Fidelity Japan touted as cheap alternative to Baillie Gifford
Fidelity Japan Trust has been pushed as a cheap alternative to a Baillie Gifford investment trust as industry veteran Sarah Whitley prepares to retire.
Fidelity Japan Trust has been pushed as a cheap alternative to a Baillie Gifford investment trust as industry veteran Sarah Whitley prepares to retire.
Baillie Gifford funds have topped performance tables over a relatively volatile first six months of the year thanks to a high concentration of Fang stocks. But is riding the tech boom set to continue to deliver returns for investors?
The Schroders UK Growth Trust will transfer to Baillie Gifford management on Friday evening, despite its saving scheme investors being none the wiser about their options for remaining invested in the investment trust.
The board of the £303.4m Schroders UK Growth Trust has taken a parting shot at fund manager Philip Matthews, who is exiting the asset manager, as the investment trust shifts management responsibilities to Baillie Gifford due to underperformance.
Baillie Gifford has refused to comment on why it did not disclose the exit of a named fund manager on its US Growth trust less than a week after launch.
Active managers have failed to live up to their promises in the US market, but by getting a few key ingredients right active management can be a powerful force for wealth creation, argues Gary Robinson, manager of the Baillie Gifford US Growth Trust.
Scottish Mortgage has signaled confidence in its portfolio of growth companies and tech names by increasing gearing on the £7.7bn investment trust 30%.
The Schroders UK Growth trust could experience a widening of the discount if investors using the company’s Isa scheme are forced to sell the investment trust when management transitions to Baillie Gifford.
The board of the Schroder UK Growth fund is dumping Schroders as its manager and replacing it with Baillie Gifford, citing continuous underperformance since inception as the reason behind the decision.
Baillie Gifford will rebrand its top-quartile Corporate Bond fund as the Strategic Bond fund after the retirement Stephen Rodgers, who departs this month.
Baillie Gifford has raised £173m for its US Growth Trust, it announced today, falling short of the £250m it set as a target.
The Baillie Gifford US equities team expects to get some of its unquoted stock picks wrong for its upcoming trust but argues that only a small number of exceptional growth companies matter.