Baillie Gifford renames corporate bond fund
Edinburgh-based investment manager Baillie Gifford has announced the rebranding of its Baillie Gifford Corporate Bond fund as the Baillie Gifford Strategic Bond fund, effective 1 May 2018.
There will be no change to the fund’s investment process and policy.
The Baillie Gifford Strategic Bond fund will continue to be actively managed through global bond selection and strategic asset allocation between investment grade and high yield, plus corporate risk versus government risk.
Torcail Stewart, portfolio manager of the fund, commented: “The fund has followed the same effective income generating investment philosophy since its inception in 1999 and this will not change. The name more accurately reflects our strategic approach to asset allocation and bond selection and, under the banner of the Baillie Gifford Strategic Bond Fund, we hope our clients will continue to benefit from the attractive proposition of top quartile performance delivered with a bottom quartile fee.”
Baillie Gifford had £179bn (€204.8bn) of assets under management or advisory as of 31 December 2017.