Baillie Gifford reduces fees on Dow and Ross's global equity income funds

Seven basis point reduction

Baillie Gifford will reduce the annual management fees on its two global income funds by seven basis points.

From 1 October, £624m Baillie Gifford Global Income Growth and £124m Baillie Gifford Responsible Global Equity Income funds will have the fees for their ‘B' share classes lowered from 0.57% to 0.5%. The move marks the 12th time the firm has cut fees across its range of funds and investment trusts in the past seven years and comes two months after it slashed the fees investors pay to access the £719m Scottish American Investment Company by ten basis points, from 0.45% to 0.35%. The 'best asset management company around'? Why analysts back Baillie Gifford to extend UK funds industry dom...