Baillie Gifford launches

group adds to fixed interest portfolio with high yield bond and investment grade bond funds

Baillie Gifford has launched two fixed interest funds, the High Yield Bond fund and the Investment Grade Bond fund. The offerings will sit alongside Baillie Gifford's existing Gilt and Fixed Interest fund and Corporate Bond fund, to provide a comprehensive range of fixed interest vehicles with an array of targeted yields and risk profiles. The two funds will be offered at a 0.5% discount from their usual 3.5% initial charge. They will not be Isable until after the current Isa season. The High Yield fund, which is to be managed by Ken Barker, will offer a targeted gross redemption y...