Baillie Gifford launches global responsible income fund

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...