Edinburgh Worldwide IT - Upgraded

By MARCEL PORCHERON 02/02/2006

• EMAIL
• PRINT
• SUBSCRIBE

This trust provides global exposure, where the best companies in any sector are held. The manager runs a concentrated portfolio of Baillie Gifford's best ideas. The group aim to add the majority of value through a fundamental non-indexed approach to investing, while asset allocation is driven by bottom-up inputs, as Baillie Gifford do not make macroeconomic calls. Typically the manager targets companies with a long-term outlook such as Porsche, Hermes, Google and Ebay. The companies held will be well managed with sustainable competitive advantages, producing above average growth in earnings and where appropriate, dividends. Typically, less emphasis is placed on valuation, where the manager targets companies which are able to grow their earnings faster than the market. While recent performance has been very good, the manager Urquhart only has a short identifiable track record. Currently the manager is heavily invested in emerging market and resource stocks which have been the main drivers of returns. However, we are confident in Baillie Gifford's long term process and know the manager and team well. As a result, we are upgrading our rating on this fund. EWIs NAV return was 42.10% over 1 year against 21.70% for the index.

top of form  

Email this page to a friend

Please fill in the form below then click Send article.

Your name *

Your email address *

Friend's name *

Friend's email *

Enter a brief message

Please enter the code shown above

Values delayed by at least 15 minutes.
Source: Financial Express