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Baillie Gifford soft-closes £3.2bn Diversified Growth fund

Baillie Gifford has announced it has soft-closed its Diversified Growth fund, after assets reached close to £3.2bn.

The mixed asset fund soft-closed last week, following a significant rise in assets from £877m to £3.2bn over the last year.

The fund launched in 2008 and is currently managed by Patrick Edwardson and Mikes Brookes, sitting in the IMA Specialist sector.

Baillie Gifford say the fund has been closed to new enquiries to ensure it continues to be managed as it has been since inception. 

The group says that existing investors can still top-up investments and the charging structure for the fund will also remain unchanged.

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