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About the company
Baillie Gifford China Growth Trust plc is a United Kingdom-based investment trust. The Company’s investment objective is to produce long term capital growth by investing predominantly in shares of, or depositary receipts representing the shares of, Chinese companies. The Company invests in Chinese companies that are listed, quoted, or traded on any market, or unlisted. Its portfolio comprises between 40 and 80 listed and unlisted securities. The Company invests up to 20% of its assets in companies not listed on the public market. It invests up to 10%, in the aggregate, of gross asset value at the time of acquisition in other listed closed-ended investment funds. It has investments in various sectors, including consumer discretionary, communication services, industrials, information technology, health care, consumer staples, financials, materials, utilities, real estate and net liquid assets. Its alternative investment fund manager (AIFM) is Baillie Gifford & Co Limited.
- Revenue in GBP (TTM)-80.90m
- Net income in GBP-83.18m
- Incorporated1907
- Employees0.00
- LocationBaillie Gifford China Growth Trust plcCalton Square, 1 Greenside RowEDINBURGH EH1 3ANUnited KingdomGBR
- Websitehttps://www.bailliegifford.com/en/uk/individual-investors/funds/baillie-gifford-china-growth-trust/
Profile
Management group(s) | Baillie Gifford & Co Limited. |
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AIC sector | China / Greater China |
ISIN | GB0003656021 |
Launch date | 24 Jan 1907 |
Share type | Ordinary Share |
Structure | Investment Trust |
Base currency | GBP |
Objective
The Trust aims to produce long term capital growth by investing in an actively managed portfolio of Chinese companies. Up to a maximum of 20% of assets may be invested in companies not listed on a public market (measured at time of purchase). We invest on a long-term (5 year) perspective, and have a strong preference for growth. We are looking for significant upside in each stock that we invest in. The process is driven by rigorous, fundamental, bottom-up analysis undertaken by our dedicated emerging markets team, with input from our China office. The fund managers draw on this analysis, as well as insights gleaned from discussion with all of Baillie Gifford’s global investors, to produce a portfolio that typically holds 40–80 stocks.
Managed by
Sophie Earnshaw, Linda Lin |
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Management & contract fees
The annual management fee of (i) 0.75 % of NAV on the first GBP 50m ; plus (ii) 0.65 % of NAV between GBP50m and GBP250m; plus (iii) 0.55% of NAV in excess of GBP250m. This is calculated and payable on a quarterly basis. The Investment Management Agreement can be terminated on three months notice.
Peer analysis
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Octopus AIM VCT plc | -21.82m | -24.88m |
Northern 3 VCT PLC | 5.86m | 3.16m |
Us Solar Fund PLC | -28.79m | -34.47m |
Baillie Gifford China Growth Trust PLC | -80.90m | -83.18m |
Amati AIM VCT PLC | -41.59m | -44.82m |
Majedie Investments plc | 3.51m | -824.00k |
Albion Development VCT PLC | 8.80m | 5.75m |
M&G Credit Income Investment Trust PLC | 15.19m | 13.31m |
Keystone Positiv Chng Invstmnt Trust PLC | 12.09m | 9.57m |
Albion Technology & General VCT PLC | 7.68m | 4.35m |
Institutional shareholders
Holder | Shares | % Held |
---|---|---|
City of London Investment Management Co. Ltd.as of 26 Mar 2024 | 10.46m | 17.01% |
Bill & Melinda Gates Foundation Trust (Investment Management)as of 02 Apr 2024 | 3.10m | 5.03% |
Rathbones Investment Management Ltd.as of 10 Nov 2022 | 3.03m | 4.93% |
Hargreaves Lansdown Asset Management Ltd.as of 02 Apr 2024 | 2.44m | 3.97% |
Wesleyan Assurance Societyas of 02 Apr 2024 | 1.41m | 2.29% |
Legal & General Investment Management Ltd.as of 02 Apr 2024 | 893.00k | 1.45% |
BlackRock Investment Management (UK) Ltd.as of 02 Apr 2024 | 886.00k | 1.44% |
Investec Wealth & Investment Ltd.as of 02 Apr 2024 | 560.00k | 0.91% |
Bank of Singapore Ltd.as of 02 Apr 2024 | 375.00k | 0.61% |
Evelyn Partners Investment Management Services Ltd.as of 02 Apr 2024 | 362.00k | 0.59% |