Three global growth stocks galloping ahead

Professional investor Malcolm MacColl of Baillie Gifford’s Monks Investment Trust highlights three of his favourite growth stocks.

A professional investor tells us where he'd put his money. This week: Malcolm MacColl of Baillie Gifford's Monks Investment Trust highlights his favourites.

Monks Investment Trust is a £1.7bn global fund that harnesses the stock picking capabilities of Baillie Gifford. Established in 1929, it consists of an actively managed worldwide equity portfolio of around 120 growth stocks. Stocks are picked on the basis of fundamental attractions, irrespective of location, resulting in a portfolio with an active share of around 90% (so nine-tenths of the portfolio differ from the benchmark index). The focus is on companies that can deliver above-average earnings growth of approximately 15% a year. Our core belief is that share prices ultimately follow earnings.

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Malcolm MacColl is manager of Baillie Gifford’s Monks Investment Trust