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Baillie Gifford US Growth Trust PLC on Friday said it believes it is well positioned for future growth as its net asset value grew, though its return was less than the S&P 500 index. The Edinburgh-based investor in US companies said net asset value per share was 301.64 pence, up 14% from 264.48p at May 31. NAV total return was 14.1% in the six months to November 30, underperforming against the S&P 500 Index in sterling terms, which had a return of 18.6%. The firm said that during the six months, it reduced its holding in SpaceX. As at Wednesday, SpaceX represents 11.5% of its total assets. Looking ahead, Baillie Gifford US said it believes it is well positioned for future growth amid an improving macro backdrop for innovative, growth focused businesses. Chair Tom Burnet said: ‘The board remains focused on delivering long-term value for shareholders and on stewarding a portfolio of businesses with significant potential for durable growth. In parallel, we will continue to engage with shareholders on the company’s future direction, while remaining steadfast in our commitment to act in the interests of shareholders as a whole.’ Baillie Gifford US shares were 0.2% higher at 285.50 pence each on Friday morning in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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