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NEWS

Baillie Gifford champions value for money in active management  

Baillie Gifford, the Edinburgh based investment management partnership, has reduced investment management fees across its range of UK OEICs and Irish UCITS funds, with effect from 1 October 2017.

The reduction of annual management fees, for these Baillie Gifford funds, is part of a continued strategy of offering active management to investors at an attractive price whenever fund scale and ongoing costs allow.

Key changes include the Baillie Gifford European Fund reduced from 0.65% to 0.55% and the Baillie Gifford Japanese Fund down from 0.65% to 0.60%.

This follows the announcement in January 2017 of a reduction in the annual management fee for the Baillie Gifford American Fund from 0.65% to 0.50%. Baillie Gifford has previously adopted a tiered approach to fees across its range of investment trusts, announcing fee reductions for Scottish Mortgage Investment Trust and Monks Investment Trust earlier this year.

Andrew Telfer, joint senior partner at Baillie Gifford, says:

“Active managers should take the initiative in today’s environment.  Value for money is an often neglected element of the fund buying process.  Investors should be able to choose between passive and attractively priced active funds alongside considering the quality and future capability of active funds to deliver after-fees outperformance.”

“All active funds are not the same.  Sharing economies of scale with investors as funds grow is one way in which Baillie Gifford looks to deliver ongoing value for clients. Meeting all research costs internally is another. We believe that keeping costs low, maintaining high active share, low turnover and engaging with the management of companies in which we invest are key ingredients of a successful active manager.”

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