Edinburgh Worldwide Investment Trust – executive interview

Edinburgh Worldwide Investment Trust (EWI) aims to generate capital growth from a global portfolio of initially immature entrepreneurial companies, typically with a market capitalisation of less than US$5bn at the time of initial investment, which are believed to offer long-term growth potential (up to 25% of the portfolio can be invested in private companies). In this interview, Bill Chater, global small cap investment specialist at Baillie Gifford, elaborates on EWI’s investment approach and current portfolio positioning to capture major secular themes. He also discusses a potential broadening of the bull market to include US small-cap equities on the back of a turn in the Fed rate cycle. He comments on the potential impact of a US recession on US small-cap stocks and talks about the valuation disparity in US small-cap companies compared to large-cap stocks.

For further insights into the US small cap theme, please explore our latest thematic piece.