Baillie Gifford Euro Sm Cos: Qual. Rating Updated

We don’t see Baillie Gifford European Smaller Companies as a stand-out choice, despite strong performance in 2009.

Chetan Modi 3 March, 2010 | 9:44AM
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We have published a new Morningstar Qualitative Rating and Research Report for Baillie Gifford European Smaller Companies.

"This Europe-ex UK fund benefitted from a tailwind in 2009. The lower average market cap here relative to the typical Morningstar Europe Ex-UK Small/Mid Cap Equity peer helped it beat the average by 13.5 percentage points as small caps comfortably outpaced their mid- and large-cap brethren. However, relative to a custom peer group focused on small caps, the margin of outperformance was 7.6 percentage points."

The full four-page PDF report can be accessed here. It is free to users of morningstar.co.uk.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Baillie Gifford Global Discovery A Acc1,041.23 GBP1.29Rating

About Author

Chetan Modi  is a fund analyst at Morningstar OBSR.

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