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

First trading day on 23 March

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

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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