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Baillie Gifford Managed Class B - Income (GBP)

Sell:754.40p Buy:754.40p Change: 2.90p (0.39%)
Prices as at 11 December 2019
Sell:754.40p
Buy:754.40p
Change: 2.90p (0.39%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 11 December 2019
Sell:754.40p
Buy:754.40p
Change: 2.90p (0.39%)
Prices as at 11 December 2019
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund features on our Wealth 50 list of what we believe are the best funds in each sector.

This is a more adventurous option than many other funds in the sector. We like the fund managers' long-term approach. They're prepared to stick with a company through the good times and the bad if they believe it's a great business. We also think the fund's low charges make it excellent value. The fund deserves its place on the Wealth 50 list of our favourite funds.

Our view on the sector

The Mixed and Flexible Investment sectors could be the answer for investors who want to leave the asset allocation decisions to an expert. Funds in these sectors invest a certain amount of their portfolio in shares, from 0% to 35% in the case of the Mixed Investment 0-35% Shares Sector, 20% to 60% for the Mixed Investment 20-60% Shares Sector, 40% to 85% for the Mixed Investment 40-85% Shares Sector, and 0% to 100% for the Flexible Investment Sector. Any proportion of the fund not invested in shares can be invested in bonds, cash, currencies, commodities or property. Funds within these sectors can be very different from each other so they'll perform differently too. Each should be looked at on its own merits, taking account of your investment objectives and the amount of risk you want to take.

Performance Analysis

The fund's performed well over the long-term. Because of its high proportion invested in shares compared to many other mixed-asset funds, it's done better in rising markets. That's why it's done well since the 2008 financial crisis, with markets going up for many years. For the same reason though, it's hasn't sheltered the value of investments as much as other funds during tougher times. This isn't an indication of future performance though.

Investment Philosophy

The fund uses a team-based approach to select its favourite shares and bonds. They believe bringing together their best ideas means they're more likely to find investments with excellent long-term prospects.

Process and Portfolio Construction

The managers like to invest more in shares and less in bonds than many other mixed asset funds. The ratio of shares to bonds can change over time though, depending on the team's outlook of the global economic environment. During the 2008 financial crisis, for example, they reduced investments in shares and increased bonds and cash in the portfolio.

Different fund managers are responsible for selecting companies in different parts of the world. They look for the ones they think have the best long-term growth prospects. They've found the most opportunities in developed countries like the US, UK and Japan. The team invests in bonds and higher-risk emerging markets through other Baillie Gifford managed funds.

Please note the fund currently has a holding in Hargreaves Lansdown PLC.

question mark Manager Track Record Based on HL Quantitative Research

  • Baillie Gifford Managed A Inc
  • IA Mixed Investment 40-85% Shares
FROM: TO:


Fund Track Record

12/12/14 to 12/12/15 12/12/15 to 12/12/16 12/12/16 to 12/12/17 12/12/17 to 12/12/18 12/12/18 to 12/12/19
Annual return 5.27% 17.94% 16.29% 1.12% 14.18%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Fund Management Group Comment

Baillie Gifford was founded as an investment partnership in 1908 and the firm has always been wholly owned by the people who invest and look after their clients' money. They now have £196 billion under management and advice in specialist equity, fixed income and multi-asset portfolios for a global client base.

Information about the fund

Fund manager biography

manager photo
Manager Name: Steven Hay
Manager start date: 1 November 2012
Manager located in: Edinburgh

Steven graduated BAcc in Economics and Accountancy from the University of Glasgow in 1992 and completed an MSc in Economics from Warwick University in 1993. Prior to joining Baillie Gifford, Steven was a fixed income investment manager with Scottish Widows. His experience includes seven years undertaking analysis and research for the Bank of England's Monetary Policy Committee, and involvement in managing the UK's foreign exchange reserves. Steven joined Baillie Gifford in 2004 and is Head of the Rates and Currencies Team.

manager photo
Manager Name: Iain McCombie
Manager start date: 1 November 2012
Manager located in: Edinburgh

Iain graduated MA in Accounting from Aberdeen University and trained as a Chartered Accountant. Iain joined Baillie Gifford in 1994, and has spent the majority of his career as an investment manager in our UK Equity Team. He is lead manager of our UK Core strategy and has been one of the four members of our Pan-European Portfolio Construction Group since 2010. He became a Partner in 2005 and Chief of Investment Staff in 2013.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account