Baillie Gifford to launch RDR-friendly share classes

7 June 2012 | By Henry Brennan

The firm’s institutional “B” clean share class range will be opened up to retail investors last this year. The minimum investment will consequently be reduced from £250,000 to £10,000.

James Budden, director of retail marketing and distribution at Baillie Gifford, comments: “Our funds now offer significant value in pricing terms, which should prove attractive to investors.

“It was simpler for us to offer our institutional B share class more widely than to launch a whole new range. Successful long term active management of equities at an average annual charge of 0.65% is an exciting cocktail for intermediaries and their clients.”

As a result of this move, Baillie Gifford says that its equity funds will carry an unbundled annual management fee of 0.65% while the fixed income range will be priced between 0.25% and 0.65%.

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