Capital at risk

UK OEIC

Emerging Markets Growth Fund

Share class

Unless otherwise stated we will show you content for the fund based on your selections.

Stay up to date

Save this fund to your shortlist, or subscribe to email updates so you never miss an insight or report.

Overview

Fund objective

The Emerging Markets Growth Fund aims to outperform (after deduction of costs) the MSCI Emerging Markets Index, as stated in sterling, over rolling five-year 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. In addition, the manager believes an appropriate performance comparison for this Fund is the Investment Association Global Emerging Markets Sector.

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.

Investment proposition

The Fund aims to invest in an actively managed portfolio of emerging market stocks. We invest on a long-term (5 year) perspective, and have a strong preference for growing companies, founded on the observation that returns follow earnings over the long-term in Emerging Markets. Many market participants favour the safety of steady predictable growth; we are willing to invest in companies where the outcomes are less certain, but where the potential returns are significant. The portfolio will typically hold between 60-100 stocks.

Strategy behind the fund

Emerging Markets All Cap
Our longest-standing Global Emerging Markets portfolio, targeting the world’s best Emerging Market companies with a diversified approach.

The capabilities behind this strategy

Share price and charges

Share class

B, Inc

Price

1295.00p

% change

0.47%

Yield

0.8%

Ex-dividend (XD)

X

Ongoing charges*

0.80%

Initial charge

0%

Minimum investment

£100,000

Minimum top up

£1,000

Fund facts

As at: 30 April 2026

Fund launch date

3 March 1997

Fund size

£577.08m

The Investment Association sector

Global Emerging Markets

Comparative Index

MSCI Emerging Markets Index

Active share

64%**

Annual turnover

25%

Guideline number of holdings

60-100

Current number of holdings

81

Style

Long term, active, growth

XD Date

Last day of April each year

Distribution

Last day of June each year

Pricing

Valuation point 10am daily, swinging single price

Fund settlement cycle

Trade date plus three business days (T+3)

**Relative to MSCI Emerging Markets Index. Source: Baillie Gifford & Co, MSCI.

Meet the managers

Risk Warnings

Risk Introduction

Investment markets can go down as well as up and market conditions can change rapidly. The value of an investment in the Fund, and any income from it, can fall as well as rise and investors may not get back the amount invested. The specific risks associated with the Fund include:

Custody

Custody of assets, particularly in emerging markets, involves a risk of loss if a custodian becomes insolvent or breaches duties of care.

Emerging Markets

The Fund invests in emerging markets, which includes China, where difficulties with market volatility, political and economic instability including the risk of market shutdown, trading, liquidity, settlement, corporate governance, regulation, legislation and taxation could arise, resulting in a negative impact on the value of your investment.

Concentration

The Fund's concentrated portfolio relative to similar funds may result in large movements in the share price in the short term.

Foreign Currency

The Fund has exposure to foreign currencies and changes in the rates of exchange will cause the value of any investment, and income from it, to fall as well as rise and you may not get back the amount invested.

Volatility

The Fund's share price can be volatile due to movements in the prices of the underlying holdings and the basis on which the Fund is priced.

Further Information

Further details of the risks associated with investing in the Fund can be found in the Key Investor Information Document or the Prospectus, copies of which are available at bailliegifford.com.

Index disclaimer

Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

Important information

Baillie Gifford Overseas Limited is wholly owned by Baillie Gifford & Co. Baillie Gifford Overseas Limited provides investment management and advisory services to non-UK clients. Both are authorised and regulated by the Financial Conduct Authority.

The information provided does not constitute an offer of or solicitation for purchase or sale of securities or provision of any investment services. Any general enquiries regarding Baillie Gifford should be directed to the relevant individual as noted in the Contact Us section.

The information contained in this website has been compiled with considerable care to ensure its accuracy at the date of publication. However, no representation or warranty, express or implied, is made to its accuracy or completeness. Nothing in this information or elsewhere in this website shall exclude, limit or restrict our duties and liabilities to you under the United Kingdom's Financial Services and Markets Act 2000 or any conduct of business rules which we are bound to comply with.

This website is informative only and the information provided should not be considered as investment advice or a recommendation to buy, sell or hold a particular investment. Read our Legal and regulatory information for further details.

Contact us

Still have a question?  Please get in touch with us.

