Capital at risk
Responsible Global Equity Income
Long-term dividend compounding is the eighth wonder of the world.
We focus on companies that can compound earnings and dividends effectively over long periods. These are rare but can deliver attractive returns.
Investing for a lifetime of income
Whether you require an income for years to come or are simply looking for attractive long-term capital appreciation, dividend growth investing could be what you’re looking for.
Responsible Global Equity Income Stewardship Report
Find out about our conversations with portfolio companies, shareholder vote activity and consideration of environmental, social and governance matters.
Responsible and dependable growth
We aim to deliver a dependable income and real growth in capital over the longterm by investing in responsible companies.
We believe the best way to do this is to invest in firms which can pay dependable dividends across the cycle, with the prospect of real profit growth, which will in turn lead to growth in dividends and capital.
These are rare and highly attractive to clients seeking income today and well into the future.
What do we mean by responsible? Beyond the exclusion of sin sectors, we mean investing in companies that are trying to address environmental, social and governance (ESG) issues and future-proofing their business.
A carefully selected portfolio
Our portfolio is a collection of carefully selected dividend-paying companies with attractive growth prospects.
Their sustainable earnings growth have the potential to support real growth in dividends, and they typically have resilient business models
Our strategy is managed with a growth mindset and a lengthy time horizon, focusing on dividend growth, not short-term yield.
Long-term dividend compounders are the unsung heroes of the market
Meet the managers
Documents
Philosophy and process
Explore our investment philosophy and the processes around how the team constructs the portfolio.
Stewardship report
Find out about our conversations with portfolio companies, shareholder vote activity and consideration of environmental, social and governance matters.
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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: 31 October 2025
| # | Holding | % of total assets |
|---|---|---|
| 1 | TSMC | 5.7% |
| 2 | Microsoft | 4.8% |
| 3 | Apple | 4.7% |
| 4 | Procter & Gamble | 3.5% |
| 5 | Analog Devices | 3.1% |
| 6 | CME Group | 3.0% |
| 7 | Schneider Electric | 2.9% |
| 8 | Deutsche Börse | 2.9% |
| 9 | Atlas Copco | 2.7% |
| 10 | Watsco | 2.7% |
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.
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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:
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Insights
The science behind investing
From nanotechnology to investing, Olivia Knapp explores the chemistry of good research.
Profile of a returning industry veteran
After nearly 20 years leading global equity teams, explore why Alistair Way returns to Baillie Gifford.
Global Income Growth Q3 update
Investment manager Alistair Way reflects on recent performance, portfolio changes and market developments.
Responsible Global Equity Income Q2 investor letter
The Responsible Global Equity Income Team reflects on recent performance, portfolio changes and market developments.
Global Income Growth Q2 update
Investment manager Ross Mathison reflects on recent performance, portfolio changes and market developments.
Actual investing revisited
In this keynote paper Partner Stuart Dunbar reaffirms the importance of active management to healthy capitalism.
Profile of a sustainability researcher
Explore how Ben Hart's sustainability research at Baillie Gifford integrates ESG into investment strategies.
Global Income Growth Q1 update
The Global Income Growth Team reflects on recent performance, portfolio changes and market developments.Responsible Global Equity Income Q1 investor letter
The Responsible Global Equity Income Team reflects on recent performance, portfolio changes and market developments.
Atlas Copco: Stock Story
Ben Drury explores how a culture of innovation and decentralisation drives success in industrial technology.
L'Oréal: Stock Story
Katie Muir discusses how innovation and a positive culture have fuelled the success of the world’s leading beauty enterprise.
Profile of an investigative researcher
Explore how Hatty Oliver's unique research at Baillie Gifford shapes investor thinking and informs income growth strategies.
Global Income Growth Q4 update
The Global Income Growth Team reflects on recent performance, portfolio changes and market developments.
Responsible Global Equity Income Q4 investor letter
The Responsible Global Equity Income Team reflects on recent performance, portfolio changes and market developments.
