Baillie Gifford launches global responsible income fund

'Response to investor demand'

Jayna Rana
clock • 2 min read

Baillie Gifford has launched the Responsible Global Equity Income fund, which will adhere to the UN Global Compact principles in its stock selection process.

The fund, which has been launched following investor demand, seeks to deliver attractive long-term income and growth through investing in responsible companies. It has been seeded with more than £50m from existing Baillie Gifford clients and is managed by a team headed by Toby Ross and James Dow, who manage the group's £525m Global Income Growth fund and £600m Scottish American Investment Company. The managers will pursue the same outcomes as for the fund - to obtain a higher yield than the FTSE All World index while achieving growth in both income and capital over the long-term - b...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

MKC Wealth snaps up Dartford and Macclesfield IFAs

MKC Wealth snaps up Dartford and Macclesfield IFAs

Both firms have been acquired for an undisclosed sum

Isabel Baxter
clock 17 May 2024 • 1 min read
St James's Place takes stake to retain one of its largest partner firms

St James's Place takes stake to retain one of its largest partner firms

The wealth giant has taken nearly 20% in a partner firm's parent company

Isabel Baxter
clock 10 May 2024 • 1 min read
Titan Wealth completes deal for London-based investment boutique

Titan Wealth completes deal for London-based investment boutique

Aims to expand its network’s offering to high-net-worth individuals

Isabel Baxter
clock 07 May 2024 • 1 min read