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Baillie Gifford axes British Smaller Companies fund

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Baillie Gifford has closed its British Smaller Companies fund following a lacklustre period of performance, Citywire Wealth Manager has learned. The strategy, managed by Charlie Broughton, has lost 16% over the past three years, underperforming the sector average of 15.8%. The small-cap fund, which closed on 27 June, was put…

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