Baillie Gifford European Growth trust commits to 'never waste a crisis' approach

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The Baillie Gifford European Growth trust has taken a ‘never waste a crisis’ approach over the last six months, as the fund attempts to overlook the short-term headwinds facing the continent.

Managers Chris Davies and Stephen Paice highlighted their ability to overlook short-term headwinds through their investments in Ryanair and Wizz, which have been "thriving" since the pandemic, as "the only two airlines in expansion mode". They added they had been continuing to "focus zealously" on long-term signals, stating that what they see today "differs significantly from the prevailing pessimistic mood". In the trust's half-year report today (12 May), it revealed that in the six months to 31 March, its net asset value per share total return reached 22.9%, compared to a FTSE Europ...