The Managed Fund aims to produce capital growth, over the long term. It will do this by investing in any economic sector worldwide. Investment will mainly be in shares of companies, bonds, cash and other funds which may include those managed or operated by Baillie Gifford. Derivatives, which are a type of financial contract, may be used to protect or increase the value of the Fund. This means the Fund is exposed to foreign currencies. Derivatives may be used for investment purposes as well as for efficient portfolio management.
The 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.