Baillie Gifford US Growth Trust (LSE: USA)

Last close As at 02/03/2024

GBP1.90

−0.60 (−0.32%)

Market capitalisation

GBP564m

Baillie Gifford US Growth Trust (USA) aims to produce long-term capital growth by investing predominantly in equities of companies that are incorporated, domiciled or conducting a significant portion of their business in the United States. The trust invests in both publicly listed and privately owned companies. Its benchmark is the S&P 500 TR Index (in sterling).

Latest Insights

Equity Analyst

Joanne Collins

Joanne Collins

Analyst, Investment Trusts

Key Management

  • Gary Robinson

    Fund manager

  • Kirsty Gibson

    Fund manager

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 5.5 16.6 26.7
Relative 5.7 13.5 31.0
52 week high/low 190.4p/132.8p

Overview

The managers of Baillie Gifford US Growth Trust (USA), Gary Robinson and Kirsty Gibson, aim to invest in exceptional US businesses with the potential to grow substantially faster than the market and deliver exceptional returns over the long term. Businesses capable of such growth tend to operate at the cutting edge of technology-led change, and USA has exposure to companies focused on artificial intelligence, space travel and drone delivery. The fluctuating fortunes of growth stocks over the past couple of years, combined with some de-rating of USA’s unlisted holdings, mean that USA’s performance has undershot market returns during the first five years since inception. Cumulative returns over the five years ended August 2023 totalled 49.1% in NAV terms, lagging the market return of 73.8%. However, the managers believe the ‘phenomenal’ fundamental performance of many portfolio holdings, combined with their very good growth prospects, augur well for the company’s ability to realise its return target over the longer term.

Thematics

thematic

Investment Companies

European equities

thematic

Investment Companies

Listed Private Equity

thematic

Investment Companies

Vietnamese equities: Due a comeback?

thematic

Investment Companies

Investment companies: Latin America is worthy of consideration

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free