Fund Management
What's New In Investments, Funds? - Baillie Gifford

The latest offerings in investments, such as funds and structured products, and other notable developments.
Baillie Gifford
Baillie
Gifford, the investment firm, is reducing its annual
management fees on the Baillie Gifford UK Equity Alpha Fund B
class shares, with effect from 1 October.
The fee is being cut from 0.55 per cent to 0.47 per
cent.
The £1 billion ($1.37 billion) UK Equity Alpha Fund aims to
outperform - after deduction of costs - the FTSE All-Share Index
by at least 2 per cent per annum over rolling five-year periods,
by investing in a small selection of UK growth companies.
In addition, the annual management fee on the Dublin UCITS
Baillie Gifford Worldwide UK Equity Alpha Fund B class shares has
also been trimmed to 0.47 per cent from 0.55 per cent.
This is the 15th time that Baillie Gifford has reduced fees
across one or more of its range of funds and investment trusts
since 2013. The most recent fee reduction came earlier in
September with the Baillie Gifford US Growth Trust.