Industry reaction: Baillie Gifford move could give Witan Pacific a 'new lease of life'

Analysts back move to China mandate

Investment company analysts have backed plans for Baillie Gifford to transition Witan Pacific from a region generalist to a China specific vehicle.

Witan Pacific's board told investors on Wednesday it would replace its current managers and appoint Baillie Gifford to manage the trust under the Baillie Gifford China Growth plc name, moving it to a mandate of "seeking long-term capital growth by investing predominantly in shares of, or depositary receipts representing shares of, Chinese companies". The trust will be managed by Sophie Earnshaw, currently co-manager of the Baillie Gifford China fund, and Roderick Snell, currently manager of the Baillie Gifford Pacific fund. Scottish Mortgage's Flood: Sometimes the best thing to do is ...