the potential to grow substantially faster than the market and deliver above market returns. Such businesses tend to operate at the cutting edge of technology-led change, and the trust has exposure to companies focused on AI, space travel and online services. The company’s recent performance has been strongly positive in absolute terms, although its unlisted holdings have been a drag on relative performance due to the adverse impact of higher interest rates on valuations. However, many of the trust’s holdings have been doing ‘exceptionally well’ on an operational basis. And the managers are excited about the future. They believe AI is driving some of the biggest technological developments of the century, and they expect this tech revolution to generate ‘huge structural opportunities’ for the innovative and adaptable businesses they target. MORE »
