F&C UK Mid Cap loses Elite Rating following manager resignation
Tom Wilson, manager of F&C UK Mid Cap, has resigned and will be leaving BMO Asset Management to...
From 1 May 2018 the Baillie Gifford Corporate Bond fund will be called Baillie Gifford Strategic Bond fund.
The change has been made as the managers believe the new name more accurately reflects their strategic approach to asset allocation between investment grade and high yield bonds. The fund already sits in the IA strategic bond sector. The investment philosophy will remain unchanged.
Co-manager, Torcail Stewart, said: “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.”