Baillie Gifford has renamed its Global Income fund the Global Income Growth fund.
James Budden, director of marketing and distribution at Baillie Gifford, said the name change was to “reflect the fund’s aim of providing real income growth ahead of inflation”.
The £299m fund run by Dominic Neary has returned 43.6 per cent since its launch in March 2010, according to the fund’s latest factsheet. This compares to the IMA Global Equity Income sector average, which returned 48.6 per cent in the same period.
