Research from QuotedData
Baillie Gifford UK Growth - Research from QuotedData
15th September 2022
Patience will be rewarded
Baillie Gifford UK Growth Trust (BGUK) has seen a marked fall in its net asset value (NAV) during the last 12 months as inflation expectations have risen, bringing with them interest rate rises and, in all likelihood, a recession. The selling-off of many 'growth' stocks has been severe and, BGUK's managers say, indiscriminate, with good companies being hit as well as the bad. However, this provides an opportunity for long-term investors. The managers have been reappraising their investment cases in light of the changing market conditions and have been adding to holdings that they think are fundamentally attractive.
The managers believe strongly that their patience will be rewarded over the longer term. An NAV recovery would also likely be accompanied by a narrowing of BGUK's discount , which is currently close to its five-year high.
Full research:
https://quoteddata.com/research/baillie-gifford-uk-growth-patience-will-be-rewarded-qd/
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