Baillie Gifford launches Oeic

Baillie Gifford has launched an onshore Oeic to invest in fixed interest securities in OECD countries. The fund is benchmarked against the JP Morgan Global Government Bond ex-UK index. Minimum investment is £1,000, the initial charge is 3.5% and annual management is 1%. The firm has also launched an institutional UK ex-tobacco fund and converted two fixed interest life funds into institutional Oeics. The British ex-Tobacco Equity fund invests in large and mid-sized UK stocks, excluding tobacco companies. Charges are 1% initial and 0.5% annual. The Baillie Gifford Long Gilt fund inve...