Baillie Gifford UK Growth sells Jupiter on concerns over future prospects
Six-months results to end of October
The position was sold due to "concerns over its future growth prospects"
The £290m Baillie Gifford UK Growth investment trust has sold its holding in Jupiter Fund Management, it revealed in its six-month results to the end of October.
Despite a focus on low turnover in the trust, co-managers Iain McCombie and Milena Mileva sold out of the Jupiter position completely in the six-month period "due to concerns over its future growth prospects",...
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