Baillie Gifford has agreed to waive around six months of management fees on the Schroder UK Growth trust, which it will assume control of from 29 June, the trust's annual report has confirmed.
Declining the £732,000 pay-out, the newly-named Baillie Gifford UK Growth fund will be co-managed by Iain McCombie and Milena Mileva, following the board of the trust's April announcement it would be ditching...
Latest news and analysis
David Cumming, Aviva Investors' chief investment officer for equities, remains positive about UK stocks despite a pummelling in 2018
Equities overweight down to 3%
Relates to 136 million transaction reports
Patience must be a watchword