Value assessment forces two Baillie Gifford funds closures
UK government bond funds shut down
Two of Baillie Gifford's funds were closed due their failure to provide value
Baillie Gifford has closed three of its UK government bond funds, according to its inaugural Assessment of Value (AoV) report, which found two of the products - the Baillie Gifford Active Gilt and Active Long Gilt funds - failed to consistently meet their investment objectives.
The report - which requires firms to conduct a value assessment of their funds outlining seven criteria including costs, economies of scale and performance - found that a further five of Baillie Gifford's...
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