Eric Beinhocker: evolutionary economist
How successful companies harness the power of adaptation.
Novo Nordisk: tipping the scales
Charting how a century of innovation led to a game-changing weight-loss treatment.
Five years of Responsible Global Equity Income
Investment specialists reflect on the first five years of the Responsible Global Equity Income Strategy.
How dividend growth signals compounding
Investor James Dow explains why dividend growth indicates a company can compound its earnings.
A new recipe for weight loss
The huge growth potential of Novo Nordisk’s anti-obesity medicines.
Albemarle: salt flats and social responsibility
Why the lithium giant Albemarle engages in research and data monitoring.
Why growth, why now?
Tough times play to the partnership’s strengths: analysing what enables us to adapt and thrive amid rapid change.
TSMC’s decarbonisation dilemmas
TSMC’s progress in securing greener energy supplies in Taiwan.
Responsible Global Equity Income strategy update
Portfolio managers James Dow and Ross Mathison discuss current views and portfolio positioning against the backdrop of rising interest rates and market volatility.
Global Income Growth Q3 update
Investment manager Alistair Way reflects on recent performance, portfolio changes and market developments.
The science behind investing
From nanotechnology to investing, Olivia Knapp explores the chemistry of good research.Profile of a returning industry veteran
After nearly 20 years leading global equity teams, explore why Alistair Way returns to Baillie Gifford.Global Income Growth Q3 update
Investment manager Alistair Way reflects on recent performance, portfolio changes and market developments.Responsible Global Equity Income Q2 investor letter
The Responsible Global Equity Income Team reflects on recent performance, portfolio changes and market developments.Global Income Growth Q2 update
Investment manager Ross Mathison reflects on recent performance, portfolio changes and market developments.Actual investing revisited
In this keynote paper Partner Stuart Dunbar reaffirms the importance of active management to healthy capitalism.Profile of a sustainability researcher
Explore how Ben Hart's sustainability research at Baillie Gifford integrates ESG into investment strategies.Global Income Growth Q1 update
The Global Income Growth Team reflects on recent performance, portfolio changes and market developments.Responsible Global Equity Income Q1 investor letter
The Responsible Global Equity Income Team reflects on recent performance, portfolio changes and market developments.Atlas Copco: Stock Story
Ben Drury explores how a culture of innovation and decentralisation drives success in industrial technology.L'Oréal: Stock Story
Katie Muir discusses how innovation and a positive culture have fuelled the success of the world’s leading beauty enterprise.Profile of an investigative researcher
Explore how Hatty Oliver's unique research at Baillie Gifford shapes investor thinking and informs income growth strategies.Global Income Growth Q4 update
The Global Income Growth Team reflects on recent performance, portfolio changes and market developments.Responsible Global Equity Income Q4 investor letter
The Responsible Global Equity Income Team reflects on recent performance, portfolio changes and market developments.Eric Beinhocker: evolutionary economist
How successful companies harness the power of adaptation.Novo Nordisk: tipping the scales
Charting how a century of innovation led to a game-changing weight-loss treatment.Five years of Responsible Global Equity Income
Investment specialists reflect on the first five years of the Responsible Global Equity Income Strategy.How dividend growth signals compounding
Investor James Dow explains why dividend growth indicates a company can compound its earnings.A new recipe for weight loss
The huge growth potential of Novo Nordisk’s anti-obesity medicines.Albemarle: salt flats and social responsibility
Why the lithium giant Albemarle engages in research and data monitoring.Why growth, why now?
Tough times play to the partnership’s strengths: analysing what enables us to adapt and thrive amid rapid change.TSMC’s decarbonisation dilemmas
TSMC’s progress in securing greener energy supplies in Taiwan.Responsible Global Equity Income strategy update
Portfolio managers James Dow and Ross Mathison discuss current views and portfolio positioning against the backdrop of rising interest rates and market volatility.
Explore further
Curious to learn more about our products and what we can offer you? Please get in touch.
Explore further
Curious to learn more about our products and what we can offer you? Please get in touch.
Important information
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