Fund performance

Periodic performance

As at: 30 April 2026

1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
Class B-Acc
15.7%
5.7%
17.7%
60.3%
21.0%
5.8%
Index*
11.3%
6.3%
11.5%
45.0%
18.1%
6.9%
Sector Average**
11.5%
6.9%
12.4%
43.9%
16.5%
5.7%
Sector Ranking
22/185
126/185
26/183
11/182
22/166
79/152

Figures for 3 and 5 years are shown as the annualised rate of return. This is the average yearly return over the specified period.

Annual discrete performance

As at: 31 March 2026

31/03/2021 –
31/03/2022
31/03/2022 –
31/03/2023
31/03/2023 –
31/03/2024
31/03/2024 –
31/03/2025
31/03/2025 –
31/03/2026
Class B-Acc
-16.0%
-5.9%
8.4%
3.3%
33.2%
Index*
-6.8%
-4.5%
6.3%
6.3%
27.5%
Sector Average**
-8.7%
-4.4%
6.0%
3.2%
26.7%

Important information

Baillie Gifford Overseas Limited is wholly owned by Baillie Gifford & Co. Baillie Gifford Overseas Limited provides investment management and advisory services to non-UK clients. Both are authorised and regulated by the Financial Conduct Authority.

The information provided does not constitute an offer of or solicitation for purchase or sale of securities or provision of any investment services. Any general enquiries regarding Baillie Gifford should be directed to the relevant individual as noted in the Contact Us section.

The information contained in this website has been compiled with considerable care to ensure its accuracy at the date of publication. However, no representation or warranty, express or implied, is made to its accuracy or completeness. Nothing in this information or elsewhere in this website shall exclude, limit or restrict our duties and liabilities to you under the United Kingdom's Financial Services and Markets Act 2000 or any conduct of business rules which we are bound to comply with.

This website is informative only and the information provided should not be considered as investment advice or a recommendation to buy, sell or hold a particular investment. Read our Legal and regulatory information for further details.

Contact us

Still have a question?  Please get in touch with us.

Fund portfolio holdings

The list of top 10 holdings that this fund invests in.

As at: 30 April 2026

#Holding% of total assets
1Samsung Electronics10.0%
2SK Hynix9.9%
3TSMC9.4%
4MediaTek5.0%
5Tencent4.5%
6MercadoLibre2.7%
7Alibaba2.6%
8B32.1%
9Accton Technology2.1%
10Reliance Industries2.0%

Sector

As at: 30 April 2026

#
Sector
Fund %
Index % *
Difference %
1
Information Technology
41.5
36.8
4.7
2
Financials
13.5
19.7
-6.1
3
Consumer Discretionary
13.3
9.4
3.9
4
Materials
7.6
6.5
1.0
5
Industrials
7.3
7.5
-0.2
6
Energy
5.7
4.0
1.7
7
Communication Services
5.6
6.9
-1.4
8
Consumer Staples
2.3
3.2
-0.9
9
Utilities
1.7
2.2
-0.6
10
Real Estate
1.4
1.1
0.3
11
Health Care
0.4
2.7
-2.4
12
Cash
-0.1
0.0
-0.1
Total
100.0
100.0

Top 10 geographical locations

As at: 30 April 2026

#
Top 10 locations
Fund %
Index % *
Difference %
1
South Korea
23.4
18.7
4.7
2
China
22.7
23.0
-0.3
3
Taiwan
16.7
24.8
-8.2
4
Brazil
11.1
4.7
6.5
5
India
8.0
11.9
-3.9
6
Mexico
3.1
1.9
1.2
7
Thailand
2.5
1.0
1.5
8
South Africa
2.1
3.3
-1.2
9
Chile
1.8
0.5
1.3
10
Other Emerging Markets
1.6
0.0
1.6
Total
93.0
89.8

Quarterly transactions

Transactions for the three-month period ending 31 March 2026

New purchases

  • CSG B.V.
  • Montage Technology Co Ltd 'H'
  • Vista Energy Sab De Cv ADR

Complete sales

  • CSG B.V.
  • Globant Sa
  • Montage Technology Co Ltd 'H'
  • Raizen

Important information

Baillie Gifford Overseas Limited is wholly owned by Baillie Gifford & Co. Baillie Gifford Overseas Limited provides investment management and advisory services to non-UK clients. Both are authorised and regulated by the Financial Conduct Authority.

