18
RAGING BULL AWARD-WINNING FUND
BAILLIE GIFFORD WORLDWIDE LONG TERM GLOBAL GROWTH FUND ♦ Raging Bull Award for Best (FSCA-Approved) Offshore Global Equity Fund (straight performance over three years to December 31, 2021)
THE UK-based investment house Baillie Gifford was founded in Edinburgh, Scotland, in 1908. As of September last year it had just under half a trillion dollars of assets under management. The company has seven worldwide funds that are marketed in South Africa by Sanlam Collective Investments. Of
these, the Worldwide Long Term Global Growth Fund has won a certificate for its outstanding performance over three years: 41% a year, on average, over that period, which is almost double its benchmark, the MSCI All Country World Index, which delivered 21.2% annualised. While the short-term surge is welcomed, the fund essentially aims to deliver superior long-term returns for investors by investing in companies that are in the high-growth phase of their development. The portfolio contained only 37 stocks in December. The top five holdings were: Amazon (5.6%), NVIDIA (5.5%), Tesla (5.2%), ASML (4.5%) and Moderna (4.2%). In the fact sheet, the two managers
of the fund, Mark Urquhart and Tom Slater, say: “Long Term Global Growth is a purely stock-driven, unconstrained global equity strategy focused on investing in exceptional growth companies from around the world. The approach is committed and expressly long-term because we believe that investing in companies with the scope to grow to multiples of their current size over the next decade has the potential to transform the returns achieved for investors over time. “Portfolio holding sizes are based purely on our view of the magnitude of the potential upside and our associated level of conviction. The turnover in the portfolio is low, reflecting our long-term perspective and resistance to trading on short-term news flow.”
PLEXCROWN RATING OF MANAGEMENT COMPANIES DOMESTIC MANAGEMENT COMPANY RATINGS
OFFSHORE MANAGEMENT COMPANY RATINGS
AS AT 31 DECEMBER 2021
AS AT 31 DECEMBER 2021
MANAGEMENT COMPANY
PLEXCROWNS
Ninety One 4.243 Mi-Plan 3.590 Coronation 3.511 Boutique Collective Investments 3.420 Absa 3.323 Prescient 3.234 Stanlib 3.224 H4 Collective Investments 3.177 Discovery 2.950 PSG 2.899 Old Mutual 2.840 M&G Investments 2.812 Nedgroup Investments 2.786 Alexander Forbe 2.736 Prime Collective Investment Schemes 2.708 Oasis 2.527 Allan Gray 2.523 Momentum 2.521 Marriott 2.372 IP Management Company 2.358 Ashburton 2.257
MANAGEMENT COMPANY
PLEXCROWNS
Melville Douglas 4.000 PineBridge 3.750 Ashburton 3.667 T Rowe Price 3.589 Investec World Axis PCC 3.500 Marriott 3.500 Nedgroup Investments International 3.375 Stanlib 3.367 Alexander Forbes Investments (Jersey) 3.250 VAM Global Management Company 3.208 Oasis 3.167 Sarasin 3.125 Sanlam 3.103 Schroder 3.000 Coronation 2.917 Ninety One Global Strategy Funds 2.900 Momentum 2.875 Foord 2.750 Allan Gray 2.500 Standard Bank 2.500 Prescient 2.333 Brooks Macdonald International 2.167
