The History of Keystone Positive Change Investment Trust.
Historian John Newlands continues our series on the history of investment trusts managed by Baillie Gifford. Join him as he takes a look back at the origins of the Keystone Positive Change Investment Trust and its surprising connections to the feared and respected City Baron, Sir Siegmund Warburg.
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Please remember that the value of an investment can fall and you may not get back the amount invested.
The views expressed should not be taken as fact and no reliance should be placed upon these when making investment decisions. They should not be considered as advice or a recommendation to buy, sell or hold a particular investment. If you are unsure whether an investment is right for you, please contact an authorised intermediary for advice.
This article was produced and approved in June 2021 and has not been updated subsequently. It represents views held at the time of recording and may not reflect current thinking.
The trust invests in companies whose products or behaviour make a positive impact on society and/or the environment. This means the trust will not invest in certain sectors and companies and the universe of investments available to the trust will be more limited than other funds that do not apply such criteria. The trust therefore may have different returns than a fund which has no such restrictions.
The trust invests in overseas securities. Changes in the rates of exchange may also cause the value of your investment (and any income it may pay) to go down or up.
The trust's risk could be increased by its investment in unlisted investments. These assets may be more difficult to buy or sell, so changes in their prices may be greater.
The trust invests in emerging markets where difficulties in dealing, settlement and custody could arise, resulting in a negative impact on the value of your investment.
Baillie Gifford & Co Limited is authorised and regulated by the Financial Conduct Authority (FCA). The investment trusts managed by Baillie Gifford & Co Limited are listed UK companies. The Keystone Positive Change Investment Trust is listed on the London Stock Exchange and is not authorised or regulated by the Financial Conduct Authority.
For a Key Information Document for the Keystone Positive Change Investment Trust, please visit our website at www.bailliegifford.com