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The Asset ObserverThe Asset Observer
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Equities

Baillie Gifford to close underperforming Health Innovation fund

News RoomBy News RoomOctober 15, 2024
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Officially launched in 2020 to take advantage of cutting-edge healthcare companies, the fund’s assets under management have now fallen to £26m. 
Co-managed by Julia Angeles, Marina Record and Rose Nguyen and having been run internally for two years, the fund sits in the bottom quartile over several timescales, returning 4.4% over one year against the IA Healthcare average of 12.6%, according to FE fundinfo. 
Baillie Gifford to shutter four bond funds and scrap international fixed income business
Following a strategic review, Baillie Gifford has concluded the fund is no longer comme…

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