Fund Manager Focus - Ben Thompson, Baillie Gifford High Yield Bond

FUND MANAGER FOCUS

Baillie Gifford manager says company analysis and understanding is key to driving returns

Baillie Gifford High Yield Bond manager Ben Thompson attributes his strong returns to a bottom-up stockpicking investment approach based on understanding individual companies. The fund aims to generate high returns by investing in a diversified portfolio of sub- investment grade UK and overseas corporate bonds. Launched in November 2001, the fund has consistently delivered top-quartile performance. The fund is the top performer in the IMA £ High Yield sector over five years to 29 March, up 41.8% compared to the sector average of 26.l%. On a three-year view the fund is ranked second...