Baillie Gifford, the Edinburgh-based investment management partnership, is changing the name of the Baillie Gifford Corporate Bond Fund to the Baillie Gifford Strategic Bond Fund, effective from 1 May 2018.
The fund’s investment philosophy will remain unchanged, adopting the same successful ‘through the economic cycle’ approach that has delivered first quartile performance over one, three, five and 10 years versus its peer group, the IA £ Strategic Bond sector.
The Baillie Gifford Strategic Bond Fund will continue to be actively managed through global bond selection and strategic asset allocation between investment grade and high yield, plus corporate risk versus government risk, which has been a long-term feature of the fund.
Torcail Stewart, manager of the Baillie Gifford Strategic Bond Fund, says: “The fund has followed the same effective income generating investment philosophy since its inception in 1999 and this will not change. The name more accurately reflects our strategic approach to asset allocation and bond selection and, under the banner of the Baillie Gifford Strategic Bond Fund, we hope our clients will continue to benefit from the attractive proposition of top quartile performance delivered with a bottom quartile fee.”