Baillie Gifford EM bond funds seek 7% yield

Baillie Gifford's recent emerging market bond fund launch is targeting a yield of 7% each year. Run...

Baillie Gifford's recent emerging market bond fund launch is targeting a yield of 7% each year. Run by Gordon Brown and Sally Greig, the Emerging Markets Bond vehicle launched on 25 June. The Oeic invests primarily in local emerging market bonds issued by sovereign, supranational, public sector or corporate issuers. It aims to beat the JPMorgan GBI-EM Global Diversified Index return, with income paid quarterly. At least 75% will be held in bonds issued by emerging markets borrowers or those denominated in emerging markets currencies. Brown, who also runs the firm's UK-focused Gilt f...