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Baillie Gifford soft-closes emerging growth fund

Baillie Gifford is to soft-close its emerging markets growth fund in April, after it recently passed the £1bn mark.

The team says liquidity has become a problem, making it necessary to take significant positions in smaller companies.

The fund is to close on April 6. The full initial charge of 5 per cent will be applied for class-A retail shares and 1 per cent for class B institutional shares for all new investments as a means of soft-closing the fund. The charge will also apply to investments through platforms.

The fund, which is managed by Richard Sneller, is second quartile in the IMA global emerging markets sector over three years, returning 32.3 per cent compared with a sector average of 27.5 per cent.



Hector Sants to defend RDR in front of MPs

FSA chief executive Hector Sants and director of conduct policy Sheila Nicoll will face the Treasury select committee next week to defend the retail distribution review. According to the committee, the oral session is set to take place next Wednesday, March 9, at 3pm and will form part of the TSC’s inquiry into the RDR. […]

Regulator gets tough on with-profits loss-leaders

The FSA is looking to crack down on insurers writing loss-leading new business amid concerns that policyholders could suffer. In a consultation paper published last week called Protecting With-profits Policyholders, the regulator outlines plans to force insurers to demonstrate that writing new with-profits business will not adversely affect policyholders’ interests. It proposes requiring companies to […]

Under development

There is not a strong case for the valuation gap between developed and emerging markets getting any wider


Euro ruling to bring massive shake-up

The UK insurance market is preparing for radical reform after the European Court of Justice ruled gender pricing for insurance products will be banned from December 21, 2012. The ruling follows an opinion from advocate general Juliane Kokott last year that using gender as a risk factor when pricing insurance is discriminatory. Pension provider AJ […]

Bonds in 2017: Stick or twist?

Royal London Asset Management Bond Fund Managers Paola Binns and Craig Inches look at why short duration could be a key tactic for fixed income investors during 2017. Read the full article here The value of investments and the income from them is not guaranteed and may go down as well as up and investors […]


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