Trustnet Magazine 95 May 2023 | Page 23

Baillie Gifford
Healthcare insurance is complex , but Elevance offers the prospect of steady compounding , with profits being reinvested in the business over decades to create outsized growth , making it an ideal pick for investors focused on the long term . So even if the US healthcare system is complex and opaque , as long as Elevance continues to ease patients ’ path through the labyrinth , the prognosis for customers and investors looks positive . This article originally featured in Baillie Gifford ’ s Spring 2023 issue of Trust magazine .
Investments with exposure to overseas securities can be affected by changing stock market conditions and currency exchange rates .
The views expressed in this article should not be considered as advice or a recommendation to buy , sell or hold a particular investment . The article contains information and opinion on investments that does not constitute independent investment research , and is therefore not subject to the protections afforded to independent research .
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 .
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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 .
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Issue 95 - May 2023 / 23 /