Baillie Gifford Managed Acc... drop

C_Mababejive

I notice that this fund has dropped a fair bit in recent months and is starting to compare unfavorably with similar in the sector.

Is this just the normal ebb and flow of investment values or is something else going on?

aroominyork

Not necessarily ebb and flow; could be flow and ebb.

You are not the only person posting about Baillie Gifford's tide turning. Here is one thread https://forums.moneysavingexpert.com/discussion/6324140/recent-bg-losses-smt-etc-whats-up/p1

Albermarle

Bailie Gifford UK growth investment trust is down as well , seems to be a trend ....
14% down from end of 2021
10% down in last month
7.5% down in the last week .

dunstonh

BG managed, like most BG funds, is one of the highest risk funds in its sector.   It has always been prone to periods of negativity above and beyond others funds in its sector when what it is investing in goes out of favour.   You cannot take all those higher positive periods without taking the higher negative periods.   The two go hand in hand when you use a fund like that.

aroominyork

Some people might see this dip - or see a further dip - as a buying opportunity. Others will see the BG ship as having sailed and they missed it. I owned BG Global Alpha Growth (the open ended version of Monks IT) relatively early in my DIY investing but sold it when I realised just how niche it was. Naturally, I sold shortly before the BG funds began their meteoric rise. While I wish I had benefited from the rise, the decision I made was the right one at the time so I do not regret it.

london21

About 10% of my allocation is in Baillie Gifford Managed Fund.

Last few weeks has been red. Now down 11.41%, feels like I bought single shares in a company. 

Hanging on for a few more years....

jimjames

london21 said:

About 10% of my allocation is in Baillie Gifford Managed Fund.

Last few weeks has been red. Now down 11.41%, feels like I bought single shares in a company. 

A single company could drop more than that in a day and drop to zero. That won't happen with this fund but you have bought something that will fluctuate much more than other funds so maybe the risk is beyond your tolerance.

NoviceInvestor1

It’s full of overpriced story stocks, which is quite bizarre for a multi asset fund. I’m surprised people hold it.

Billycock

NoviceInvestor1 said:

It’s full of overpriced story stocks, which is quite bizarre for a multi asset fund. I’m surprised people hold it.

But then again you're a NoviceInvestor -)

coastline

Really depends when you bought in as much has been highlighted about BG funds in recent years. Performance since the pandemic has been parabolic but looking at the chart it hasn't fallen as much as other BG funds. Still very respectable returns for a decade or so.

Chart Tool | Trustnet

The Discovery fund has given back nearly all of its gains since the pandemic. It hasn't discovered much then when you consider it had the pick of the market.

Chart Tool | Trustnet

Maybe BG should employ me to run the Coastline Catchafallingknife Fund..

NXT 7558 BME 553 JDW 931 MARS 84 PRU 1320 and RR 123 ( over 400 with rights issue )

Which FTSE 100/250 companies are trading at bargain prices and not likely to go bust? - Page 2 — MoneySavingExpert Forum

ChilliBob

I have a holding on it, which I was pretty keen on based on past performance and the mixed bag it held. Its not a massive holding, I think for now I'll hold as opposed go topup, I'm certainly not going to sell.