This article contains information on investments which does not constitute independent investment research . Accordingly , it is not subject to the protections afforded to independent research and Baillie Gifford and its staff may have dealt in the investments concerned .
This communication was produced and approved in June 2021 and has not been updated subsequently . It represents views held at the time of writing and may not reflect current thinking .
Investment markets and conditions can change rapidly . The views expressed should not be taken as fact and no reliance should be placed upon these when making investment decisions . They should not be considered as advice or a recommendation to buy , sell or hold a particular investment .
Investments with exposure to overseas securities can be affected by changing stock market conditions and currency exchange rates . The US Growth Trust ’ s exposure to a single market and currency may increase risk .
Baillie Gifford & Co Limited is authorised and regulated by the Financial Conduct Authority ( FCA ). Baillie Gifford & Co Limited is an Authorised Corporate Director of OEICs . The investment trusts managed by Baillie Gifford & Co Limited are listed UK companies .
A Key Information Document is available at bailliegifford . com
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