The information provided does not constitute an offer of or solicitation for purchase or sale of securities or provision of any investment services. Any general enquiries regarding Baillie Gifford should be directed to the relevant individual as noted in the Contact Us section.

The information contained in this website has been compiled with considerable care to ensure its accuracy at the date of publication. However, no representation or warranty, express or implied, is made to its accuracy or completeness. Nothing in this information or elsewhere in this website shall exclude, limit or restrict our duties and liabilities to you under the United Kingdom's Financial Services and Markets Act 2000 or any conduct of business rules which we are bound to comply with.

This website is informative only and the information provided should not be considered as investment advice or a recommendation to buy, sell or hold a particular investment. Read our Legal and regulatory information for further details.

Contact us

Still have a question?  Please get in touch with us.

Insights

Key articles, videos and podcasts relating to the fund:

Filters

Insights

Viewing 66 of 66
  1. When consensus fails

    Alex Summers explains why deep research can reveal emerging markets opportunities others miss.
    May 2026
    ArticleLong read
  2. Emerging markets: re-globalisation

    Qian Zhang explores why a multipolar world could increasingly favour emerging markets.
    April 2026
    Video3 minutes
  3. Emerging Markets Q1 update

    Investment manager Will Sutcliffe reflects on recent performance, portfolio changes and market developments over the last quarter.
    April 2026
    Video6 minutes
  4. Emerging markets: home to world-class companies

    Andrew Keiller explains why emerging markets are producing more standout businesses
    April 2026
    Video3 minutes
  5. Emerging Markets Q1 investor letter

    The Emerging Markets Team reflects on recent performance, portfolio changes and market developments.
    April 2026
    ArticleLong read
  6. alt=""

    Energy: oil shocks and emerging markets

    The crisis in the Middle East is proving the resilience of countries like Brazil, while testing others.
    April 2026
    Article4 minutes
  7. Emerging Markets, AI build and commodities

    We discuss US resilience, Accton Technology, and recent developments for the Emerging Markets Growth Fund.
    March 2026
    Video33 minutes
  8. A production line of graphics processing units; rows of sleek silver semiconductor chips.

    China’s chip gap

    China trails the US in AI chip hardware, but opportunities remain for patient investors.
    February 2026
    Article4 minutes
  9. alt=""

    Metals: from bellwether to bottleneck

    A shortage of critical metals presents an opportunity in emerging markets.
    January 2026
    Article5 minutes
  10. Emerging Markets Q4 investor letter

    The Emerging Markets Team reflects on recent performance, portfolio changes and market developments.
    January 2026
    ArticleLong read
  11. Emerging Markets Q4 update

    Investment manager Mike Gush reflects on recent performance, portfolio changes and market developments over the last quarter.
    January 2026
    Video6 minutes
  12. A pile of CDs on a white table. The spines show the names of 90s grunge bands: Soundgarden, Nirvana, Pearl Jam and Stone Temple Pilots.

    EM: getting beyond the broken record

    World-class companies await investors willing to look past ‘smash hit’ index heavyweights.
    December 2025
    Article4 minutes
  13. Emerging market companies leapfrogging western rivals

    Investment manager Alice Stretch explores disruptive businesses in Asia and Latin America.
    December 2025
    Podcast29 minutes
  14. Korea’s Value-Up ambition

    Why South Korea’s stock market has transformed from ugly duckling to world-leading.
    November 2025
    Article4 minutes
  15. TSMC: Stock Story

    Qian Zhang unwraps TSMC, the company powering modern life.
    November 2025
    Video3 minutes
  16. alt=""

    Tencent: Stock Story

    Fernanda Lai explores how Tencent became the super-app pioneer connecting over one billion users.
    November 2025
    Video3 minutes
  17. Emerging markets, from imitators to innovators

    From driverless taxis to digital banking, emerging markets are leading a new wave of innovation that’s reshaping industries worldwide.
    Disruption Week 2025
    Article5 minutes
  18. From Pac-Man to AI agents

    How Tencent is evolving beyond gaming.
    October 2025
    Article3 minutes
  19. Emerging Markets: are you missing the point?

