Baillie Gifford US Growth Trust : USA
Baillie Gifford US Growth Trust aims to produce long-term capital growth. It will invest predominantly in equities of companies which are incorporated or domiciled, or which conduct a significant portion of their business, in the United States and which the company believes have the potential to grow substantially faster than the average company over the long term. Such investment will typically be direct, but may be indirect, including through investment in funds. Up to half the fund can be invested in unlisted securities. The fund’s portfolio will have a maximum of 90 holdings, typically with 30 to 50 listed security holdings.
The investment manager believes that the United States is an attractive location for starting innovative businesses that may develop into exceptional growth companies. The United States is home to some very active and diverse entrepreneurial hubs, whose conditions and collective wisdom for creating innovative companies is, in the Investment Manager’s view, unrivalled. Silicon Valley has become a nexus for some of the world’s most exciting technology companies, while Boston and San Francisco play hosts to deep concentrations of bio-technology companies operating at what the manager understands to be the vanguard of scientific advancement in their respective fields. This abundance of thriving entrepreneurial ecosystems makes the United States fertile ground for the manager to identify exceptional growth companies.
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