On 31st March 2023, the Baillie Gifford Global Stewardship Fund changed name to Baillie Gifford Sustainable Growth Fund.
From January 2023, the fund has been managed by a dedicated team lead by Toby Ross and Katherine Davidson.
The fund was launched in 2015 and invests in sustainable growth companies - enduring businesses that make a difference to society. The overall investment proposition of the fund will remain unchanged, namely a focus on long-term growth with a strong emphasis on sustainability. However, the typical number of stocks held by the Fund will reduce from between 70-100 holdings to between 55-80 holdings. Toby Ross has been closely involved in developing Baillie Gifford's Responsible Global Equity Income strategy, where he continues to have decision-making input. Katherine Davidson joined Baillie Gifford in September 2022 after a fourteen-year career at Schroders where she was a specialist sustainability fund manager. Baillie Gifford recently announced that Toby will become a partner in the firm from May 2023.
James Budden, Director, Marketing and Distribution, Baillie Gifford, says:
"These changes represent an evolution and clarification of the investment proposition of this Fund. It looks for companies that can sustain profitable growth for a long time, businesses which will prosper because they are a force for good. Baillie Gifford Sustainable Growth brings these two aspects together, and Toby and Katherine are well-placed to deliver returns to investors in this way. Toby has been with Baillie Gifford since 2006 and Katherine has recently joined us with the express intention of managing this exciting sustainable growth approach."
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- uploaded - 12 April 2023