Update: Baillie Gifford raises £173m for US Growth trust

First trading day on 23 March

Mike Sheen
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Gary Robinson, North American equities portfolio manager at Baillie Gifford
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Gary Robinson, North American equities portfolio manager at Baillie Gifford

Ballie Gifford has announced it has raised £173m in the IPO of its US Growth trust, falling short of the £250m fundraising target.

The group previously announced plans to launched the closed-ended fund in February, and is the group's first new trust since 1985. Listed on the London Stock Exchange, its first trading day will be...

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