1. In markets seduced by complexity, we believe in keeping things simple. We invest in what we believe to be the most competitive, innovative and efficient growth companies.

    All investment strategies have the potential for profit and loss and strategy performance targets are not guaranteed.
  2. GLOBAL EQUITIES


    Global Alpha

    Long-term investments in well-managed growth businesses - sustainable, competitive advantages

    This long-term global equity growth strategy employs bottom-up stock selection, invests in around 100 stocks, and differs significantly from the stock market index. The portfolio is diversified across stocks, industries and regions, with broad holding sizes of 0.5%, 1% or 2%, depending on the team’s level of conviction in the company’s prospects.

    Typical Number of Holdings: 70-120
    Maximum Stock Position: 6%
    Benchmark: MSCI All Country World Index 
    Objective: +2-3% p.a. over benchmark over rolling five year periods

    HOW TO INVEST

    This strategy is currently closed to new investors. 

    More information on our funds can be found on our Funds and Prices page.

    If you'd like further information on how to invest in our range of investment strategies and services, please get in touch.

    Global Core

    A broader, diversified approach to global equity investing.

    As a combination of five autonomously-run portfolios seeking to benefit from the specialist knowledge of Baillie Gifford’s regional teams, Global Core takes an idiosyncratic approach to investing and reduces concentrations of risk in particular themes. It offers the flexibility for clients to exclude exposure to a particular region.

    Typical Number of Holdings: 100-150
    Maximum Stock Position: 4%
    Benchmark: MSCI World or FTSE equivalent
    Objective: +1-2% p.a. over benchmark over rolling three year periods

    FURTHER INFORMATION

    > Philosophy and Process


    HOW TO INVEST

    More information on our funds can be found on our Funds and Prices page.

    If you'd like further information on how to invest in our range of investment strategies and services, please get in touch.

    Global Income Growth

    The focus is on the long term, rather than short-term yield

    Generating a sustainable and potentially rising real income requires more than simply holding high-dividend paying stocks. We combine stocks with higher yield than the market with an element of growth that we believe will secure the income of tomorrow.

    Typical Number of Holdings: 60-80
    Maximum Stock Position: Capital 6%, Income 5%
    Benchmark: FTSE All World Index
    Objective: +1-2% p.a. over benchmark over rolling five year periods

    FURTHER INFORMATION

    > Philosophy and Process


    HOW TO INVEST

    More information on our funds can be found on our Funds and Prices page.

    If you'd like further information on how to invest in our range of investment strategies and services, please get in touch.

    Global Stewardship

    Investing in the best companies in the world - global champions and local heroes.

    The Global Stewardship team comprises an expert investor from each of our specialist regional teams, and their philosophy is based on exploiting three main behavioural inefficiencies: short-termism, herding and the mispricing of growth. Corporate governance analysis is fully integrated into the Global Stewardship investment process.

    Typical Number of Holdings: 70-100
    Maximum Stock Position: 6%
    Benchmark: MSCI AC World Index
    Objective: +2-3% p.a. over rolling five year periods vs benchmark

    HOW TO INVEST

    More information on our funds can be found on our Funds and Prices page.

    If you'd like further information on how to invest in our range of investment strategies and services, please get in touch.

    Long Term Global Growth

    Companies’ competitive advantage and managerial excellence can take at least 5 years to become apparent

    LTGG is an unconstrained global equity strategy focused on investing in exceptional long-term growth companies worldwide. The portfolio is typically towards the lower end of its 30-60 stocks range, and always invests in at least six sectors and six countries.

    Typical Number of Holdings: 30-60
    Maximum Stock Position: 10%
    Benchmark: MSCI ACWI/FTSE All World Indices
    Objective: Approach consistent with achieving +3% p.a. over index over rolling five year periods

    FURTHER INFORMATION

    > Philosophy and Process
    > Microsite


    HOW TO INVEST

    More information on our funds can be found on our Funds and Prices page.

    If you'd like further information on how to invest in our range of investment strategies and services, please get in touch.

    Positive Change

    Investing in companies that exert a positive influence on society and operate with integrity

    The portfolio is constructed to address four themes: Social Inclusion and Education; Environment and Resource Needs, Healthcare and Quality of Life; and Base of the Pyramid – where companies are addressing basic human needs. We stringently monitor the social impact and financial performance of companies in the portfolio. We believe not only that investment can be used as a powerful force for good, but that companies that exhibit positive social values are increasingly likely to also be the winning investments of the future.

