Baillie Gifford launches Responsible Global Equity Income Fund
7 April 2019
Baillie Gifford, the Edinburgh based investment management partnership, has launched the Responsible Global Equity Income Fund, aims at delivering long-term income and growth through investments in responsible companies.
The fund is managed by a team headed by Toby Ross and James Dow, which also manages the Baillie Gifford Global Income Growth Fund. Ross and Dow are also the managers of The Scottish American Investment Company PLC (SAINTS).
Baillie Gifford say the managers will pursue the same outcomes as for the Baillie Gifford Global Income Growth Fund, but the new fund builds on the team’s emphasis on sustainable growth in two ways:
• Excluding stocks in certain industries such as tobacco, alcohol and armaments;
• Adhering to the principles of the UN Global Compact covering areas such as human rights, labour, the environment and anti-corruption.
The Fund has been seeded with over £50m from existing Baillie Gifford clients. It has an estimated ongoing charge of 0.63% for Class B Shares.
Commenting on the launch, Toby Ross, Baillie Gifford Responsible Global Equity Income Fund manager, says: “Investors have often had to make a choice between investing for income and investing for the greater good. This fund bridges this gap for those seeking a high and rising income from responsible equity investments.
“By hard wiring both negative exclusions and the broader consideration of the UN Global Compact into our stock selection process, and applying it to the best investment opportunities from around the world, we are confident we will be able to invest both sustainably and responsibly on behalf of our clients.”
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