Trustnet Magazine 66 October 2020 | Page 16

Roderick Snell and Sophie Earnshaw reveal their plans for the Baillie Gifford China Growth Trust , previously known as the Witan Pacific Investment Trust
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Roderick Snell and Sophie Earnshaw reveal their plans for the Baillie Gifford China Growth Trust , previously known as the Witan Pacific Investment Trust

Re-focusing on the future : China

The value of your investment and any income from it is not guaranteed and may go down as well as up and as a result your capital may be at risk .

In September 2020 , Baillie

Gifford became investment managers for what was the Witan Pacific Investment Trust . Our radical proposition was simple – to refocus the trust away from the broad Asia Pacific region , and instead focus it solely on the most important and arguably most exciting market of the coming decades : China . Consequently , the trust has been renamed as Baillie Gifford China Growth Trust plc , and the portfolio invested into the 40-80 Chinese companies which we believe are most likely to deliver outstanding growth over the next five to 10 years .
Why China ? The first and most obvious reason for this is that the opportunity for investors in China is huge . Over the past decade , China has accounted for roughly a third of all global GDP growth , its middle class is now the largest in the world , and the economy and stock market are the second largest . Driven further by world-leading technology , continual innovation , and a middle class

Over the past decade , China has accounted for roughly a third of all global GDP growth , its middle class is now the largest in the world , and the economy and stock market are the second largest

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