Post by AyG on Jan 26, 2022 11:00:52 GMT 7
Trustnet has an article "90% of funds lose money over 2022 in worst start of the century". It includes a table of the worst 20 performing Investment Trusts so far this year. What is notable is the number of Baillie Gifford funds in the list: US Growth (-31.8%), Schiehallion (-26.8%), Edinburgh Worldwide (-26.3%), Scottish Mortgage (-24.1%), Pacific Horizon (-23.1%). The firm is also overrepresented in the fund category.
I feel sorry for people who have naïve bought into Baillie Gifford based upon recent outperformance, probably not understanding that the outperformance was only possible by taking on a high level of risk, and that it was not sustainable. Let's hope for their sake that the carnage ends here.
www.trustnet.com/news/13290118/90-of-funds-lose-money-over-2022-in-worst-start-of-the-century
I feel sorry for people who have naïve bought into Baillie Gifford based upon recent outperformance, probably not understanding that the outperformance was only possible by taking on a high level of risk, and that it was not sustainable. Let's hope for their sake that the carnage ends here.
www.trustnet.com/news/13290118/90-of-funds-lose-money-over-2022-in-worst-start-of-the-century
. long time BG holder and fan here, yes it doesnt make for pleasant reading my latest portfolio update, nothing I havent seen before. 
