The Lemon Fool

I came across this article on Citywire:

A heavy sell-off in 'darling' AIM stocks took a big bite out of some funds, while one fund surged 11% in the sell-off.
Markets
US investors were the catalyst for this week's heavy stock market falls, but the fund managers who suffered the worst of the sell-off were those with a focus much closer to home.

https://citywire.co.uk/money/the-funds- ... e=readmore


And as a bonus another one about Baillie Gifford funds bearing the brunt:

Baillie Gifford bears brunt as funds dive in sell-off
Heavy markdown to technology stocks hurts growth-focused asset manager, whose funds are among day's biggest fallers.

https://citywire.co.uk/money/baillie-gi ... e=readmore

Well of course Baillie Gifford would be in the firing line with their big support to technology, but surely that is well known and recognised. It is a style of the house and thus their funds more volatile than some others. Independent IT will be tarred with the same brush I have no doubt considering that the Chief Executive and Chairman are both ex Baillie Gifford partners.

Scottish Mortgage I know has lost a bit (down about 11% in the last couple of weeks) but even so only back to where it was less than 6 months ago.

Overall though their long term record speaks for itself.

Predictably Personal Assets by contrast has hardly moved but the question is 'How much good has that done most holders?'

Dod

richfool wrote:I came across this article on Citywire:

A heavy sell-off in 'darling' AIM stocks took a big bite out of some funds, while one fund surged 11% in the sell-off.
Markets
US investors were the catalyst for this week's heavy stock market falls, but the fund managers who suffered the worst of the sell-off were those with a focus much closer to home.

https://citywire.co.uk/money/the-funds- ... e=readmore


And as a bonus another one about Baillie Gifford funds bearing the brunt:

Baillie Gifford bears brunt as funds dive in sell-off
Heavy markdown to technology stocks hurts growth-focused asset manager, whose funds are among day's biggest fallers.

https://citywire.co.uk/money/baillie-gi ... e=readmore

Always remember when reading its articles that it ignores rules-based, i.e passive,funds. They make up about 10% of the funds in the UK All Companies sector.