Baillie Gifford UK Growth trust performance has 'continued to disappoint'

'Mistake' over Just Eat

Elliot Gulliver-Needham
clock • 2 min read

The Baillie Gifford UK Growth trust’s short term performance has “continued to disappoint” as headwinds have persisted for the UK economy.

In the trust's semi-annual results, it said that up to 31 October, net asset value per share total return fell 10.9%, compared to a 5.8% fall in the FTSE All-Share index. The share price total return for the same period was down 11.9%, while net revenue return per share fell from 2.28p to 2.22p compared to last year. Baillie Gifford European Growth trust NAV tumbles 40% The trust identified three main detractors to performance: Kitchen company Howden Joinery, car platform AutoTrader and clean air solution provider Volution. It said the market fear of recession had pushed sha...

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