Monks trust dragged down by growth stocks slide
Trailing FTSE World index for second year in a row
Trailing FTSE World index for second year in a row
Baillie Gifford trust ejected 20 firms from its portfolio in the past year
Self-managed trust will see its assets rolled into £2.5bn Baillie Gifford run vehicle
Managers say pandemic has triggered ‘an avalanche of change’ which is not yet fully understood or appreciated
Man GLG Undervalued Assets among four equity positions trimmed or exited
Lead manager Charles Plowden is retiring at the end of April next year
The Monks Investment Trust has added another tier to its management fee charging structure to pass on economies of scale gained from its growing size back to investors.
Holdings in Alibaba, Nvidia and Naspars helped propel the Baillie Gifford managed £1.6bn Monks Investment Trust to almost double the return of its benchmark index for the six months to 31 October, the closed-ended company announced today.
“The world has gone mad” Baillie Gifford’s Charles Plowden has said, comparing the boom in exchange traded funds (ETFs) to the hysteria which led to the global financial crisis.
Baillie Gifford’s £1.5bn Monks Investment Trust is launching a tiered charging structure to pass on economies of scale gained from its large size back to its investors.
According to its latest six monthly figures, Monks Investment Trust sees falls in its share price and returns.