    Why underweighting EM is an active risk, not a cautious stance.
    October 2025
    Article6 minutes
  20. Emerging Markets Q3 update

    Investment manager Ben Durrant reflects on recent performance, portfolio changes and market developments over the last quarter.
    October 2025
    Video7 minutes
  21. Emerging Markets Q3 investor letter

    The Emerging Markets Team reflects on recent performance, portfolio changes and market developments.
    October 2025
    Article
  22. Engines of the future

    Why emerging markets drive global growth.
    September 2025
    Article3 minutes
  23. Our best ideas in China

    Ben Buckler highlights Meituan (autonomous delivery), Midea (smart homes) and CATL (EV batteries).
    September 2025
    Video3 minutes
  24. Three ways we think about AI in Emerging Markets

    Why hardware producers, platforms and quiet compounders give our portfolios exposure to AI.
    August 2025
    Article4 minutes
  25. Vietnam: in step with structural growth

    Vietnam’s reform-driven economy and rising domestic consumption offer rare long-term potential.
    July 2025
    Article5 minutes
  26. Emerging Markets Q2 investor letter

    The Emerging Markets Team reflects on recent performance, portfolio changes and market developments.
    July 2025
    Article12 minutes
  27. Emerging Markets Q2 update

    Investment manager Will Sutcliffe reflects on recent performance, portfolio changes and market developments.
    July 2025
    Video6 minutes
  28. China: driving the future

    How Chinese automakers, like BYD, are leading the way in electric vehicles and driverless cars.
    June 2025
    Article3 minutes
  29. Emerging markets: the next engines of global growth

    From lithium mining to a do-it-all super-app, companies capitalising on transformational trends.
    June 2025
    Podcast33 minutes
  30. A bustling market in Jodhpur’s Old City at sunset. People walk past brightly coloured stalls and yellow rickshaws parked in the foreground.

    India: selective exposure to a key market

    Why the Emerging Markets’ Team is reviewing its underweight position in Indian equities.
    May 2025
    Article3 minutes
  31. Tariff twists and turns

    Emerging markets investors should avoid knee-jerk reactions.
    April 2025
    Article3 minutes
  32. Emerging markets in 2050

    Trade shifts and underserved populations are among the factors favouring world-class stocks.
    April 2025
    Article
  33. Emerging Markets Q1 update

    The Emerging Markets Team reflects on recent performance, portfolio changes and market developments over the last quarter.
    April 2025
    Video13 minutes
  34. Emerging Markets Q1 investor letter

    The Emerging Markets Team reflects on recent performance, portfolio changes and market developments.
    April 2025
    Article12 minutes
  35. Lithium: powering the future

    Investing in the Chilean mining company charging the energy transition.
    March 2025
    Article3 minutes
  36. EM: how we do what we do

    How do we implement our emerging markets philosophy in practice?
    March 2025
    Document
  37. EM: Why we do what we do

    Why do we invest in emerging markets in the way that we do?
    March 2025
    Document
  38. Moutai: Stock Story

    Ben Buckler investigates the Chinese brand dominating the global luxury drinks market.
    March 2025
    Video3 minutes
  39. DeepSeek: disruptive AI

    Why investors shouldn’t overlook Chinese innovation
    February 2025
    Article4 minutes
  40. Emerging Markets Q4 investor letter

    The Emerging Markets Team reflects on recent performance, portfolio changes and market developments.
    January 2025
    Article10 minutes
  41. Emerging markets: new opportunities

    The evolving landscape of emerging markets, fuelled by AI, energy transition and world-class companies driving growth.
    December 2024
    Article3 minutes
  42. Samsung: chipping away at challenges

    How Samsung turns challenges into opportunities for future growth.
    November 2024
    Article3 minutes
  43. The rise of the Global South

    Unpacking the BRICS summit's outcomes, the Global South's rise and implications for EM investors.
    October 2024
    Article3 minutes
  44. Travelling Brazil: open for business

    We share the trip notes from our time in Brazil, highlighting the energy sector, sustainability and fintech.
    September 2024
    Article3 minutes
  45. Traffic during twilight of Shanghai China, motion blur visible.

    The brilliance of Brilliance

    Brilliance China Automotive's journey with its partnership, BMW, through governance, engagement, and value.
    August 2024
    Article3 minutes
  46. Traditional Chinese doors with brass lion head door knockers and ornamental studs. The doors are open letting in light.

