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[ BAILLIE GIFFORD ]
Stephen Paice and Moritz Sitte reveal what changes they have made
to The European Investment Trust, which has been renamed the Baillie
Gifford European Growth Trust plc, since taking charge late last year
Continental blend –
the case for European
companies
Please remember that the value of
a stock market investment and any
income from it can fall as well as rise
and investors may not get back the
amount invested.
I
n December 2019, we became
the portfolio managers of what
was The European Investment
Trust plc, following a decision
by the board to appoint Baillie
Gifford. In addition to renaming the
trust as Baillie Gifford European
Growth Trust plc, investors will
notice a radical change in the
portfolio, which has been reinvested
in 40 or so companies which we
believe are most likely to deliver
outstanding growth over the next five
to ten years.
TRUSTNET
Investing for growth
Europe is home to many outstanding
businesses, from ‘hidden champions’,
industrial companies dominating
attractive niches, to luxury brand
businesses which benefit from
heritage and provenance, and
younger, disruptive, internet-enabled
businesses. We believe that the best
way to create sustainable and growing
returns for shareholders is by investing
in such innovative and adaptive
businesses, regardless of geographical
location or sector.
Although the trust’s portfolio is
similar to that of the Baillie Gifford
European Fund, we will be investing in
some smaller capitalisation companies
trustnet.com