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Baillie Gifford Managed Fund update

Key Points

- The Managed Fund has been going through a difficult period for performance driven by volatile markets, inflation and rising interest rates

- Despite strong operational performance, growth companies have been hit due to a sentiment shift in the wider market rather than their own shortcomings

- We will stick to our philosophy and continue to review the investment cases of our holdings – avoiding the distraction of short-term noise is key to success

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7 minutes