Terms and Conditions


Please read our terms and conditions carefully before using our website.

Proceeding to use the website (the “Site”) will indicate your acceptance of the following terms and conditions.  If you do not agree to these terms and conditions, you must not use our Site.  If you wish to use any services produced online now or in the future, you are also subject to the applicable terms which we will make available to you. 

We reserve the right to change the Site and these terms and conditions from time to time without notice to you, and your continued use of the Site indicates your continued acceptance of the terms and conditions as modified.  Every time you wish to use our Site, please check these terms to ensure you understand the terms that apply at that time. 

Scottish Mortgage

The Scottish Mortgage Investment Trust PLC is listed on the London Stock Exchange and is not authorised or regulated by the Financial Conduct Authority. Baillie Gifford & Co Limited is the authorised Alternative Investment Fund Manager and Company Secretary of the Trust.

Baillie Gifford

Baillie Gifford & Co and Baillie Gifford Overseas Limited are both authorised and regulated by the Financial Conduct Authority (“FCA”). Baillie Gifford Overseas Limited is a direct, wholly-owned subsidiary undertaking of Baillie Gifford & Co. For further information on Baillie Gifford & Co and its subsidiary undertakings (together “Baillie Gifford”) you can access the Important Information webpage here.

If you would like further information on the FCA, you can access their website here.


Copyright Notice

© Copyright Baillie Gifford 2021.  All rights reserved. 

This website, the information and images contained within it are protected by copyright. All title, ownership rights and intellectual property rights in and to the content, information, images, articles and any other related material on this Site are and shall remain the property of Baillie Gifford or third parties where relevant. Downloading, retransmission or reproduction of part or all of the Site contents in any form is prohibited, unless for personal use. Content of this Site may not be edited, altered, adapted in any way or copied to any other publication (including electronic, hard copy or others). Interior deep linking or framing of this Site is prohibited without permission of Baillie Gifford.


How we use your information

When you access the Site, we may collect and process certain personal information relating to you. We will take all reasonable steps to ensure your personal information remains secure and is not disclosed to any third party. You can find out more about how Baillie Gifford use your personal information when you access the Site by accessing our privacy policy.


Visitors to our website

When someone visits resoluteoptimism.bailliegifford.com we collect standard internet log information and details of visitor behaviour patterns. We do this to find out things such as the number of visitors to the various parts of the Site.  For further information please see our Cookie Policy


Search engine

The search engine on our Site is powered by a search service provided by Microsoft. Click here for an overview of privacy at Microsoft.


Links to Other Websites

These terms and conditions do not cover the links within this Site or links on this Site's Twitter account linking to other websites. Baillie Gifford does not sponsor, maintain or have any control over the content of any other websites. Therefore, we are not responsible for the adequacy or accuracy of any of the information you may view, nor do we undertake to ensure successful transmission to any linked website.

We encourage you to read the terms and conditions on the other websites you visit.



The views, opinions, conclusions and findings expressed in the articles or any other related material on this Site and this Site’s twitter account are those of the relevant contributor and do not necessarily reflect the views of Baillie Gifford, its officers, directors, partners, employees or consultants. The information contained in this Site consists of opinions and indicators only and is not intended to be relied upon to make business decisions. This information does not in any way constitute investment advice and is subject to change without notice. Any examples used in these reports do not imply that they will prove profitable in the future.

This Site is made available by Baillie Gifford on an “as is” and “as available” basis and Baillie Gifford gives no warranty of any kind in relation to Baillie Gifford articles, related material or their content.

The value of an investment may go down as well as up and investors may not get back the amount originally invested. Past performance is no guide to future performance.

Baillie Gifford makes no warranties, representations or undertakings about: (1) the content of this Site; or (2) the content of any other website referred to or accessed by hyperlink. In particular, Baillie Gifford is not responsible for Twitter’s privacy, security, or terms of use policies, nor their content, software or tools (or those of any third party) that can be accessed by hyperlink from this Site or this Site’s twitter account. The views and advertisements made by third parties which Baillie Gifford may follow on Twitter are those of such third parties and do not necessarily reflect the views of Baillie Gifford, its officers, directors, partners, employees or consultants. All communications made on Twitter linked to this Site are in accordance with these terms and conditions and will not constitute investment advice.

Please do not disclose account or personal financial information on this Site’s Twitter account.

Whilst we will endeavour to maintain our online services, we cannot guarantee that this Site will always be accessible to you nor can we guarantee that services provided by this Site will not be interrupted. Furthermore, whilst we operate strict internal procedures regarding the integrity of the website, we cannot promise that any information that you may download or copy will be error free.

For the avoidance of doubt, we disclaim responsibility for: (1) any damages that may be caused to you as a result of this Site being unavailable; and (2) any damages third parties may cause to you by your use of this Site as a result of your use of third party content through this Site.  We do not exclude or limit in any way our liability to you where it would be unlawful to do so.  This includes liability for death or personal injury caused by our negligence or the negligence of our employees, agents or subcontractors and for fraud or fraudulent misrepresentations.


Social Media Policy


The term ‘social media’ can have different interpretations. For the purposes of this policy, it includes, but is not limited to, digital forms of communication that tend to be characterised by being informal, easily shared and fast moving where the reader is actively involved. Baillie Gifford’s social media channels include Twitter, LinkedIn and other social media platforms we make available.

The information shared by Baillie Gifford via social media channels is intended to highlight areas of intellectual thought and debate which inform the investment philosophy of the firm, in the hope that they may be of wider interest. This information will consist of opinion and indicators only and is not intended to be relied upon to make investment decisions. It should not be considered as investment advice or a recommendation to buy, sell or hold a particular investment.

By nature, social media sites are public and, as such, Baillie Gifford is not responsible for, and does not endorse the content posted by other users of these sites. Any views or opinions expressed by followers and other users of social media sites on which Baillie Gifford shares information are those of the relevant contributor and do not necessarily reflect the views of Baillie Gifford, its officers, directors, partners, employees or consultants.

Please do not post personal, confidential or account information via social media. Instead, if you wish to speak with us regarding your investments or to raise a customer service issue, please contact us directly

In the interests of moderation, we reserve the right to remove comments, or to block a user or follower who posts content that we deem to be:

• Inappropriate, offensive or malicious
• unlawful or encouraging such activity
• a solicitation or advice
• inaccurate or misleading
• spam or not a real person


Changes to these Terms and Conditions

We keep our terms and conditions under regular review. These were last updated on 4 August 2021.