Baillie Gifford rolls out EM bond fund

Co-managed by Gordon Brown and Sally Greig, the OEIC will invest primarily in bonds issued by sovereign, supranational, public sector or corporate issuers. It has an objective to achieve a total return in excess of the JP Morgan GBI-EM Global Diversified index (before charges and expenses). Normally, at least 75pc of the fund will be held in bonds issued by emerging markets borrowers or bonds. Laurence Linklater, director ICD fixed income team at Baillie Gifford, said: "It has become clear to us that many of our best ideas in recent years, in both currencies and bonds, have been in the e...