finance

Baillie Gifford appoints new manager of global income funds



Baillie Gifford has appointed Ross Mathison as a portfolio manager of its Global Income Growth Fund and Responsible Global Equity Income Fund, joining existing managers James Dow and Toby Ross from the start of the year.

He joined the Edinburgh-headquartered investment management partnership in 2019 as an investment manager, having previously worked at Aviva Investors and, prior to that, nine years at Standard Life Investments.

The £814m Global Income Growth Fund aims to achieve growth in both income and capital over rolling five-year periods, while delivering a yield higher than that of the MSCI ACWI Index over rolling five-year periods.

The fund is ranked second among its 43 peers over the five years to 30 November 2021.

In December, the £312m Responsible Global Equity Income Fund achieved its three-year track record. It seeks to invest responsibly in companies which can deliver both a resilient income stream and real growth in income and capital.

Since inception in December 2018, the fund is ranked second out of the 48 funds in its sector, as at the end of November.

James Budden, director for retail marketing and distribution at Baillie Gifford, said: “Ross’ appointment recognises the significant contribution he has made since he joined Baillie Gifford two years ago.

“This new role will see him assume greater responsibilities for decision making and overall portfolio construction.

“His promotion further strengthens an already experienced and successful team whose total returns to shareholders have proved resilient through volatile times for income investors.”

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