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Baillie Gifford is Bonkers
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If you look at the 20 year performance of 2 of BGs most celebrated ITs it shows that only recently have they outperformed a simple FTSE 250 tracker.0
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Remember that Monks was a completely different defensive capital preservation proposition until a couple of years ago when the BG global alpha growth team took over management. As such the long term past performance is irrelevant.
Alex
Indeed. Monks have only recently shown good performance by going heavy on NASDAQ listed stocks. Really if you like this kind of approach you might as well use a NASDAQ tracker ETF.
The same goes for other celebrated ITs. Really over the long term they're not doing anything special.
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Remember that Monks was a completely different defensive capital preservation proposition until a couple of years ago when the BG global alpha growth team took over management. As such the long term past performance is irrelevant.0
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Still it should increase the choice of trusts in my son's BG child savings plan - not that it matters as we are very happy with just Monks. Not that my son has a clue what this is all about at 2yrs old...0
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aroominyork wrote: »Did he benefit from the 10% shrink in discount when the new managers took over in 2015, or was he not an in utero investor?
Sadly he missed that one as he was too busy growing fingers and toes which may have been a better use of his efforts. It will be interesting to see how the BG growth trusts weather the next downturn. I am only investing £50 per month but I would be more concerned if I had already accumulated a large holding.0 -
I'm a big fan of Baillie Gifford the last few years. Their managed balanced fund is a good multi asset fund. I am currently invested in their Japanese Smaller Companies fund as well as their Greater China fund, the first bringing me some strong returns so far this year. The American fund would have been my choice of fund to go into had I been optimistic for US equities (which I haven't been) and have preferred to gain US exposure through Global funds instead.0
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Two of the funds have major weighting in the FANGS. The other has a sizable holding in Ocado.
Little point investing with hindsight. Identifying opportunities earlier is the name of the game.0
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