Edinburgh-based fund management giant Baillie Gifford is set to open an office in Shanghai in the coming months as it moves to beef up its research capabilities in the Chinese equity market, according to trade news reports.
Baillie Gifford has assets under management and advice of almost £200 billion.
The reports said Baillie Gifford has one China fund and a number of its other mandates have significant exposure to the Chinese market — including its £7 billion closed end fund, the Scottish Mortgage investment trust.
Chinese giants Baidu, Alibaba and Tencent are among Baillie Gifford’s biggest equity holdings.
The reports said Baillie Gifford also runs a number of segregated mandates in China, but does not market its range of funds to Chinese investors.