Baillie Gifford mulls multi-asset trust launch as it takes crown from JPMAM

Baillie Gifford is now the largest provider of investment trusts having overtaken rival J.P. Morgan Asset Management in April when the firm was handed control of the Schroder UK Growth trust, taking the suite to nine. Aside from the renamed Baillie Gifford UK Growth fund, all of the trusts are trading at a premium and issuing shares, Budden said. "The investment trusts have issued £400m in new equity across the range in the first six months of the year," he said. Baillie Gifford raises £173m for US Growth trust "There is currently no standout multi-asset investment trust out the...