Baillie Gifford expects this year to arrest the heavy outflows that have plagued the Edinburgh-based asset manager for months, having found itself among the UK’s worst-selling fund groups in 2023.

Data from Morningstar shows Baillie Gifford bled £6.6bn last year from its UK-domiciled funds between January and the end of November, compounding a period of investor withdrawals which it has been grappling with for the past couple of years.