Does this mean āAsset Management Costsā?
Baillie Gifford will be paid an annual management fee, covering AIFM, company secretarial and administration services, based on the Companyās market capitalisation to enhance alignment with shareholder returns. The fee will be 0.70% on the first Ā£100 million of market capitalisation, 0.65% on the next Ā£150 million, and 0.55% thereafter. The management fee will be waived for the first six months of management. There will be no performance fee provisions. The notice period in respect of the management agreement will, after an initial transition year, be three months.
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āChargeā rather than āCostsā but essentially yes, spot on.
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Iāve added it in although only a small percentage of my BG pie. How do you think it will perform compared to the USA and SMT trusts?
Thanks for sharing this. Iāve dipped my toes with a small position due to the presentations/interviews. Anyone knows the holdings?
If itās any comparison, I invested in the US and Positive Change mutual funds, as well as SMT, in my SIPP back in May;
- SMT up 80.5%
- US fund up 78.5%
- Positive Change fund up 57.5%
So not as successful but great growth regardless. Plus the holdings I doubt will be identical.
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Not a bad return at all! Thanks for sharing the comparison.
I wonāt be adding this one. Iām a cynical so-and-so and I prefer to leave subjective questions about ethics etc out of investing. That said, BG seems to have struck a healthy balance between returns and āpositive changeā, so much so that the two go hand-in-hand. If I was to go the āsocially responsibleā route, I would go with this IT or the mutual fund.
Does anyone know why my order isnāt processing on the keystone investment trust?
Anyone have a theory on why BGCG is on such a roll?
Well its all chinese funds I think, I dont own BGCG but I own the BG China fund and also FCSS and both have done very well. Looks like FCSS is about a 1-2% behind BGCG over last months but ahead over last 3 months (due to BGCG extra releases etc I expect).
Its for this reason regardless of if FCSS, BGCG or other I feel everyone should have exposure to Chinese markets. WHilst some US have been flat recently for me Chinese holdings spurred growth and vice versa last year at time when Chinese holdings flat US rose strongly.
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Hopefully avail tomorrow
And itās Chinese New Year tomorrow. Iām sure that has something to do with it. People off and spending money in China?
Could be but that wouldnāt impact stock price instantly I wouldnāt think, perhaps people are investing money they got as presents? As this time of year lots of cash in red envelopes or digital red envelopes on apps. Or as many Chinese cannot move back to hometown for holidays they have time to invest? Maybe a mix of it all, but also I think the fact its reopening well compared to other countries so economy growing.
Yeah the impact mightnāt be seen as fast, youāre right.
The timing is unusual though. Could be people investing their cash though.
Yes I hear most of China is back to normal right now from anecdotal personal reports Iām hearing.
Is that up or down from previously? If down I wouldnt be suprised them taking profit or seeing better places for money with its run. If its increased thats odd I would say.
If you have a look at Morningstar or somewhere, you will see the history in the accounts.
Iām so happy about this. Iām now calmer about the coming volatility of the Tesla impacting the trust. 
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If Iām remembering correctly itās down on last month, great news imo
Only other holdings info I can find online after a quick search is as of Nov 2020, Tesla was 10% then