Value assessment forces two Baillie Gifford funds closures

UK government bond funds shut down

Lauren Mason
clock • 2 min read

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 37 funds either provided value after action was taken or are being monitored closely. These were the Baillie Gifford British Smaller Companies, Emerging Markets Bond, Investment Grade Bond, Sterling Aggregate Bond and Sterling Aggregate Plus Bond funds. Baillie Gifford overhauled the portfolio, management team and investment process of its £174.8m  British Smaller Companies fund afte...

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 Investment

Wrestling with the idea of a new world order? Try European smaller companies

Wrestling with the idea of a new world order? Try European smaller companies

'Let me try to explain the case for calm'

David Walton
clock 16 March 2026 • 4 min read
Low-cost platforms spur one in three UK adults to invest

Low-cost platforms spur one in three UK adults to invest

Trading 212 the main beneficiary

Michael Nelson
clock 12 March 2026 • 2 min read
Understanding the investment appeal of the energy addition

Understanding the investment appeal of the energy addition

Positive change takes time

Tim Humphreys
clock 11 March 2026 • 4 min read