Baillie Gifford's income fund: It's important to be invested in growth businesses

Last year was a significant stress-tester for UK-based income investors. Dividends in the UK market plummeted more than 40% as businesses suspended pay-outs to investors. A recent study by Link Group found that UK companies were unlikely to return pre-Covid dividends until 2025 as payments to investors halved in the first year of the pandemic. Companies with unsustainable business models and practices found themselves falling victim to divestment from large investment managers. According to Toby Ross (pictured), Baillie Gifford's Responsible Global Equity Income fund performed well la...