Capital at risk
Responsible Global Alpha Paris Aligned
We identify companies with the potential to deliver superior earnings growth while keeping emissions consistent with the Paris Agreement on climate change.
Recognising diversity
An ambitious approach to investing in responsible growth companies from across the spectrum of opportunity, consistent with addressing the climate crisis. We are flexible and open-minded, recognising the diverse ways in which growth can be achieved.
Global Alpha: our philosophy
Investment manager Helen Xiong introduces Global Alpha, reflecting on the exciting opportunities ahead.
Patient, engaged ownership
We aim to identify companies which can grow their earnings at a superior rate to the market over sustained periods, where this potential is not reflected in the price. As share prices are ultimately driven by earnings growth, this approach underpins our objective to deliver returns 2 to 3 per cent per annum ahead of the benchmark over rolling five-year periods before the deduction of fees.
The strategy also commits to maintaining a Weighted Average Greenhouse Gas Intensity lower than the MSCI ACWI EU Paris Aligned Requirements Index and excludes companies which fail to meet our responsible behaviour criteria.
A truly global portfolio
Our philosophy is to invest long-term in well-managed businesses with sustainable competitive advantages. We embrace diversity, splitting the portfolio across three growth profiles – compounders, disruptors and capital allocators – which exploit different inefficiencies.
Each holding is analysed to ensure consistency with the low-carbon transition. The resulting portfolio of about 90 holdings represents the most attractive opportunities from across the growth spectrum.
The 2020s must be the decisive decade of action on the climate crisis, and there will unquestionably be greater discussion on the need to align funds with a 1.5C warming scenario.
Meet the managers
Documents
Invest in this strategy
You can invest in this strategy through the following fund(s).
Explore further
Curious to learn more about our products and what we can offer you? Please get in touch.
Strategy portfolio holdings
A list of the top 10 holdings that the representative portfolio invests in.
All figures up to: 30 April 2026
| # | Holding | % of total assets |
|---|---|---|
| 1 | NVIDIA | 5.8% |
| 2 | TSMC | 5.8% |
| 3 | Alphabet | 4.3% |
| 4 | Amazon.com | 3.9% |
| 5 | Microsoft | 3.5% |
| 6 | Meta Platforms | 2.8% |
| 7 | Samsung Electronics | 2.5% |
| 8 | Royalty Pharma | 2.4% |
| 9 | Tencent | 2.3% |
| 10 | CATL | 2.3% |
Sector
As at: 30 April 2026
# | Sector | Fund % | Index % * | Difference % |
|---|---|---|---|---|
| 1 | Information Technology | 28.6 | 28.7 | 0.0 |
| 2 | Financials | 15.0 | 16.4 | -1.4 |
| 3 | Consumer Discretionary | 14.8 | 9.3 | 5.5 |
| 4 | Communication Services | 12.1 | 8.8 | 3.3 |
| 5 | Industrials | 10.4 | 11.3 | -0.8 |
| 6 | Health Care | 10.0 | 8.1 | 2.0 |
| 7 | Materials | 4.2 | 3.8 | 0.4 |
| 8 | Consumer Staples | 2.4 | 5.1 | -2.7 |
| 9 | Real Estate | 1.6 | 1.7 | -0.2 |
| 10 | Cash | 0.9 | 0.0 | 0.9 |
Total | 100.0 | 93.1 |
Top 10 geographical locations
As at: 30 April 2026
# | Top 10 locations | Fund % | Index % * | Difference % |
|---|---|---|---|---|
| 1 | United States | 58.9 | 63.4 | -4.5 |
| 2 | Taiwan | 6.3 | 2.9 | 3.4 |
| 3 | China | 5.6 | 2.7 | 2.9 |
| 4 | Japan | 5.2 | 5.0 | 0.2 |
| 5 | Brazil | 3.6 | 0.6 | 3.1 |
| 6 | South Korea | 2.5 | 2.2 | 0.3 |
| 7 | Canada | 2.4 | 3.1 | -0.6 |
| 8 | Sweden | 2.1 | 0.8 | 1.3 |
| 9 | Ireland | 2.1 | 0.1 | 2.0 |
| 10 | UK | 1.7 | 3.2 | -1.5 |
Total | 90.4 | 84.0 |
Sector
As at: 30 April 2026
# | Sector | Fund % | Index % * | Difference % |
|---|---|---|---|---|
| 1 | Information Technology | 28.6 | 28.7 | 0.0 |
| 2 | Financials | 15.0 | 16.4 | -1.4 |
| 3 | Consumer Discretionary | 14.8 | 9.3 | 5.5 |
| 4 | Communication Services | 12.1 | 8.8 | 3.3 |
| 5 | Industrials | 10.4 | 11.3 | -0.8 |
| 6 | Health Care | 10.0 | 8.1 | 2.0 |
| 7 | Materials | 4.2 | 3.8 | 0.4 |
| 8 | Consumer Staples | 2.4 | 5.1 | -2.7 |
| 9 | Real Estate | 1.6 | 1.7 | -0.2 |
| 10 | Cash | 0.9 | 0.0 | 0.9 |
Total | 100.0 | 93.1 |
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.
