Baillie Gifford’s sole business is investment management. Since the company was founded in 1908 it has been a partnership. Today it is owned by 43 partners all of whom work in the business. We believe that the best investment ideas spring from thinking about future possibilities, not short-term probabilities. We set no barriers to the imagination of our investors, encouraging fresh perspectives and the use of diverse sources of information. We currently manage or advise some £173bn on behalf of clients worldwide. Whilst we are predominantly an institutional manager (circa 90% of FUM), we offer an extensive range of investment trusts and open ended funds available to UK individual investors through most fund platforms and supermarkets.
The Merchants Trust
The Merchants Trust focuses on delivering high and rising income together with capital growth for its shareholders. The Trust is managed by Simon Gergel, Chief Investment Officer, UK Equities at Allianz Global Investors. Merchants’ aim is to provide shareholders with an above-average level of income and income growth with long term capital growth, through a policy of investing mainly in higher yielding large UK companies. Merchants is benchmarked against the FTSE All- Share Index. Although past performance is no guide to the future, Merchants is one of the highest yielding UK equity income investment trusts, currently yielding 5.1%.