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Baillie Gifford cut charges on four trusts

Baillie Gifford cut charges on four trusts

Baillie Gifford is lowering the fees on four of its investment trusts, introducing a tiered charging structure. 

The annual management fees for the Edinburgh Worldwide Investment, Pacific Horizon Investment, Baillie Gifford Japan and Baillie Gifford Shin Nippon trusts will be cut from 0.95% to 0.75% for its opening tier of assets. 

The fee reduction will see the trusts charge 0.75% on their first £50 million of net assets, 0.65% on the next £200 million and 0.55% on assets beyond £250 million.  

The changes will come into effect from the start of next year.

James Budden, director of retail marketing and distribution at Baillie Gifford, said: 'The fee reduction for these trusts is part of our commitment to offer value for money to investors. Our trusts have seen strong asset growth and have been busy issuing new equity.'

Investors poured £865 million into the Scottish fund house during the third quarter, according to the Pridham Report. 

This was a continuation of Baillie Gifford's success in the Q2, where its dedicated push into the retail market started to bear real fruit, with it receiving £855 million in new inflows. 

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