Baillie Gifford Brit Sm Cos: Qual. Rating Issued

Baillie Gifford British Smaller Companies holds promise, but is a bit lacking in experience.

Chetan Modi | 17-06-09 | E-mail Article

We have published a new Morningstar Qualitative Rating and Research Report for Baillie Gifford British Smaller Companies.

"Douglas Brodie took the helm of this fund from Iain McCombie in Nov. 2007. He had been a small-cap analyst under McCombie for seven years; he also has research support in Kate Speakman (she has been at the firm for six years) and two less experienced analysts. Brodie and Speakman are familiar with the house process and its application to UK small caps but it’s a concern that Brodie has never managed a fund before and that the small-cap team lost seasoned campaigner McCombie (he has switched his focus to larger-cap UK equities and now runs the Baillie Gifford British 350 fund)..."

The full four page pdf report can be accessed here. It is free to users of Morningstar.co.uk.

Chetan Modi is a fund analyst at Morningstar UK. He cannot give financial advice, but would like to hear from you. You can contact the author via this feedback form.
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