Trustnet Magazine 61 April 2020 | 页面 14

Advertorial feature 14 / 15 [ BAILLIE GIFFORD ] James Budden says Baillie Gifford’s calm and measured approach should allow its funds and investment trusts to emerge from the current crisis as robustly as they entered it Worry, but don’t panic The value of your investment and any income from it can go down as well as up and as a result your capital may be at risk. T he coronavirus is playing havoc with the markets as well as our health and well-being. Billions are being wiped off share prices in the short term. Companies are coming under fiscal pressure very quickly. Governments are distributing corporate lifebelts. It is definitely a time to be very concerned but perhaps also a time to avoid panic. Baillie Gifford’s investment philosophy is very long term and we have been investing in this way for more than a century, so it has been tested in all sorts of turbulent TRUSTNET times. Over the last 20 years we have experienced several global crises, each different from the last, but with the same recurring lesson – that our long- term investment horizon, our calm heads, and a supportive client base, should see our investment trusts and funds emerge from the current crisis at least as robustly as they entered it. Baillie Gifford’s investment philosophy is very long term and we have been investing in this way for more than a century, so it has been tested in all sorts of turbulent times trustnet.com