Capital at risk

Investment strategy

Emerging Markets Concentrated Growth

This is a concentrated portfolio of 15-25 companies.

We’ve been investing in Emerging Markets (EM) for decades and are grateful to be entrusted by a wide range of long-standing clients across the world.  

A cross-sea bridge in the fog at night in liaoning, China.

Developed investing in the developing world

EM investors should be open-minded about where growth can come from. We take a patient approach in the least patient markets; helping our clients benefit from powerful growth tailwinds in developing countries. 

Turning time to your advantage

Our goal is to build strong relationships with like-minded clients. We can only do this if we deliver strong investment performance, net of costs, over the long term.  

The number of genuinely world-class companies in emerging markets is growing and we feel very fortunate to be tasked with seeking these out. We must invest with patience and give decisions time to prove themselves. 

EM companies often have substantial addressable opportunities and decades of growth ahead of them. We believe that being selective is imperative to those seeking the best results: the index is not the best reflection of future growth. 

Appreciating the underappreciated

We believe there are three persistent inefficiencies that we are well-placed to exploit for our clients: 

  • Growth duration: many companies grow for much longer than expected 
  • Growth pace: many companies grow much faster than expected 
  • Growth surprise: many companies grow when it’s least expected 

Much of our process relies on the interplay of data, experience, educated creativity and probability. This does not necessarily lend itself to a matrix or a flowchart.

The quality of companies is increasing, growth is very much on offer, yet because of external factors and risk perceptions, we have an opportunity to invest at what look like very low prices.
Mike GushInvestment Manager, Partner

Meet the managers

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Philosophy and process

Explore our investment philosophy and the processes around how the Emerging Markets team construct the portfolio.

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.

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