Baillie Gifford European Growth lags benchmark as core holding sells off

Dutch payments company Ayden

Elliot Gulliver-Needham
clock • 2 min read

The Baillie Gifford European Growth trust has significantly underperformed its benchmark over the last year, according to its annual results published today (17 November).

The trust's net asset value per share  total return for the year to 30 September grew 8.3%, which lagged the total return of 20.5% for the FTSE Europe ex UK index. Baillie Gifford took over management of the trust from Edinburgh Partners Limited in November 2019. Since then, its net asset value has grown 9.3%, compared to the index's increase of 24.1%. The trust's discount has remained steady in the double digits over the last year, currently sitting at 14.7%, according to data from the Association of Investment Companies. Baillie Gifford closes Investment Grade Long Bond fund N...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Investment Trusts

Both trusts had until 6 December to state whether they have a firm intention to make an offer, or announce they do not intend to make an offer.

Picton Property Income rules out offer for UK Commercial Property merger after shareholder opposition

Lack of support from Phoenix Life

Valeria Martinez
clock 05 December 2023 • 2 min read
The tender offer will be paid in cash and will be equal to a 2% discount to net asset value based on the calculation date.

European Opportunities trust outlines plans for 25% tender offer

Subject to shareholder approval

Cristian Angeloni
clock 05 December 2023 • 1 min read
'One day we hope our shareholders will be rewarded by that value and shares will start going up again.'

Lindsell Train trust NAV dragged down by fund group holding

'Disappointing investment returns''

Laura Miller
clock 05 December 2023 • 2 min read