UK - Baillie Gifford has launched an aggressive international equity product aimed at UK pension funds.
The new product will invest in all world markets, excluding the UK, and will target a 1.5% outperformance of benchmarks, said the firm.
Ballie Gifford’s chief investment officer Richard Burns said: “As the idea of the ‘global village’ gets closer, the investment opportunities become increasingly interesting so I welcome developments which lead us, and the market, to think more expansively.”
Nigel Morecroft, a partner at Baillie Gifford, added: “We've been planning this new product for some time to meet the increasingly sophisticated needs of UK pension funds.
“However, with markets in their present depressed state we anticipate that UK pension funds will be seeking outperformance to make up for recent losses including looking at the greater opportunities provided by international markets.”
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