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SDU
john brace
Posted: 29 April 2018 10:12:32(UTC)
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Does anyone rate SDU now that Baillie Gifford are taking over? I don't really fancy UK but after an abysmal performance in the past, Baillie Gifford could improve things a lot.
Looking at the trades, no one else seems to agree with me!
Keith Cobby
Posted: 29 April 2018 16:06:13(UTC)
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Having sold most of my UK exposure I am looking at this. Disappointing that it is not expected to be available through the BG savings plans.
Alan Selwood
Posted: 29 April 2018 21:57:26(UTC)
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It has been argued in IC that the UK market has been oversold.

Make of this what you will.
1 user thanked Alan Selwood for this post.
Tim D on 30/04/2018(UTC)
john brace
Posted: 30 April 2018 07:25:01(UTC)
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In at 187.5. Should have bought last week but fingers crossed.
richard tomkin
Posted: 30 April 2018 20:26:59(UTC)
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Had SDU for about twelve years now.Not a great advertisement for Schroders.Too many changes,too little focus.Up only about 90%,but will hold in case Baillie Gifford come up with the goods.Not much confidence,but will give it a go.
martin verlaine
Posted: 01 May 2018 12:27:08(UTC)
#6

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I noted the announcement and whilst I like BG as a Group I am not so clear how good their track record is in running UK based funds ( assuming the mandate remains the same?) If you look at the list of current investments it is quite concentrated with about £100 m ( so 1/3rd of the trust) invested in the following

Tesco
Lloyds
Shell
BP
Glaxo
Standard Chartered
Aviva
Balfour Beatty
Brit American Tobacco

Arguably quite a large ' punt' on Balfour Beatty ( which I like for the recovery story) at 4.33% of the Fund. Plenty of dogs as well such as Capita, Pearson.

It is pretty stuffed with higher yielding equities so not sure the ' growth' tag quite matches where it is invested. The fate of the Schroder Savings Scheme holders remains unclear as this is a potential overhang but I expect most would be private investors and therefore likely to remain invested.

I did have this on a KIV given the discount. This has closed somewhat. I think proof of the pudding applies here and I would want to understand the BG investment policy before investing
Rishan
Posted: 01 May 2018 13:49:29(UTC)
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I think I read somewhere that BG were going to aim for 2.5% yield.

Not quite sure how they can do that at the same time as keeping the objective and investment policy the same, which has also been stated.

I'll watch it and see what they do with it, but won't be buying unless they dramatically change the portfolio. I was hoping this might turn into a 'better' WPCT, which would seem to be a good fit for a BG trust.
J Thomas
Posted: 26 May 2018 17:25:59(UTC)
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I have been monitoring the Baillie Gifford US Growth Trust since the launch on the 20th March 2018. Seems a promising start, up 15% with a NAV premium of 1.85%, and market cap of £210 Million.
I am temped to buy next week, my only concern being I hold much of the top ten holdings in Fundsmith, Lindsell Train Global Equity, and SMT. As well as directly in individual shareholdings.
Thoughts for the weekend.
Keith Cobby
Posted: 26 May 2018 17:52:52(UTC)
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I bought the BG US Growth Trust on launch. I will probably buy into the Schroder UK trust as I expect the portfolio will be completely different in BG's hands. The current value traps will all be sold. I expect it to be more of a special situations fund.
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