    China’s third plenum: staying the tech course

    Unveil China's third plenum resolutions focusing on AI, biotech, and renewable energies amid global challenges.
    July 2024
    Article3 minutes
  47. Shareholders are seated in an auditorium, some are raising their hands to vote

    Emerging markets democracy: better than you think

    See what the recent elections in Mexico and India mean for emerging markets investors.
    June 2024
    Article3 minutes
  48. From earth to equity: the platinum opportunity

    Platinum's role in health, tech and green energy.
    May 2024
    Article4 minutes
  49. Will Sutcliffe

    Emerging Markets: our philosophy

    Investment manager William Sutcliffe introduces Emerging Markets, reflecting on the exciting opportunities ahead.
    May 2024
    Video4 minutes
  50. Luckin Coffee: looking forward

    How Luckin Coffee is revolutionising China's coffee culture.
    April 2024
    Article3 minutes
  51. Women in orange saris carrying water at step well in Jaipur, India

    30 years of emerging markets

    Baillie Gifford’s Will Sutcliffe explains how emerging markets have evolved in the last three decades.
    April 2024
    Article15 minutes
  52. High-calibre emerging markets firms

    Why it’s a promising time to invest in exceptional emerging markets companies
    April 2024
    Podcast29 minutes
  53. ESG analyst trip notes: India and China

    Read more about the unique perspective on the evolving energy landscape and corporate governance in these emerging markets.
    March 2024
    Document3 minutes
  54. BRICS expansion and impact

    Unveiling the BRICS expansion's global influence and its effect on trade and geopolitics
    February 2024
    Document3 minutes
  55. Baillie Gifford

    Copper's role in emerging markets

    Assessing copper's supply challenges and investment potential in emerging markets for 2024.
    January 2024
    Document3 minutes
  56. India's triumph in a turbulent world

    Uncover insights on emerging markets, India's economy, and Asia's rising export champions.
    December 2023
    Document3 minutes
  57. China: fear or FOMO?

    Ben Buckler on how investors should steer between the twin poles of risk in China.
    December 2023
    Article5 minutes
  58. South-east Asia's new export champions

    Uncovering Asia's rising export stars in Vietnam, Indonesia and Thailand.
    November 2023
    Document3 minutes
  59. Emerging markets – why bother?

    Emerging markets have underperformed developed ones recently. So, why should we invest in them?
    November 2023
    Article
  60. Conversations with Shanghai

    Discover the importance of High Bandwidth Memory in AI development and the key players in the market - SK Hynix and Samsung Electronics.
    October 2023
    Document3 minutes
  61. Finding China’s A-share jewels

    The country’s domestic markets are rich in companies with the know-how to become global leaders.
    September 2023
    Article
  62. Beyond the numbers

    An analysis of the relationship between GDP growth and stock market returns in emerging markets, with a focus on China.
    August 2023
    Document3 minutes
  63. Brazil's economic landscape

    Challenging perceptions: Lula's re-election and Brazil's economic potential
    July 2023
    Document3 minutes
  64. Emerging Markets: the possibilist

    Understanding the difference between pessimism and possibility in Emerging Markets.
    May 2022
    Article
  65. Time travel investing

    Evaluating emerging market stocks by taking a mental leap into the future.
    October 2021
    Article
  66. Abstract illustration of skyscraper buildings

    The shape of things to come

    It’s essential to be realistic and keep the risk of over-optimism in check. But there’s plenty to feel positive about in emerging markets, says Tim Erskine-Murray, who offers an insight into the reasons for his unwavering enthusiasm.
    November 2019
    DocumentNovember 2019

  1. When consensus fails

    Alex Summers explains why deep research can reveal emerging markets opportunities others miss.
    May 2026
    ArticleLong read
  2. Emerging markets: re-globalisation

    Qian Zhang explores why a multipolar world could increasingly favour emerging markets.
    April 2026
    Video3 minutes
  3. Emerging Markets Q1 update

    Investment manager Will Sutcliffe reflects on recent performance, portfolio changes and market developments over the last quarter.
    April 2026
    Video6 minutes
  4. Emerging markets: home to world-class companies

    Andrew Keiller explains why emerging markets are producing more standout businesses
    April 2026
    Video3 minutes
  5. Emerging Markets Q1 investor letter

    The Emerging Markets Team reflects on recent performance, portfolio changes and market developments.
    April 2026
    ArticleLong read
  6. alt=""

    Energy: oil shocks and emerging markets

    The crisis in the Middle East is proving the resilience of countries like Brazil, while testing others.
    April 2026
    Article4 minutes
  7. Emerging Markets, AI build and commodities

    We discuss US resilience, Accton Technology, and recent developments for the Emerging Markets Growth Fund.
    March 2026
    Video33 minutes
  8. A production line of graphics processing units; rows of sleek silver semiconductor chips.

