Baillie Gifford reduces fees across 20 active funds

Effective from 1 October

Baillie Gifford has reduced annual management fees across a range of 20 actively-managed UK OEIC and Irish UCITS funds, effective from 1 October.

The Edinburgh-based investment management partnership reduced fees on a number of funds, including the Baillie Gifford European fund from 0.65% to 0.55% and the Baillie Gifford Japanese fund from 0.65% to 0.60%. The changes followed earlier management fee reductions on the Baillie Gifford American fund, from 0.65% to 0.50%, in January. The firm said the changes were part of its strategy to offer active management to investors at an attractive price whenever fund scale and ongoing costs allow. It had previously adopted a tiered approach to fees across its range of investment trusts,...