Three Baillie Gifford funds and Liontrust Russia suffer biggest losses in Q1 2022

Scottish Mortgage also struggles

Lauren Mason
clock • 4 min read

The Baillie Gifford American, European and British Smaller Companies funds all found themselves in the list of the ten worst-performing open-ended vehicles during Q1 2022, according to data from Morningstar obtained by AJ Bell.

Liontrust Russia was unsurprisingly the worst-performing fund overall, having lost 63.9%, while Morgan Stanley Global Insight was second from the bottom with a loss of 25.3%. Baillie Gifford American and European lost a respective 22.9% and 23.2%, while Morgan Stanley US Advantage found itself fifth on the list having fallen by 22.3%. All other funds on the list - S&W Aubrey Global Conviction, Jupiter UK Mid Cap, Baillie Gifford British Smaller Companies, SVM UK Growth and T. Rowe Price Global Tech Equity - lost between 20% and 22% over the three months. Conversely, Latin American equ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Committee warns of Treasury 'passivity' on financial stability private markets risks

Committee warns of Treasury 'passivity' on financial stability private markets risks

Concerns around gap in policymakers' evidence

Patrick Brusnahan
clock 12 January 2026 • 2 min read
Darius McDermott: The lessons from 2025 and opportunities ahead

Darius McDermott: The lessons from 2025 and opportunities ahead

'2025 has been a salutary lesson in the difficulty of timing markets'

Darius McDermott
clock 07 January 2026 • 5 min read
Trump, Modi and US-India trade tensions – who cares?

Trump, Modi and US-India trade tensions – who cares?

A bottom-up approach to finding hidden gems

Gabriel Sacks
clock 02 January 2026 • 4 min read