Baillie Gifford European Growth Trust Reports Mixed Results

Baillie Gifford European Growth Trust PLC GBP (GB:BGEU) has released an update.

Baillie Gifford European Growth Trust reported a 12.1% net asset value growth over the year ending September 2024, below the 15.3% return of the FTSE Europe ex UK Index. The company is committed to a performance-triggered tender offer if underperformance continues over the next four years. Despite challenges, the portfolio saw strong returns from public companies like Spotify and Adyen, while facing setbacks with firms like Northvolt and McMakler.

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