Capital at risk
Sustainable Multi Asset
We look to generate attractive returns over cash with low volatility, investing within a tight carbon budget in line with the Paris Agreement.
Our wide opportunity set and diverse asset mix allow us to create flexible portfolios prepared for different economic conditions.
Limiting carbon, not growth
We offer a breadth of opportunity across a diverse range of asset classes, aiming to deliver attractive returns with lower volatility than equity markets and within a decreasing carbon budget.
Emphasising diversification
We seek to provide a diverse, actively managed portfolio with three equally weighted objectives of return, climate and risk.
We take a broad opportunity set and turn it into a single fund with sustainable qualities. This offers clients an effective way to achieve diversification at lower volatility levels than equity markets.
Our objectives:
- a return of 3.5 per cent more than UK base rate over rolling five-year periods and a positive return over rolling three-year periods
- a carbon footprint maintained below a budget which declines at 7 per cent per annum
- volatility of returns below 10 per cent over rolling five-year periods
Looking to the future, not the past
We’ve been investing in multi-asset portfolios since 2009. We combine our macro views with themes that will drive markets in the long term to find the best opportunities.
We also ask, "is this investment compatible with a sustainable economy?" and apply our expertise to construct a portfolio that incorporates:
- macroeconomic views
- long-term return expectations
- risk and near-term scenario analysis
- environmental, social and governance (ESG) factors
The result is a sustainable, research-led portfolio that seeks to generate value for clients throughout economic cycles.
Change brings opportunities. Short-term changes can be as unpredictable as a river’s meander, but by focusing on long-term trends we think it’s possible to figure out the likely destination.
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Strategy portfolio holdings
A list of the top 10 holdings that the representative portfolio invests in.
All figures up to: 31 March 2024
| # | Holding | % of portfolio |
|---|---|---|
| 1 | Baillie Gifford Worldwide Sustainable Emerging Markets Bond Fund | 8.9% |
| 2 | Blackrock GBP LEAF Fund | 4.7% |
| 3 | Baillie Gifford High Yield Bond Fund | 4.5% |
| 4 | Plutus CLO Fund | 3.6% |
| 5 | Leadenhall UCITS ILS Fund | 3.4% |
| 6 | Galene Fund | 3.0% |
| 7 | Baillie Gifford Investment Grade Bond Fund | 3.0% |
| 8 | Baillie Gifford Responsible Global Equity Income Fund | 2.7% |
| 9 | Aegon ABS Opportunity Fund Acc | 2.6% |
| 10 | Baillie Gifford Emerging Markets Bond Fund | 2.5% |
Please note
The information contained on this page is intended as a guide only and should not be relied upon when making investment decisions. All holdings information is unaudited. Source Baillie Gifford & Co. Please note that totals may not add due to rounding.
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Curious to learn more about our products and what we can offer you? Please get in touch.
Insights
Key articles, videos and podcasts relating to the strategy:
Filters
Insights
Multi Asset investment update
An update on performance, portfolio developments and where we see new opportunities.
Where are the opportunities?
The Multi Asset Team’s forecast for growth, bonds, equities and other assets over the decade.
Multi Asset investment update
An update on the portfolio, market environment and outlook for the year ahead.
Multi Asset: Investment process evolution
Focusing on the central pillars of our multi-asset investment process has sparked an evolution.
Sustainable Multi Asset Stewardship Report 2022-23
We are not just budgeting for risk and costs, Sustainable Multi Asset budgets for carbon.
Multi Asset Q3 investment update
How is the portfolio adapting to risks and opportunities? Scott Lothian explains.
Multi Asset quarterly update
James Squires reflects on the current environment influencing Multi Asset portfolios.
Why now for multi-asset investing
Who benefits from the new macro environment? Why multi-asset investing remains a viable option.
Productivity’s slowdown unravelled
Casting fresh light on why productivity growth lost steam and why it might be about to pick up.
Why excess global savings matter
The savings surplus affects companies that want to issue financial assets to fund investment.
The robots are coming
Robots won’t take all our jobs, but they will affect labour markets and, with them, inflation.
The inflation debate
A temporary blip or a structural shift? The Multi Asset Team debates inflation’s ups and downs.
The productivity surge of the 2020s
Are the days of productivity growth over? The Multi Asset Team does not think so.
Where are the opportunities?
Related insights
Multi Asset investment update
An update on performance, portfolio developments and where we see new opportunities.Where are the opportunities?
The Multi Asset Team’s forecast for growth, bonds, equities and other assets over the decade.Multi Asset investment update
An update on the portfolio, market environment and outlook for the year ahead.Multi Asset: Investment process evolution
Focusing on the central pillars of our multi-asset investment process has sparked an evolution.Sustainable Multi Asset Stewardship Report 2022-23
We are not just budgeting for risk and costs, Sustainable Multi Asset budgets for carbon.Multi Asset Q3 investment update
How is the portfolio adapting to risks and opportunities? Scott Lothian explains.Multi Asset quarterly update
James Squires reflects on the current environment influencing Multi Asset portfolios.Why now for multi-asset investing
Who benefits from the new macro environment? Why multi-asset investing remains a viable option.Productivity’s slowdown unravelled
Casting fresh light on why productivity growth lost steam and why it might be about to pick up.Why excess global savings matter
The savings surplus affects companies that want to issue financial assets to fund investment.The robots are coming
Robots won’t take all our jobs, but they will affect labour markets and, with them, inflation.The inflation debate
A temporary blip or a structural shift? The Multi Asset Team debates inflation’s ups and downs.The productivity surge of the 2020s
Are the days of productivity growth over? The Multi Asset Team does not think so.
Explore further
Curious to learn more about our products and what we can offer you? Please get in touch.
Important information
The content of this website is intended exclusively for professional investors in accordance with MiFID legislation. ’Professional investors’ are potential investors who are deemed to have the status of “professional clients”, within the meaning of MiFID (2004/39/EC), as transposed in Ireland. It is not intended for retail investors.
Baillie Gifford Investment Management (Europe) Limited is authorised and regulated by the Central Bank of Ireland (Reference number C182354) as an Alternative Investment Fund Manager and UCITS Manager to Baillie Gifford Worldwide Funds plc. Its registered office is 4/5 School House Lane East, Dublin 2, D02 N279, Ireland.
This website is informative only and the information provided should not be considered as investment or other advice or a recommendation to buy, sell or hold a particular investment. Read our Legal and regulatory information for further details.