Baillie Gifford has launched a Multi Asset Growth fund, aiming to reduce the volatility of traditional equity markets.
The fund, which will be run by the existing multi-asset team, will target a net return of 3.5 per cent a year above base rate, with annualised volatility of less than 10 per cent.
Patrick Edwardson, head of the multi-asset team, says: “Many investors are turning to multi-asset approaches to deliver attractive returns with lower volatility. You can see that with our Diversified Growth fund and the same people who manage that are applying the same process to our new multi asset growth fund.”
The ongoing charges figure for the non-Ucits retail scheme fund is 0.6 per cent, with an annual management charge of 0.5 per cent.