Baillie Gifford UK equity strategies suffer low ratings in AoV

One red and four amber funds

Four UK funds and two bond strategies have either been rated red or amber in Baillie Gifford’s value assessment report this year, as performance took a hit over the period.

Overall, the firm's fund offering was found to be providing value in terms of quality of service, costs, economies of scale, comparable market rates, comparable services and classes of shares, with 31 out of 37 funds in the green.  However, a few strategies were impacted by poor performance. The £237m Baillie Gifford British Smaller Companies fund was rated as not providing value this year, having been rated amber in 2021.  Although changes made by the new manager in 2019 were initially encouraging, recent performance has disappointed, and the fund is below index and target over five ...