Monks aims for long-term capital gain from an internationally diversified equity portfolio. It is prepared to move freely between markets and adjust investment style as opportunities arise, but capital growth takes priority over income. 

Investment trusts are grouped into sectors. The classification of each trust is based on a combination of the regional or industry focus of the portfolio and the trust's investment objective. The Association of Investment Companies ('AIC') classifies investment trusts into 43 different sectors (including property). There are guidelines for inclusion in each sector. The sector classification system provides a useful way of grouping trusts to allow for comparison, but it is important to remember that no two trusts are the same. 

 
The AIC Investment Sector for this trust is Global Growth. The objective of Investment Trust Companies in this sector is to produce a total return to shareholders from capital and some dividend income. They also have less than 80% of their assets in any one geographical area with at least 20% in UK-registered companies.

Gerald is Head of the Emerging Markets Equities team. He graduated MA in Philosophy from St. Andrews University and B.Phil. in Philosophy from Brasenose College, Oxford University. Gerald joined Baillie Gifford in 1987 and became a Partner in 1998.