ObjectiveThe value of investments and any income from them may go down as well as up and you or your client may not get back the amount originally invested.
The European Fund aims to outperform (after deduction of costs) the MSCI Europe ex UK Index, as stated in Sterling, by at least 1.5% per annum over rolling five-year periods. There is no guarantee that this objective will be achieved over any time period and actual investment returns may differ from this objective, particularly over shorter time periods. The manager believes this is an appropriate benchmark given the investment policy of the Fund and the approach taken by the manager when investing.
Meet the ManagersStephen Paice
Stephen is Head of the European Equity Team and a member of the Global Stewardship Portfolio Construction Group. He joined Baillie Gifford in 2005 and spent time in the US, UK Smaller Companies and Japanese Equities Teams. Stephen graduated BSc in Financial Mathematics in 2005.Moritz Sitte
Moritz joined Baillie Gifford in September 2010 and is an Investment Manager in the European Equity Team. He graduated BSc in Business Administration from the University of Regensburg, Germany in 2009 where he took part in the Honours Elite Degree Programme. Moritz then went on to complete an MSc in Finance and Investment from the University of Edinburgh in 2010.Chris Davies
Chris joined Baillie Gifford in 2012 and is an Investment Manager in the Europe Team. He graduated BA (Hons) in Music from the University of Oxford in 2009 and went on to gain an MMus in Music Performance from the Royal Welsh School of Music and Drama in 2010 and an MSc in Music, Mind and Brain from Goldsmiths College in 2011.
Actual investors imagine 'what if?'
Not 'what is'.
Launch Date 17 June 1985 Benchmark MSCI Europe ex UK Index + 1.5% The Investment Association Sector Europe excluding UK XD Date Last day of April each year Distribution Last day of June each year Pricing Valuation point 10am daily, swinging single price Active Share 91%** Rayner Spencer Mills Research Rated Fund* Download Dynamic Planner Premium Rating
Investment Choice and Charges
Share Class ISIN Number SEDOL Number Min. Investment Min. Top Up Ongoing Charges* Initial Charge A Acc GB0006057284 0605728 £1,000 £100 1.43% 0% B Inc GB0006057391 0605739 £1,000 no minimum 0.58% 0% B Acc GB0006058258 0605825 £1,000 no minimum 0.58% 0%
* Interim figures as at 31/10/2019
A further explanation of all the charges and costs relating to this Fund can be found in the Enhanced Disclosure of Fund Charges and Costs document.