    Typical Number of Holdings: 25-50
    Maximum Stock Position: 10%
    Benchmark: MSCI AC World Index
    Objective: +2% p.a. ahead of global stock markets over rolling five year periods

    FURTHER INFORMATION

    > Philosophy and Process

    If you'd like further information on how to invest in our range of investment strategies and services, please get in touch.

    Worldwide Discovery

    The best growth opportunities are often in early-stage businesses

    Worldwide Discovery aims to capture these opportunities to produce superior long-term returns from a small subset of the estimated 15,000 smaller companies with sufficient size and liquidity for us to invest. We focus on businesses likely to benefit from change in the company’s market backdrop and how the company responds through innovation, technology, or a new business model, to potentially return a multiple of our initial investment.

    Typical Number of Holdings: 50-70
    Benchmark: Unconstrained but MSCI All Country World/FTSE/S&P Global Small Cap indices used for long term comparison
    Objective: +3% p.a. over rolling five year periods vs benchmark

    HOW TO INVEST

    More information on our funds can be found on our Funds and Prices page.

    If you'd like further information on how to invest in our range of investment strategies and services, please get in touch.

  3. REGIONAL EQUITIES


    Asia ex Japan

    Investing in companies with the ability to capitalise on their competitive advantages

    This strategy invests primarily in stocks listed on the MSCI Asia ex Japan Index but may also hold those listed on other exchanges if they derive significant revenues from Asian markets.  We also consider the market valuation of the shares to determine the extent to which others already appreciate the strengths we have identified.

    Typical number of holdings: 50-100
    Maximum Stock Position: 8% 
    Benchmark: MSCI AC Asia ex Japan
    Objective: Outperform the index

    FURTHER INFORMATION

    > Philosophy and Process


    HOW TO INVEST

    More information on our funds can be found on our Funds and Prices page.

    If you'd like further information on how to invest in our range of investment strategies and services, please get in touch.

    China

    Deep research and strong ideas

    This strategy invests primarily in stocks listed on the stock exchanges of mainland China, Hong Kong and Taiwan. It may also hold securities listed on other exchanges if they derive most of their revenues or profits from China, Hong Kong or Taiwan. Ideas may be generated in various ways including field research, close contact with related companies, even apparent mispricing.

    Typical number of holdings: 40-100
    Maximum Stock Position: 10% relative to benchmark
    Benchmark: MSCI All China Index
    Objective: Long-term capital appreciation, outperform the index after fees over rolling five year periods

    FURTHER INFORMATION

    > Philosophy and Process


    If you'd like further information on how to invest in our range of investment strategies and services, please get in touch.

    Developed Asia Pacific

    Investing in a concentrated portfolio of stocks across the Developed Asia region

    The decision to buy a stock is reached after considering the opportunity available to the company, its ability to execute on that opportunity, and the valuation of the business. In addition to the team’s own efforts, they also have access to the research capabilities of our Japanese equities, Emerging Markets equities, and Global teams.

    Typical Number of Holdings: 30-50
    Maximum Stock Position: 5% relative to the index
    Benchmark: MSCI Pacific Index
    Objective: +2% p.a. over five years, gross of fees vs benchmark

    FURTHER INFORMATION

    > Philosophy and Process


    If you'd like further information on how to invest in our range of investment strategies and services, please get in touch.

    Emerging Markets

    Looking for sustainability and growth over the long term

    These strategies invest in global emerging markets, predominantly stocks listed on the MSCI Emerging Markets Index. However, they may hold securities listed on other exchanges provided the companies derive significant revenues from, or have substantial assets in, non-developed markets. We believe that businesses which can grow sustainably, significantly increasing their earnings and cash flow, over a long-term time frame, will be the best rewarded.

    Emerging Markets All Cap
    Typical number of holdings
    : 60-100
    Maximum Stock Position: 5% relative to benchmark
    Benchmark: MSCI Emerging Markets Index
    Objective: +3% p.a. over rolling five-year periods vs benchmark

    Emerging Markets Leading Companies
    Typical number of holdings
    : 35-60
    Maximum Stock Position: 5% relative to benchmark
    Benchmark: MSCI Emerging Markets Index
    Objective: +3% p.a. over rolling five-year periods vs benchmark

    FURTHER INFORMATION

    > Philosophy and Process


    HOW TO INVEST

    More information on our funds can be found on our Funds and Prices page.

    If you'd like further information on how to invest in our range of investment strategies and services, please get in touch.

