Baillie Gifford assets shrink by more than 10% in January

Morningstar data

clock • 2 min read

Baillie Gifford’s UK-domiciled open-end fund assets shrunk by over 10% in January, causing group assets to fall below those of Legal & General, according to the latest flow data from Morningstar.

  As of the end of January, the Edinburgh-based fund manager's assets stood at £56bn. Despite assets shrinking by over 10%, only 1.3% was due to outflows, the data provider noted. "Nonetheless, the net outflow of £875m was its worst on record," said Bhavik Parekh, Morningstar manager research analyst. He stated that "Baillie Gifford had a poor month in both performance and flows (its worst on record) after it had finished 2021 as one of the most popular fund groups. Baillie Gifford tops FE fundinfo's 2022 Alpha Manager list despite 'tumultous' year "Many strategies also had p...

To continue reading this article...

Join Professional Adviser

  • 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.



Already a Professional Adviser member?


More on Investment

Jupiter CEO Matthew Beesley

Jupiter cuts investment in unlisted assets for open-ended fund

Policy change following change in investor sentiment

Elliot Gulliver-Needham
clock 08 February 2023 • 1 min read
Robin Geffen (pictured) joined Liontrust in October 2019.

Robin Geffen to exit Liontrust amid global equity consolidation

Shift in strategic focus sees exit of Neptune founder

Valeria Martinez
clock 08 February 2023 • 1 min read
Royal Courts of Justice, London

FCA takes action against unauthorised director it alleges took £2.8m

Breach of restrictions around financial promotion also a concern

Hope William-Smith
clock 07 February 2023 • 1 min read