Baillie Gifford reopens £6.2bn Diversified Growth fund with fee cut

Fund soft-closed in 2013 as assets swelled to £3bn

The Baillie Gifford Diversified Growth fund will reopen to new investors on 1 July, with a reduction in fees.

Managed by James Squires, David McIntyre, Scott Lothian, Felix Amoako and Nicoleta Dumitru, the fund was launched in 2008, and invests across a broad range of asset classes to deliver capital growth with low volatility. Baillie Gifford moved to soft-close Diversified Growth in 2013, when under the management of Patrick Edwardson and Mike Brooks, as its assets swelled from £877m to £2.9bn in the space of a year. With markets having grown significantly in the time since the soft close, the managers now believe there is sufficient headroom to re-open the fund, Baillie Gifford said. Be...