    Japanese Equities

    Continuing a long and successful history of investing in Japan

    Our aim is to identify businesses with attractive industry backgrounds, strong competitive positions within those industries, high-quality earnings and favourable attitudes towards shareholders. Turnover in the portfolio tends to be around 25% per annum. We believe that our long-term investment approach differentiates us from the majority of managers investing in Japanese equities.  In particular, we find that growth opportunities are often undervalued in a country where headline economic growth is scarce and misunderstood.

    Japan All Cap
    Typical Number of Holdings: 45-65
    Maximum Stock Position: 10%
    Benchmark: TOPIX (but will measure against MSCI Japan, FTSE Japan)
    Objective: +2% p.a over five years vs benchmark

    Japan Growth
    Typical Number of Holdings
    : 35-55
    Maximum Stock Position: 10%
    Benchmark: TOPIX (but will measure against MSCI Japan, FTSE Japan)
    Objective: +2% p.a over five years vs benchmark

    FURTHER INFORMATION

    > Philosophy and Process


    HOW TO INVEST

    More information on our funds can be found on our Funds and Prices page.

    If you'd like further information on how to invest in our range of investment strategies and services, please get in touch.

    Pan European

    Searching for four things in each investment: Sustainability, Alignment, Growth and Edge, or S.A.G.E.

    The strategy invests in companies with a market value of at least €1 billion while aiming to be different and at times unconventional. We have a maximum holding size of 10% of the portfolio for any single stock, and invest in a minimum number of 20 stocks and five industries.  A particular focus is on management quality and alignment: many of our investments are founder-controlled.  We are not seeking to make quick gains - our investment horizon is at least five years.

    Typical Number of Holdings: 30-50
    Maximum Stock Position: 10% relative to the Index
    Representative Benchmark: MSCI Europe
    Objective: +2%-3% p.a gross of fees over rolling five-year periods

    HOW TO INVEST

    More information on our funds can be found on our Funds and Prices page.

    If you'd like further information on how to invest in our range of investment strategies and services, please get in touch.

    UK

    A great way to access global growth opportunities within a well-regulated and manageable opportunity set.

    We pay little attention to particular economies or sectors in these portfolios. There are more than 500 UK-listed companies of sufficient size to be potentially of interest but fewer than half make it to our priority list which is where we focus most of the research effort and many fewer make it to our portfolios.  We offer both diversified and concentrated versions of our strategy.

    Alpha
    Typical Number of Holdings: 30-40
    Maximum Stock Position: 8% relative to benchmark at time of purchase
    Benchmark: FTSE All-Share
    Objective: +2% p.a over rolling three-year periods

    Focus
    Typical Number of Holdings: 50-80
    Maximum Stock Position: 5% relative to benchmark at time of purchase
    Benchmark: FTSE All-Share
    Objective: +1.5-2% p.a over rolling three-year periods

    Core
    Typical Number of Holdings: 45-65 direct, plus UK Smaller Companies Fund
    Maximum Stock Position: 4% relative to benchmark at time of purchase
    Benchmark: FTSE All-Share
    Objective: +1-1.5% p.a over rolling three-year periods

    FURTHER INFORMATION

    > Philosophy and Process


    If you'd like further information on how to invest in our range of investment strategies and services, please get in touch.

    UK Smaller Companies

    Early stage businesses with drive, energy and entrepreneurial spirit

    We focus our new idea generation on long term investment opportunities in companies with a market capitalisation of £1 billion or below at time of purchase. New holdings tend to make up between 0.5% and 1.0% of the portfolio.

    Typical Number of Holdings: 50-80
    Benchmark: FTSE Small Cap ex Investment Trusts Index
    Objective: +2% p.a over rolling five-year periods vs benchmark

    If you'd like further information on how to invest in our range of investment strategies and services, please get in touch.

    USA

    Concentrated portfolios ensuring impact isn’t diluted in the name of diversification

    This strategy aims to deliver outstanding investment performance by identifying exceptional growth businesses which have a special culture, are addressing a large market opportunity and possess a competitive edge. We consider selling stocks only when the fundamental outlook has changed or our view no longer differs significantly from the market.

    Typical Number of Holdings: 30-50
    Maximum Stock Position: 8% at time of purchase, 15% absolute holding
    Benchmark: S&P 500 Index/Russell 1000 Growth
    Objective: +2% p.a above benchmark over five years

    FURTHER INFORMATION

    > Philosophy and Process


    HOW TO INVEST

    More information on our funds can be found on our Funds and Prices page.

    If you'd like further information on how to invest in our range of investment strategies and services, please get in touch.

ARCHIVED