Baillie Gifford US Growth trust (USA)
Posted: August 11th, 2021, 9:37 am
Baillie Gifford's USA Growth Trust - Preliminary Results for the year ended 31 May 2021:
https://www.investegate.co.uk/baillie-g ... 00102219I/
During the financial year to 31 May 2021, the Company's share price and net asset value (calculated deducting borrowings at fair value) returned 63.0% and 62.8% respectively. This compares with a total return of 22.4% for the S&P 500 Index * (in sterling terms).
¾ The pandemic has caused an avalanche of structural change.
¾ Breakthrough healthcare technologies such as Moderna's mRNA therapy platform and Teladoc's telemedicine services have been thrust into the mainstream.
¾ Consumers have altered their behaviour and have been making more purchases online from the likes of Wayfair and utilising apps such as DoorDash for meal and snack delivery.
¾ Streaming services like Netflix and Roku have seen significant upticks in subscriber growth.
¾ Employers have been forced to embrace remote working, enabled at least partly thanks to the interconnectivity provided by companies such as Zoom.
¾ We are beginning to see the digital transformation take hold in new areas and have taken new public company holdings in Carvana and Vroom in the second-hand car market, Lemonade in insurance, and Coursera in education.
¾ We made seven additional private company investments over the last twelve months whilst four of our existing private company holdings went public in the period.
¾ At the end of May, we held positions in twenty private companies which collectively comprised 16.5% of total assets
https://www.investegate.co.uk/baillie-g ... 00102219I/