Baillie Gifford cuts investment trust charges

The group has reduced the AMC on its four specialist trusts to 0.65% - down from 1% - across its four strong range of specialist investment trusts. This includes the £178m Edinburgh Worldwide investment trust, £169m Baillie Gifford Japan trust, £147m Pacific Horizon investment trust and the £78m Baillie Gifford Shin Nippon trust. However, while it has cut the AMCs, the charge will jump back to 0.95% if overall assets in a trust shrink below £50m. The firm said the move has been made in response to the launch of clean share classes from OEICs and unit trusts, many of which have unde...