Baillie Gifford fund 84% biased towards equities

The Baillie Gifford Managed fund has an 84% bias towards equities, 54% of which is in the UK, says J...

The Baillie Gifford Managed fund has an 84% bias towards equities, 54% of which is in the UK, says John Carson, head of the institutional clients department at Baillie Gifford. He says: 'The current policy is to be relatively neutral against the benchmark as far as bonds and equities are concerned. There is uncertainty over the future of the economy so we are unwilling at present to move away from the benchmark.' The Merrill Lynch Balanced Portfolio fund is also maintaining its bias towards shares over bonds, according to Keith Mullins, fund manager at Merrill Lynch. He says: 'Bond yie...