Baillie Gifford China Growth Trust (LSE: BGCG)

Last close As at 26/07/2024

GBP1.84

−1.25 (−0.67%)

Market capitalisation

GBP112m

Baillie Gifford China Growth Trust’s investment objective is to produce long-term capital growth by investing predominantly in shares of Chinese companies. Performance is measured against the MSCI China All Shares Index. Baillie Gifford took over management of the trust from Witan Investment Services on 16 September 2020. Previously the trust aimed for capital and income growth from a diversified portfolio of investments in the Asia-Pacific region.

Latest Insights

View More

Equity Analyst

Joanne Collins

Joanne Collins

Analyst, Investment Trusts

Key Management

  • James Hart

    Investment Director

  • Susan Platts-Martin

    Chairman

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (7.8) (7.8) (19.3)
Relative (7.5) (9.7) (24.5)
52 week high/low 243.0p/176.0p

Overview

Baillie Gifford China Growth Trust (BGCG) focuses on innovative, growing Chinese companies with exposure to the massive opportunities generated by China’s vast market, its positive long-term economic outlook and its transition to a more diversified, innovation-led growth model. BGCG’s performance has lagged the declining market over recent years, despite the strong operational performance of most of its portfolio holdings. But the Chinese New Year heralded an improvement in market sentiment and, in recent months, BGCG has made outright gains and outperformed the market. In the three months to end-June 2024, the trust returned 3.3% in NAV terms, compared to a benchmark return of 0.4%. Its managers are cautiously optimistic about the prospects for the economy and the trust, and they have been taking advantage of still low valuations to enhance exposure to China’s best high-growth companies across a range of industries.

Thematics

thematic

Investment Companies

Emerging markets – Worthy of consideration

thematic

Investment Companies

Dynam Capital at the 2024 Vietnam ESG Conference

thematic

Investment Companies

UK stock market – Scope for further upside in UK large-cap stocks

thematic

Investment Companies

Listed private equity – Performing a balancing act

Subscribe to Edison

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

Sign up for free