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