Is complexity required for investment success?

A long-term perspective, combined with a simple and consistent approach can be a true differentiator amongst strategies. This approach can uncover hidden gems and capitalise on the power of compounding to deliver steady returns over decades, explains Steven Hay and Iain McCombie of the Baillie Gifford Managed Fund. Despite almost four decades of bullish and bearish markets as well as numerous financial and geopolitical crises, the Baillie Gifford Managed Fund has stayed focused. Stock selection is the main driver of returns, and the fund therefore invests in 75% equities and 25% bonds and...