Brewis shifts from global to domestic in view US is 'better than people think'

Manager maintains ‘reasonably upbeat' stance on long-term prospects for US consumers, as housing market shows signs of bottoming out.

The Baillie Gifford North American fund has been a regular feature in Investment Week’s Consistent 50 list of onshore funds that have generated strong three-year performance with a better-than-average level of volatility and gain versus loss profile. The £170m fund has delivered 44.6% over three years to 14 October compared to a sector average of 38%, ranking it in the top quartile of the IMA North America peer group. Morningstar has awarded the fund a consistency score of three, and its average decile rank in its sector is 4.86, placing it at number 10 out of the 50 funds in the list.  ...