MM funds boost Baillie Gifford results

According to Baillie Gifford figures, fund of fund investments accounted for 41pc of Baillie Gifford OEIC sub-funds sales in 2006 and 50pc of sales in the first two months of 2007. Demand from fund of fund managers has been strong across the firm’s entire fund range, but there has been particularly high investment in the Baillie Gifford American, Corporate Bond, High Yield Bond, British 350 and Japanese funds. Ken Edwards, sales & marketing director at Baillie Gifford, believes the firm’s record breaking sales year was attributable to the consistent investment performance throughout...