Baillie Gifford overhauls and renames Greater China fund

New name and objective

Baillie Gifford is overhauling the Greater China fund to focus more on China's domestic economy.

The fund currently targets long-term capital growth by investing in companies in mainland China, Hong Kong or Taiwan, but from 2 May the fund will aim for long-term capital growth by investing at least 90% in Chinese companies. As such, the fund will be renamed as Baillie Gifford China. In a shareholder note, Baillie Gifford wrote: "The theme of the fund has always been to best capture the opportunity presented by China's continued growth. "While having the ability to invest in Hong Kong and Taiwanese companies was useful in the earlier stages of China's development, the Chinese domes...