    China’s chip gap

    China trails the US in AI chip hardware, but opportunities remain for patient investors.
    February 2026
    Article4 minutes
  9. alt=""

    Metals: from bellwether to bottleneck

    A shortage of critical metals presents an opportunity in emerging markets.
    January 2026
    Article5 minutes
  10. Emerging Markets Q4 investor letter

    The Emerging Markets Team reflects on recent performance, portfolio changes and market developments.
    January 2026
    ArticleLong read
  11. Emerging Markets Q4 update

    Investment manager Mike Gush reflects on recent performance, portfolio changes and market developments over the last quarter.
    January 2026
    Video6 minutes
  12. A pile of CDs on a white table. The spines show the names of 90s grunge bands: Soundgarden, Nirvana, Pearl Jam and Stone Temple Pilots.

    EM: getting beyond the broken record

    World-class companies await investors willing to look past ‘smash hit’ index heavyweights.
    December 2025
    Article4 minutes
  13. Emerging market companies leapfrogging western rivals

    Investment manager Alice Stretch explores disruptive businesses in Asia and Latin America.
    December 2025
    Podcast29 minutes
  14. Korea’s Value-Up ambition

    Why South Korea’s stock market has transformed from ugly duckling to world-leading.
    November 2025
    Article4 minutes
  15. TSMC: Stock Story

    Qian Zhang unwraps TSMC, the company powering modern life.
    November 2025
    Video3 minutes
  16. alt=""

    Tencent: Stock Story

    Fernanda Lai explores how Tencent became the super-app pioneer connecting over one billion users.
    November 2025
    Video3 minutes
  17. Emerging markets, from imitators to innovators

    From driverless taxis to digital banking, emerging markets are leading a new wave of innovation that’s reshaping industries worldwide.
    Disruption Week 2025
    Article5 minutes
  18. From Pac-Man to AI agents

    How Tencent is evolving beyond gaming.
    October 2025
    Article3 minutes
  19. Emerging Markets: are you missing the point?

    Why underweighting EM is an active risk, not a cautious stance.
    October 2025
    Article6 minutes
  20. Emerging Markets Q3 update

    Investment manager Ben Durrant reflects on recent performance, portfolio changes and market developments over the last quarter.
    October 2025
    Video7 minutes
  21. Emerging Markets Q3 investor letter

    The Emerging Markets Team reflects on recent performance, portfolio changes and market developments.
    October 2025
    Article
  22. Engines of the future

    Why emerging markets drive global growth.
    September 2025
    Article3 minutes
  23. Our best ideas in China

    Ben Buckler highlights Meituan (autonomous delivery), Midea (smart homes) and CATL (EV batteries).
    September 2025
    Video3 minutes
  24. Three ways we think about AI in Emerging Markets

    Why hardware producers, platforms and quiet compounders give our portfolios exposure to AI.
    August 2025
    Article4 minutes
  25. Vietnam: in step with structural growth

    Vietnam’s reform-driven economy and rising domestic consumption offer rare long-term potential.
    July 2025
    Article5 minutes
  26. Emerging Markets Q2 investor letter

    The Emerging Markets Team reflects on recent performance, portfolio changes and market developments.
    July 2025
    Article12 minutes
  27. Emerging Markets Q2 update

    Investment manager Will Sutcliffe reflects on recent performance, portfolio changes and market developments.
    July 2025
    Video6 minutes
  28. China: driving the future

    How Chinese automakers, like BYD, are leading the way in electric vehicles and driverless cars.
    June 2025
    Article3 minutes
  29. Emerging markets: the next engines of global growth

    From lithium mining to a do-it-all super-app, companies capitalising on transformational trends.
    June 2025
    Podcast33 minutes
  30. A bustling market in Jodhpur’s Old City at sunset. People walk past brightly coloured stalls and yellow rickshaws parked in the foreground.

