Baillie Gifford
Because it uses its own account in the destination country to pay a recipient an amount akin to the real exchange rate , money does not cross international borders and incur additional costs . Wise is upfront about the ( usually lower ) fees it charges . Founded as TransferWise in 2010 , the firm has grown rapidly , grabbing market share from banks and other incumbent foreign exchange brokers . It listed on the London Stock
Exchange last year and reported 38 per cent annual revenue growth in its last financial year . “ Individuals and companies transfer an estimated $ 18tn every year . Over 60 per cent of that is in the hands of banks , where transactions are riddled with hidden charges . It ’ s expensive and slow ,” says Mileva . “ Banks can ’ t or won ’ t compete with the scalable technology infrastructure that makes Wise cheaper and faster .”
Investments with exposure to a single market may increase risk . The Trust ’ s risk could be increased by its investment in private companies . These assets may be more difficult to sell , so changes in their prices may be greater .
Some of the views expressed are not necessarily those of Baillie Gifford . Investment markets and conditions can change rapidly , therefore the views expressed should not be taken as statements of fact nor should reliance be placed on them when making investment decisions .
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 .
A Key Information Document is available by visiting bailliegifford . com
Issue 88 - October 2022 / 21 /