Baillie Gifford European... Share Discussion Threads

[galeforce1] 24/8/2023 13:00

The performance of BGEU over the last 3 years has been almost unbelievably bad!

BGEU NAV is -12.% over 3 years

AIC Europe average NAV is +24% over 3 years

The share price performance is much worse.

But if you look at the top 10 stocks in the portfolio they look sensible enough - they include Ryanair, Richemont, ASML and Atlas Copco, amongst others I don't know.

[novision] 25/1/2023 10:33

Anyone feeling brave here yet?

[spectoacc] 06/7/2022 05:48

Absolutely - still our big export market. Let's hope Zahawi (lol) has some plans up his sleeve.

Italy's debt is unsustainable. Watch the spread over German Bunds.

Monetary union without fiscal union is an attempt to square a circle - it won't ultimately succeed.

[hugepants] 05/7/2022 21:43

It's an interesting plan but if Europe does have another debt crisis probably everything will be affected anyway. Not just Europe.

[spectoacc] 05/7/2022 15:31

Re "Revert to Mean" comment above:



So they're arguably there, but it's the overshoot I'd want to buy (if I wasn't already in too many falling REITs).

Europe has at least the potential to get extremely dodgy - Euro crisis #2 is coming, this time featuring Italy as Greece.

They'll find a way to kick the can down the road - they always do - but it isn't going to be pretty.

[hugepants] 05/7/2022 15:21

I must admit to buying these. It's only down 46% ytd and that 0.45% yield can't be ignored.

[spectoacc] 16/6/2022 09:41

Mind you, we've switched from paper notes to polymer, so you'd have to take the cash to your bank, where nowadays they'd ask you questions. And with the cost of petrol these days....


4 predictable things:

- NFTs are bunkum
- Cypto is bunkum
- TSLA is preposterously over-valued
- Baillie Gifford funds to revert to mean (& overshoot on the way down - BG don't have the magic sauce).

Buying that overshoot is my plan, but feels like we're still a way off.

[andyj] 16/6/2022 09:15

Indeed, back to where it was 22 years ago. Without a worthy dividend, it has a record equal to burying cash under the mattress.

[spectoacc] 12/5/2022 14:19

@ali47fish - I see it's now halved from when you asked that question.

Hopefully you didn't buy.

[ali47fish] 05/10/2021 16:48

for those invested here do you think this is a good entry and what is the outlook please!

[caradog] 02/6/2021 10:14

BG don’t have any ETFs. In fact, they are scornful of the very idea of passive investing. I have a lot in BG, exclusively in the investment trusts rather than in the OEICs. BGEU included, but not despite Brexit, but because of it. Small European companies now have a substantial advantage over their GB equivalents, with unfettered access to the single EU market.

[craftyale] 02/6/2021 05:49

I'm quite a fan of BG and own a number of the ETFs. It's been a quiet couple of months but BGEU is a favourite of mine, despite Brexit :)

[brucek1812] 28/5/2021 21:05

This is ticking up nicely again after a quieter 6 months (still 14% up). Like the portfolio top 10 here, the managers and also unquoted holdings like Northvolt. Well-positioned.

[killing_time] 20/1/2021 10:14

Baillie Gifford European issuing 10 new shares for every one previously held on the 29th Jan for trading on the 2nd Feb.
That should rerate the share price to about 140p roughly depending on closing price on 29th Jan.

[brucek1812] 17/10/2020 16:38

I see the managers have just made their first unquoted investment into Swedish battery producer (also backed by Goldman) managed by ex Tesla team. Looks exciting.

[bramcych] 12/10/2020 12:22

I agree that there is performance and potential in this trust, flying below the radar screen while JEO is spluttering under the hubris of Darwall

[brucek1812] 10/10/2020 13:58

Very few posts on BGEU - a trust that has some great holdings and a very slight premium but less than other BG growth trusts. Prosus, Zalando (with momentum), Spotify and IMCD as largest holdings. Any other fans out there and views on longer term potential?