Baillie Gifford US Growth discount narrows as positive performance returns

Six-month results

Baillie Gifford US Growth trust has posted a return to positive performance after two consecutive years of declining net asset value.

In its results for the six months to 30 November 2023, the trust reported share price and NAV returns of 12.3% and 4.1%, respectively. This compared with a 7.9% total return for the S&P 500 index benchmark, in sterling terms. Baillie Gifford adds European fund co-manager amid performance challenges Chair Tom Burnet highlighted the narrowing of the trust's discount from -22.4% in June to -16.2% at the end of November, a factor he said had been a "challenge to many shareholders". According to data from the Association of Investment Companies, BG US Growth's discount has narrowed even...