Baillie Gifford renames bond fund

Baillie Gifford has renamed its Corporate Bond Fund to the Strategic Bond Fund to “more accurately reflect” its strategic approach.

The Edinburgh-based investment house said that, despite the name change from May 1, the fund’s ‘through the economic cycle’ approach would continue unchanged.

The firm claims that the fund’s investment philosophy has delivered first quartile performance over one, three, five and 10 years compared with its peer group: the Investment Association sterling strategic bond sector.

The £735 million (€841 million) fund will also 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.

Fund 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 we hope our clients will continue to benefit from the attractive proposition of top quartile performance delivered with a bottom quartile fee.”

©2018 funds europe

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