In its most recent reshuffle, the fund ratings said the two Baillie Gifford funds lost the top rating after displaying a «deteriorating» AlphaQuest score, which meant the strategies no longer passed the firm's minimum threshold on this metric. The AlphaQuest score is the primary screening process every portfolio must pass in order to be considered for any FundCalibre rating, and it involves measuring risk-adjusted performance, with the figures considered after charges. According to data from FE fundinfo, the Baillie Gifford Global Discovery fund has delivered a -56.8% total return ove...
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