The managers raise the notes in May
Sophie Earnshaw, Baillie Gifford
Baillie Gifford’s Sophie Earnshaw has regained her AAA rating after breaking a winning streak last month.
Earnshaw, who manages the £ 766million Baillie Gifford China fund with Mike Gush and Roderick Snell, had managed to achieve an AAA rating in the first three months of the year before switching to AA in April, but now has regained the highest honor.
The fund outperformed its peers in the China / Greater China Investment Association (IA) in some way over three years, with a return of 70.6% vs. 42%, and beat the MSCI China All Share, which increased by 33.2%.
The manager, who also helps manage closed-end trust Baillie Gifford China Growth (BGCG), told Citywire earlier this year that she believes China is likely to lead the world in the electric vehicle race.
She said the Chinese government has invested a huge amount in charging infrastructure which will help advance the theme in the country. It is playing on the trend with a stake in Contemporary Amperex Technology, or CATL, a battery manufacturer specializing in the production of lithium batteries for electric vehicles and charging ports. It currently represents 2.8% of the fund.