Baillie Gifford managers soar up Citywire’s Scottish ratings table

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MARGARET TAYLOR

Baillie Gifford’s Michael Gush has moved up to second place in the rankings.

information technology and consumer discretionary stocks had been of particular benefit to performance.

“Notable positive contributors included our holdings in the information technology sector, particularly in semiconductor hardware,” he said.

“ASM Pacific, a global leader in semiconductor equipment and a supplier to the likes of TSMC, performed strongly, as did Hon Hai, Sunny Optical and Largan, all of which are geared into the digitalisation of the world economy.

“Our holdings in the consumer discretionary sector also contributed positively to performance.

“Geely, a leading Chinese car company, and Fuyao Glass, a domestic auto parts

supplier, both had excellent operational results.”

Mr Gush, who is AA-rated by Citywire, co-manages the Emerging Markets Fund with Richard Sneller and the Greater China Fund with Sophie Earnshaw, neither of whom were listed in the latest Citywire rankings.

Elsewhere in the table, fellow Baillie Gifford manager Matthew Brett had the most-improved performance month on month, climbing 874 places in the overall Citywire table to rank at number 20 in the Scottish chart. Mr Brett runs two Japanese funds.

His colleagues Will Sutcliffe and Gary Robinson, who manage the Baillie Gifford Emerging Markets Leading Companies and Baillie Gifford American funds respectively, also had a strong showing, climbing 771 and 745 places to rank in 15th and 19th place respectively.

The Amati managers who topped the table, all of whom are AAA-rated by Citywire, also managed to improve their ranking in the global table month on month.

Having been in 78th position for the three years to the end of July, they moved up to position 68 at the end of August.

There was only one female manager in the Scottish table in August, with Kames Capital’s AA-rated Elaine Morgan climbing 371 places in the global table to rank in position 12.

She manages Kames’ UK Companies fund.

Smaller MESSRS Craig Wilson Ltd sold 315 store heifers at Ayr on Thursday to a top of £1,180 per head and 252.5p per kg to average £890.75 and 212.3p (+1.5p on the fortnight), while 544 store, beef-bred bullocks peaked at £1350 and 253.3p to level at £1,007.43 and 219.4p (-2.4p). One-hundred-andthree store, B&W bullocks sold to £965 and 156.4p to average £660.15 and 147.8p (-1.9p).

Harrison & Hetherington Ltd sold 38 store heifers in St Boswells on Thursday to a top of £995 and 229.9p to average £782.76 and 206.1p, while 104 store bullocks peaked at £1,170 and 242.3p to level at £926.73 and 221.3p.

C&D Auction Marts Ltd had a much smaller show of 2970 prime lambs in Longtown on Thursday following this week’s lull in the trade. Top prices on the day were 251p per kg and £103 per head with the overall average levelling at 173.4p (-18.3p). Another good show of 4728 cast sheep saw heavy ewes sell to £140 for Texels and average £69.22 (-£9.74), while light ewes peaked at £66 for Lleyns and levelled at £38.31 (+17p). Rams sold to £190 for a Texel and averaged £71.11.