Global

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Baillie Gifford cuts management fees on 20 funds

Baillie Gifford has slashed annual management charges by up to 10 basis points across its UK Oeics and Irish Ucits funds. Key changes include the Baillie Gifford European fund, reduced from 0.65 per cent to 0.55 per cent, and the Baillie Gifford Japanese fund down from 0.65 per cent to 0.60 per cent. The asset […]

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Why active managers are praying for reflation

Investors will be well aware of the reflationary narrative in markets, with growth and inflation having picked up over the past few months. Yet recognition of this change has not been universal. While fund managers have been going long oil, hoovering up cyclical stocks and increasing active exposure, asset owners have shown little inclination to […]

Mark Dampier: How investors have created their own bear market

Just as a picture tells a thousand words, a single statistic portrays the current mood among investors: the IA Targeted Absolute Return sector saw more inflows than any other sector in 2016, as money poured from equity funds in 10 of the 12 months. But as the average monthly return of absolute return funds was […]