European small companies and developed asia pacific funds will add weight to retail range
Baillie Gifford has added two funds to the Oeic range it markets to the retail intermediary community ' a European Smaller Companies fund and a Developed Asia Pacific fund.
The inclusion of the two funds, the group said, is part of a marketing drive to boost the amount of retail assets the group manages.
Up until now, Baillie Gifford has not heavily marketed its retail range, preferring to concentrate on its institutional and investment trust business.
Although both funds have had retail share classes for some time, the company chose not to market them until such time as they had built up significant track records.
The £70.66m European Smaller Companies fund, managed by David Walton, is a Europe ex-UK fund investing primarily in Continental Europe and the Republic of Ireland. An institutional version of the fund has existed since 1993.
The Developed Asia Pacific fund, which is run by Gerald Smith, is a relatively new fund, launched last year. It can invest in any economic sectors of markets that are included in the FTSE All World Developed Asia Pacific ex-Japan Index. The major markets within this are Australasia, Singapore and Hong Kong.
The retail A share class carries an up-front fee of 5%, 3% of which is available as commission. The annual management charge is 1.25%, with 0.5% renewal payable to authorised intermediaries.
Neither fund is available in an Isa wrapper. Ken Edwards, sales and marketing director at Baillie Gifford said: 'We've added these funds to our retail range to provide intermediaries with a wider choice of investment for their clients. Both have been used extensively on behalf of our institutional clients to gain exposure to specialised markets.
'We have received an increasing amount of enquiries from interested intermediaries about these funds recently and felt the time was right to launch something a bit different.'
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