Baillie Gifford has overtaken Morgan Stanley for the first time to claim the top spot in FundCalibre's Fund Management Equity Index, which ranks the best equity franchises.
A three-time winner, Morgan Stanley has been pushed into second place by Baillie Gifford, whose average fund returned 82.2% more than its peers over five years to 31 December 2020 - the highest five-year outperformance in the history of the survey. One of the top contributors to this outperformance was the Baillie Gifford American fund, which returned 121.8% in 2020 alone, making it the best performing vehicle during the year and outperforming its average peer by 105.7%. Four other funds by the group also beat their sector averages by 50% or more. Other new additions to the top ten li...
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