Baillie Gifford has extended its multi-asset range with the launch of the Multi Asset Growth fund, run by the same team behind its £5.9bn Diversified Growth strategy, which closed to new investors in February 2013.
The Diversified Growth fund reached capacity quickly only five years after launch in 2008, but flows were institutional and the product was never marketed to retail clients. In contrast, although the Multi Asset Growth fund has been seeded with £55m by institutional backers, it will be marketed to advisers and wealth managers. The fund soft-launched in December 2015 and is now being rolled out to the wider market. Diversified Growth and Multi Asset Growth are broadly similar in terms of investment process and philosophy, with both managed by the group's multi-asset team, led by Patric...
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