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 .
Baillie Gifford & Co and Baillie Gifford & Co Limited are authorised and regulated by the Financial Conduct Authority ( FCA ). The investment trusts managed by Baillie Gifford & Co Limited are listed on the London Stock Exchange and are not authorised or regulated by the Financial Conduct Authority . Baillie Gifford & Co Limited is an Authorised Corporate Director of OEICs .
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Issue 87 - September 2022 / 23 /