Baillie Gifford US Growth in danger of running out of steam - Stifel
Rating downgraded to 'neutral'
Baillie Gifford US Growth trust manager Gary Robinson
Broker Stifel has downgraded its recommendation on the Baillie Gifford US Growth Trust (BGUS) to 'neutral' on worries that its returns have been "brought forward" by the acceleration of several structural trends as a result of the coronavirus pandemic and "may run out of steam".
The trust delivered spectacular returns for shareholders through 2020, seeing 133.5% in share price total return and 118% NAV TR, compared to the wider S&P 500's gain of 14% and IT North America sector...
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