|Bid Price||-||Offer Price||-|
|Mid Price||GBX 194.60||Day Change||GBX -1.50 (-0.76%)|
|Price Date||19 Jan 2018||Crown Rating|
|Shares Class||Inc.||Yield||7.70 %|
|Total Expense Ratio||0.14||Fund Size||821,467,000.00|
|Launch Date||25/06/2008||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.00||Sector||IMA UK Equity Income|
|Min Investment (£)||250,000.00||Total Expense Ratio (%)||0.14|
|ISIN||GB00B39RMS44||Min TopUp (£)||0.00|
The objective is to produce a total return, before charges and expenses payable out of the Fund, in excess of the total return on the J.P. Morgan GBI-EM Global Diversified Index unhedged in sterling, or any successor or substitute index, in each case as modified from time to time over rolling 3-year periods. There is no guarantee that a positive return will be achieved over rolling 3-year periods or any time period and capital may be at risk. The Fund will invest primarily in bonds issued by one or more of the following: sovereign, supranational, public sector and corporate issuers. Normally at least 75% of the Fund’s assets will be held in bonds issued by emerging market borrowers or bonds denominated in emerging market currencies, but the Fund may also invest in bonds denominated in any currency and issued by one or more of the following: sovereign, supranational, public sector and corporate issuers in developed markets. Currency forwards and derivatives may be used from time to time in keeping with the Fund’s objective, with the intention of altering the Fund’s currency or market exposure and either enhancing or protecting the return on the Fund.The inclusion of any particular market or geographic area, being an emerging market or area, is solely at the ACD’s discretion.The Fund will also have the ability to invest up to (but no more than) 10% in value of the Fund in each of the following: collective investment schemes and deposits.
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.
Sally graduated MA in Economics and Statistics from the University of Edinburgh in 1998 and also gained an MSc in Finance and Econometrics from the University of York in 2003. Prior to joining Baillie Gifford, she worked at the Bank of England from 2001 as an economist in the Foreign Exchange Division, and provided regular analysis to the Monetary Policy Committee. She joined Baillie Gifford in October 2005 and is an Investment Manager in the Rates and Currencies Team.
Yannis graduated BSc (Hons) in Accounting & Finance from the Athens University of Economics & Business in 2008 and also gained an MSc degree in Financial Economics from the University of Oxford in 2010. He completed a summer internship at Goldman Sachs Asset Management in 2010. Yannis joined Baillie Gifford in June 2011 and is an Investment Manager in the Rates and Currencies Team.