Baillie Gifford reduces UK Equity Alpha fund management fees

Down to 0.47%

Baillie Gifford has lowered the annual management fee on its UK Equity Alpha fund B class shares from 0.55% to 0.47%.

The reduced fees come into effect on 1 October 2021 and follows Baillie Gifford's decision earlier this month to adjust the management fees on its £1bn US Growth Trust, run by Kirsty Gibson and Gary Robinson. The asset manager said that it has also reduced the annual management fee on the Dublin UCITS Baillie Gifford Worldwide UK Equity Alpha fund B class shares to 0.47% from 0.55%. UK Equity Alpha manager Callahan among trio of Baillie Gifford retirees James Budden, director of marketing and distribution at Baillie Gifford said: "We strive to be as competitive on fees as possible....