Value assessment forces two Baillie Gifford funds closures
UK government bond funds shut down
Baillie Gifford has closed three of its UK government bond funds, according to its inaugural Assessment of Value (AoV) report, which found two of the products - the Baillie Gifford Active Gilt and Active Long Gilt funds - failed to consistently meet their investment objectives.
The report - which requires firms to conduct a value assessment of their funds outlining seven criteria including costs, economies of scale and performance - found that a further five of Baillie Gifford's...
More on Investment
Video: Evidence is key to progressing sustainable investing
Asset managers must provide evidence demonstrating the right investments are being made both from financial and sustainability aspects, or risk undermining investors’ trust, Schroders’ Alex Funk says.
DFM assets keep rising in Q1 amid a shift to active
Q4 2020 saw 11% rise in assets
Treasury yields rise on Fed's more hawkish inflation and interest rate stance
Two rate hikes now expected in 2023
Aviva Investors' three points of differentiation
A world of 750 multi-asset funds
Mark Northway: Why critics might be wrong about deserting 60/40
Multi-billion pound industry
More news
Barrie Dawson: Advising trustees is a different ball game
Five key points
Quilter to make hundreds of redundancies in move to cut costs - reports
400 to be made redundant
True Potential eyes $2bn US flotation - reports
Wealth manager also considering sale
Claire Trott: Why flat-rate tax relief is not a pensions 'quick fix'
'On the surface, flat-rate tax relief is very appealing'
