Baillie Gifford US Growth Trust (LSE: USA)

Currency in GBP

Last close As at 06/02/2023

GBP1.50

−0.80 (−0.53%)

Market capitalisation

GBP461m

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 of America. The trust invests in both publicly listed and privately owned companies. Its benchmark is the S&P 500 Index TR (GBP).

Equity Analyst

David Holder

David Holder

Associate Director, Investment Trusts

Key Management

  • Gary Robinson

    Fund manager

  • Kirsty Gibson

    Fund manager

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 9.3 (2.4) (30.8)
Relative 3.5 (11.3) (31.6)
52 week high/low 251.5p/145.8p

Overview

Baillie Gifford US Growth Trust (USA) has seen its net asset value (NAV) significantly fall in 2022 as growth stocks have fallen out of favour with investors. In addition, USA’s share price has moved to a material discount to NAV for the first time since launch in March 2018. As a long-term fundamental investor, Baillie Gifford believes that the current investment opportunities in long-duration, high-growth stocks provide a tremendous opportunity for conviction investors, which could lay the foundations for the long-term outperformance of the fund.

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