    India: selective exposure to a key market

    Why the Emerging Markets’ Team is reviewing its underweight position in Indian equities.
    May 2025
    Article3 minutes
  31. Tariff twists and turns

    Emerging markets investors should avoid knee-jerk reactions.
    April 2025
    Article3 Minutes
  32. Emerging markets in 2050

    Trade shifts and underserved populations are among the factors favouring world-class stocks.
    April 2025
    Article
  33. Emerging Markets Q1 update

    The Emerging Markets Team reflects on recent performance, portfolio changes and market developments over the last quarter.
    April 2025
    Video13 minutes
  34. Emerging Markets Q1 investor letter

    The Emerging Markets Team reflects on recent performance, portfolio changes and market developments.
    April 2025
    Article12 minutes
  35. Lithium: powering the future

    Investing in the Chilean mining company charging the energy transition.
    March 2025
    Article3 minutes
  36. EM: how we do what we do

    How do we implement our emerging markets philosophy in practice?
    March 2025
    Document
  37. EM: Why we do what we do

    Why do we invest in emerging markets in the way that we do?
    March 2025
    Document
  38. Moutai: Stock Story

    Ben Buckler investigates the Chinese brand dominating the global luxury drinks market.
    March 2025
    Video3 minutes
  39. DeepSeek: disruptive AI

    Why investors shouldn’t overlook Chinese innovation
    February 2025
    Article4 minutes
  40. Emerging Markets Q4 investor letter

    The Emerging Markets Team reflects on recent performance, portfolio changes and market developments.
    January 2025
    Article10 minutes
  41. Emerging markets: new opportunities

    The evolving landscape of emerging markets, fuelled by AI, energy transition and world-class companies driving growth.
    December 2024
    Article3 minutes
  42. Samsung: chipping away at challenges

    How Samsung turns challenges into opportunities for future growth.
    November 2024
    Article3 minutes
  43. The rise of the Global South

    Unpacking the BRICS summit's outcomes, the Global South's rise and implications for EM investors.
    October 2024
    Article3 minutes
  44. Travelling Brazil: open for business

    We share the trip notes from our time in Brazil, highlighting the energy sector, sustainability and fintech.
    September 2024
    Article3 minutes
  45. Traffic during twilight of Shanghai China, motion blur visible.

    The brilliance of Brilliance

    Brilliance China Automotive's journey with its partnership, BMW, through governance, engagement, and value.
    August 2024
    Article3 minutes
  46. Traditional Chinese doors with brass lion head door knockers and ornamental studs. The doors are open letting in light.

    China’s third plenum: staying the tech course

    Unveil China's third plenum resolutions focusing on AI, biotech, and renewable energies amid global challenges.
    July 2024
    Article3 minutes
  47. Shareholders are seated in an auditorium, some are raising their hands to vote

    Emerging markets democracy: better than you think

    See what the recent elections in Mexico and India mean for emerging markets investors.
    June 2024
    Article3 minutes
  48. From earth to equity: the platinum opportunity

    Platinum's role in health, tech and green energy.
    May 2024
    Article4 minutes
  49. Will Sutcliffe

    Emerging Markets: our philosophy

    Investment manager William Sutcliffe introduces Emerging Markets, reflecting on the exciting opportunities ahead.
    May 2024
    Video4 minutes
  50. Luckin Coffee: looking forward

    How Luckin Coffee is revolutionising China's coffee culture.
    April 2024
    Article3 minutes
  51. Women in orange saris carrying water at step well in Jaipur, India

    30 years of emerging markets

    Baillie Gifford’s Will Sutcliffe explains how emerging markets have evolved in the last three decades.
    April 2024
    Article15 minutes
  52. High-calibre emerging markets firms

    Why it’s a promising time to invest in exceptional emerging markets companies
    April 2024
    Podcast29 minutes
  53. ESG analyst trip notes: India and China

    Read more about the unique perspective on the evolving energy landscape and corporate governance in these emerging markets.
    March 2024
    Document3 minutes
  54. BRICS expansion and impact

    Unveiling the BRICS expansion's global influence and its effect on trade and geopolitics
    February 2024
    Document3 minutes
  55. Baillie Gifford

    Copper's role in emerging markets

    Assessing copper's supply challenges and investment potential in emerging markets for 2024.
    January 2024
    Document3 minutes
  56. India's triumph in a turbulent world

    Uncover insights on emerging markets, India's economy, and Asia's rising export champions.
    December 2023
    Document3 minutes
  57. China: fear or FOMO?

