ObjectiveThe value of investments and any income from them may go down as well as up and you or your client may not get back the amount originally invested.
The Global Stewardship Fund aims to outperform (after deduction of costs) the MSCI AC World Index, as stated in Sterling, by at least 2% per annum over rolling five-year periods. There is no guarantee that this objective will be achieved over any time period and actual investment returns may differ from this objective, particularly over shorter time periods. The manager believes this is an appropriate benchmark given the investment policy of the Fund and the approach taken by the manager when investing.
Meet the ManagersIain McCombie
Iain is the lead manager of our UK Core strategy. He is also a member of the Global Stewardship Portfolio Construction Group (PCG). Most recently, Iain served as Chief of Investment Staff from 2013 to 2018 and became a Partner of the firm in 2005. He initially joined Baillie Gifford in 1994 and spent five years training as an Investment Manager in the US Equities Team before joining the UK Equity Team in 1999. Iain graduated MA in Accountancy from the University of Aberdeen and subsequently trained as a Chartered Accountant.Gary Robinson
Gary is an Investment Manager in the US Equities Team. He graduated MBiochem in Biochemistry from the University of Oxford in 2003 and joined Baillie Gifford the same year. He spent time working on our Japanese, UK and European Equity Teams before moving to the US Equities Team in 2008. Gary is a generalist investor but retains a special interest in the healthcare sector dating back to his undergraduate degree. Gary is also a member of the Global Stewardship Portfolio Construction Group.Mike Gush
Mike is a named manager for Baillie Gifford’s Emerging Markets and China Funds, as well as being responsible for the Emerging Markets Small Cap Strategy. He has also been involved with the Global Stewardship Strategy since its inception in 2015. Mike first joined Baillie Gifford in 2003 and worked in the UK and Japanese Equities Teams before moving to the Emerging Markets Equity Team in 2005. He became an Investment Manager in 2006 and has researched all Emerging Markets during his career. Mike also has previous experience managing the Pacific Horizon Investment Trust and the Baillie Gifford Pacific Fund. He is a CFA Charterholder and graduated MEng from the University of Durham in 2003.Matthew Brett
Matthew is an Investment Manager in the Japanese Equities Team. He is manager of the Japanese All Cap Strategy and Lead Manager of the Japanese Income Growth Strategy. He is also a member of the Global Stewardship Portfolio Construction Group. Matthew joined Baillie Gifford in 2003 and became a Partner in 2018. He is a CFA Charterholder. Matthew graduated BA (Hons) in Natural Sciences (Psychology) from the University of Cambridge in 2000 and holds a PhD in Psychology from the University of Bristol.Stephen Paice
Stephen is Head of the European Equity Team and a member of the Global Stewardship Portfolio Construction Group. He joined Baillie Gifford in 2005 and spent time in the US, UK Smaller Companies and Japanese Equities Teams. Stephen graduated BSc in Financial Mathematics in 2005.Zaki Sabir
Zaki joined Baillie Gifford in 2007 and is a Senior Analyst in the Global Discovery Team. He has also been a member of the Global Stewardship Portfolio Construction Group since 2017. Zaki graduated BA in Business Accounting and Finance from the University of Newcastle in 2006.
Actual investors help shape the new world.
Not shore up the old one.
Launch Date 7 December 2015 Benchmark MSCI AC World Index + 2% The Investment Association Sector Global XD Date 30 June Distribution 31 August Pricing Valuation point 10am daily, swinging single price Active Share 92%**
Our Investment Philosophy is to add value through genuinely long-term active management.
Investment Choice and Charges
Share Class ISIN Number SEDOL Number Min. Investment Min. Top Up Ongoing Charges* Initial Charge B Acc GB00BYNK7G95 BYNK7G9 £1,000 £100 0.53% 0% B Inc GB00BDDY6H83 BDDY6H8 £1,000 £100 0.53% 0%
* Annual figures as at 30/06/2019
A further explanation of all the charges and costs relating to this Fund can be found in the Enhanced Disclosure of Fund Charges and Costs document.