Baillie Gifford superpower are reminders of the strong link between value creation and change . And , looking ahead , it is this that excites MacColl : “ Change is going to accelerate in certain areas over the next ten years .” One such area would be healthcare . “ The availability of data coming from gene sequencing and the availability of computational power , those two coming together with the slower moving aspects of biology fills me with a huge amount of optimism regarding what we can see next .” The question , therefore , is not whether businesses are growth or value stocks , or indeed if they will perform well in an inflationary environment . MacColl sums it up , “ I ’ d much rather be involved in businesses on the right side of change than businesses that look cheap or lowly valued , which are on the wrong side .” You can hear more of Malcolm ’ s thoughts in the Baillie Gifford podcast Short Briefings on Long Term Thinking . You can listen to the podcast at bailliegifford . com / podcasts .
Investments with exposure to overseas securities can be affected by changing stock market conditions and currency rates .
This article does not constitute , and is not subject to the protections afforded to , independent research . Baillie Gifford and its staff may have dealt in the investments concerned . The views expressed are not statements of fact and should not be considered as advice or a recommendation to buy , sell or hold a particular investment . Data as at 31 December 2021 , unless otherwise stated .
Baillie Gifford & Co and Baillie Gifford & Co Limited is authorised and regulated by the Financial Conduct Authority ( FCA ). The investment trusts managed by Baillie Gifford & Co Limited are listed UK companies and are not authorised and regulated by the Financial Conduct Authority .
A Key Information Document is available at bailliegifford . com
Issue 82 - March 2022 / 23 /