9
th June 2021 8:00 am
Baillie Gifford UK Growth Fund has amended its name to replace ‘Fund’ with ‘Trust’ in a bid to clarify the company is an investment trust.
The company also hopes to obtain shareholder authority at its annual general meeting (AGM) on Thursday 5 August 2021 to permit it to invest up to 10% of total assets in private companies.
The intention of the name change is to highlight the “different corporate structure and opportunity set when compared to an open-ended fund,” it said.
Over the year to 30 April 2021, the company’s net asset value per share total return was 37.7% compared to a total return of 25.9% for the FTSE All-Share Index.
London midday: Stocks in the red as inflation concerns weigh
Wed, 9th Jun 2021 10:54
(Sharecast News) - London stocks had fallen further into the red by midday on Wednesday amid concerns about rising inflation after the latest set of figures from China and ahead of US data later in the week.
The FTSE 100 was down 0.6% at 7,054.79.
Oanda market analyst Sophie Griffiths said: Few investors are willing to take on big positions ahead of tomorrow s double risk whammy - the European Central Bank rate decision and US CPI inflation data. There are plenty of signs to suggest that inflationary pressures are building. Friday s NFP revealed a weaker than expected headline number, but average wages rose by more than forecast.
Baillie Gifford UK Growth trust seeks to hike unquoted limit to 10%
Numis describes move as ‘uncontroversial for a Baillie Gifford strategy’
The Baillie Gifford UK Growth Trust has become the latest investment company to seek approval from shareholders to increase its exposure to unlisted companies.
In the £365m trust’s results for the year to the end of April, the asset manager said it wants to increase the proportion of unlisted companies in the portfolio to a maximum of 10%. The current exposure is zero.
Portfolio managers, Iain McCombie and Milena Mileva (pictured), said: “We are keen for shareholders to give us permission to have the ability to invest in private companies, subject to prudent limits.
16th Annual Awards Programme Recognises Partners with Successful and Ambitious CX and EX Programmes
London, UK, Oslo, Norway and New York, NY – 27 May, 2021 – Forsta, the leading global solutions provider of Customer Experience and Research Technology, today announced the winners of the 2021 Achievement in Customer Excellence (ACE) Awards.