The Monks Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd, and co-managed by Baillie Gifford & Co. It invests in public equity markets worldwide, focusing on growth stocks of companies with above-average earnings growth across diversified sectors and market capitalizations. The fund benchmarks its performance against the FTSE World Index. Formed in 1929, it is domiciled in the United Kingdom.