Baillie Gifford launches responsible income fund

Baillie Gifford is launching the first responsible fund as defined by the Investment Association’s Global Income sector, using the exclusion model and the UN Global Compact principles as parameters.

Putting income as the prime target for the fund means that the fund is a rare beast in the investment jungle, and creates a wider choice for investors. Based on the company’s existing Global Income Growth Fund the holdings are similar, notwithstanding the need to incorporate ESG criteria.

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