Baillie Gifford reports first firm-wide underperformance of benchmarks since 2009

Calculated using annualised five-year total returns with all funds equally weighted, Baillie Gifford's average performance of its product range relative their benchmark indices fell into the red for the first time in more than a decade, with 18 of the total 36 funds receiving a red rating for performance. A further three received an amber rating, while 11 were deemed green and four were unjudged due to lack of data. By comparison, only five funds were rated red last year, with four of these funds retaining a red rating again this year. The other fund, the Baillie Gifford UK Equity Foc...