Invest in this strategy
You can invest in this strategy through the following fund(s).
Explore further
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
Global Alpha: our philosophy
Investment manager Helen Xiong introduces Global Alpha, reflecting on the exciting opportunities ahead.
The big squeeze: bottlenecks as advantage
When demand outstrips supply, companies that sit astride the pinch point can gain an enduring edge.
Uber’s age of autonomy
Why the taxi-tech giant is set to benefit from the shift to driverless cabs.
AI: valuing scarcity
AI is creating new abundance and shifting bottlenecks. We explore which businesses can win in the long term.
Global Alpha Q1 investor letter
The Global Alpha Team reflects on recent performance, portfolio changes and market developments.Global Alpha Q1 update
Investment manager Malcolm MacColl reflects on recent performance, portfolio changes and market developments.
Global Alpha insights: agentic commerce
As AI simplifies shopping, where does durable ecommerce advantage remain?
Global Alpha insights: QXO's recipe for steady compounding
An $800bn analogue industry meets operational discipline.
What's your growth flavour?
Three investment managers. Three different approaches to growth investing. But can all of them be right?
Don’t burn your boats: investing in AI
Why we’re ruthlessly selective about AI-related stocks.
Global Alpha Q4 investor letter
The Global Alpha Team reflects on recent performance, portfolio changes and market developments.
Global Alpha Q4 update
Investment specialist Ben Drury reflects on recent performance, portfolio changes and market developments.
What’s your flavour of choice?
Three investment managers debate growth strategies from tech disruption to steady compounders
Global Alpha Research Agenda 2025
From AI to emerging consumers, we focus on the growth areas and companies capitalising on opportunities.
Global Alpha insights: our reliable growth engine
Not flashy, just dependable. Why compounders remain the engine of durable long-term returns.
Amazon: Stock Story
Jon Henry gives three key reasons why tech giant Amazon remains a special investment.
Invest in this strategy
You can invest in this strategy through the following fund(s).
Explore further
Curious to learn more about our products and what we can offer you? Please get in touch.
How to invest in this strategy
You can invest in this strategy through the following fund(s).
Explore further
Curious to learn more about our products and what we can offer you? Please get in touch.
Important information
Please remember that all investment strategies have the potential for profit and loss and your or your clients’ capital may be at risk.
The information on this Website is issued by Baillie Gifford Asia (Hong Kong) Limited 柏基亞洲(香港)有限公司 (the “Company”) which is licensed by the Securities and Futures Commission of Hong Kong (the “SFC”) under the Securities and Futures Ordinance (“SFO”) for Type 1 (Dealing in Securities) regulated activity with CE Number BGB803. It allows the Company to market and distribute the Baillie Gifford’s range of collective investment schemes and closed-ended funds such as investment trusts to Professional Investors (as defined by the SFO) in Hong Kong.
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 SFO or any conduct of business rules which we are bound to comply with. The information on this website has not been reviewed by the SFC. These Terms and any non-contractual obligations arising from or connected with them shall be governed by, and these Terms shall be construed in accordance with, the laws of Hong Kong.
This website is informative only and the information provided should not be considered as investment or other advice or a recommendation or offer to buy, sell or hold a particular investment. You can read details of our Legal and Important Information here. Please remember that all investment strategies have the potential for profit and loss and your or your clients’ capital may be at risk.
This website does not collect personal information. "Cookies" may be stored on your computer for easy navigation. A "cookie" does not allow us to identify you, but stores information about navigation through our website (such as pages already visited, time and date of visit) which we can remember during the user's next visit to our website in order to improve your browsing experience. If you have any enquiries in relation to our data protection policies and procedures, this Website or the information on it, please click here to contact Baillie Gifford.
Baillie Gifford Asia (Hong Kong) Limited 柏基亞洲(香港)有限公司 is incorporated in Hong Kong. The Company’s principal place of business is Suites 2713-2715 Two International Finance Centre, 8 Finance Street, Central, Hong Kong . Baillie Gifford Asia (Hong Kong) Limited 柏基亞洲(香港)有限公司 is a wholly owned subsidiary of Baillie Gifford Overseas Limited, which is wholly owned by Baillie Gifford & Co. Baillie Gifford Overseas Limited and Baillie Gifford & Co are authorised and regulated in the UK by the Financial Conduct Authority.