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Baillie extends fund range

Baillie Gifford is extending its range of retail funds to include the European smaller companies fund and the developed Asia Pacific fund.

Both funds were previously only open to institutional investors. The European fund invests in continental Europe and Ireland and is managed by David Walton. It has a AAA rating from Standard & Poor&#39s and has £67.54m under management.

The Asia Pacific fund invests in economic sectors of any markets included in the FTSE All World Developed index and was launched last June. It is managed by Gerald Smith and has £40.75m under management.

Both funds offer 3 per cent initial commission and 0.5 per cent renewal.

Sales and marketing director Ken Edwards says: “We have added these funds to our retail range to provide intermediaries with a wider choice of investment for their clients. Both have been used extensively on behalf of our institutional clients to gain exposure to specialised markets.”


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