    Ben Buckler on how investors should steer between the twin poles of risk in China.
    December 2023
    Article5 minutes
  58. South-east Asia's new export champions

    Uncovering Asia's rising export stars in Vietnam, Indonesia and Thailand.
    November 2023
    Document3 minutes
  59. Emerging markets – why bother?

    Emerging markets have underperformed developed ones recently. So, why should we invest in them?
    November 2023
    Article
  60. Conversations with Shanghai

    Discover the importance of High Bandwidth Memory in AI development and the key players in the market - SK Hynix and Samsung Electronics.
    October 2023
    Document3 minutes
  61. Finding China’s A-share jewels

    The country’s domestic markets are rich in companies with the know-how to become global leaders.
    September 2023
    Article
  62. Beyond the numbers

    An analysis of the relationship between GDP growth and stock market returns in emerging markets, with a focus on China.
    August 2023
    Document3 minutes
  63. Brazil's economic landscape

    Challenging perceptions: Lula's re-election and Brazil's economic potential
    July 2023
    Document3 minutes
  64. Emerging Markets: the possibilist

    Understanding the difference between pessimism and possibility in Emerging Markets.
    May 2022
    Article
  65. Time travel investing

    Evaluating emerging market stocks by taking a mental leap into the future.
    October 2021
    Article
  66. Abstract illustration of skyscraper buildings

    The shape of things to come

    It’s essential to be realistic and keep the risk of over-optimism in check. But there’s plenty to feel positive about in emerging markets, says Tim Erskine-Murray, who offers an insight into the reasons for his unwavering enthusiasm.
    November 2019
    DocumentNovember 2019

Important information

Baillie Gifford Overseas Limited is wholly owned by Baillie Gifford & Co. Baillie Gifford Overseas Limited provides investment management and advisory services to non-UK clients. Both are authorised and regulated by the Financial Conduct Authority.

The information provided does not constitute an offer of or solicitation for purchase or sale of securities or provision of any investment services. Any general enquiries regarding Baillie Gifford should be directed to the relevant individual as noted in the Contact Us section.

The information contained in this website has been compiled with considerable care to ensure its accuracy at the date of publication. However, no representation or warranty, express or implied, is made to its accuracy or completeness. Nothing in this information or elsewhere in this website shall exclude, limit or restrict our duties and liabilities to you under the United Kingdom's Financial Services and Markets Act 2000 or any conduct of business rules which we are bound to comply with.

This website is informative only and the information provided should not be considered as investment advice or a recommendation to buy, sell or hold a particular investment. Read our Legal and regulatory information for further details.

Contact us

Still have a question?  Please get in touch with us.

Documents

You can access any literature about the Fund here.

To download any document you will need Adobe Reader. Please note that we can now provide you with Braille and audio transcriptions of our literature on request. It may take up to 10 days for the transcription to be completed dependent on the size of the document.

Contact us

Still have a question?  Please get in touch with us.

Important information

Baillie Gifford Overseas Limited is wholly owned by Baillie Gifford & Co. Baillie Gifford Overseas Limited provides investment management and advisory services to non-UK clients. Both are authorised and regulated by the Financial Conduct Authority.

The information provided does not constitute an offer of or solicitation for purchase or sale of securities or provision of any investment services. Any general enquiries regarding Baillie Gifford should be directed to the relevant individual as noted in the Contact Us section.

The information contained in this website has been compiled with considerable care to ensure its accuracy at the date of publication. However, no representation or warranty, express or implied, is made to its accuracy or completeness. Nothing in this information or elsewhere in this website shall exclude, limit or restrict our duties and liabilities to you under the United Kingdom's Financial Services and Markets Act 2000 or any conduct of business rules which we are bound to comply with.

This website is informative only and the information provided should not be considered as investment advice or a recommendation to buy, sell or hold a particular investment. Read our Legal and regulatory information for further details.