Capital at risk

Investment strategy

Global Income Growth

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.

Three intrepid cyclists exploring scenic mountain trails on their high-performance bike.

For a lifetime of income, choose growth

Whether you require an income today and for years to come or are simply looking for attractive capital growth and total returns over the long term, dividend growth investing might be what you’re looking for. 

Global Income Growth Q1 update

The Global Income Growth Team reflects on recent performance, portfolio changes and market developments.

A truly long-term approach

We aim to deliver a dependable income and real growth in dividends and capital over the long term. 

We believe the best way to meet these objectives is to invest in companies that can pay dependable dividends across the cycle and have the prospect of real growth in profits, which will, in turn, lead to growth in dividends and capital.  

Such companies are rare and highly attractive to a client who needs income today and is also seeking capital appreciation well into the future. 

Resilient and dependable dividends

Our portfolio is a selection of carefully selected dividend-paying companies with attractive growth prospects and resilient businesses.

The strategy is managed with a growth mindset and a lengthy investment time horizon. We focus on dividend growth, not short-term yield.

The companies we hold support real growth in dividends, and they typically have resilient business models that provide stability at times of market volatility.

With many investors fixated on the short-term, our long-term focus gives us the opportunity to invest into mispriced dividend-growing companies.
Ross Mathison

Meet the managers

Documents

Philosophy and process

Explore our investment philosophy and the processes around how the team constructs the portfolio.

Quarterly update

Get the latest investment commentary, portfolio overview, transactions and performance information alongside governance engagement and voting. 

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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 May 2024

#Holding% of portfolio
1Watsco4.4%
2Microsoft4.3%
3Novo Nordisk4.3%
4TSMC3.8%
5Fastenal3.4%
6Procter & Gamble3.2%
7Atlas Copco3.2%
8Schneider Electric3.0%
9Partners3.0%
10Analog Devices2.8%

Strategy holdings by sector

All figures up to: 31 May 2024

1Industrials23.80%
2Information Technology19.80%
3Financials16.10%
4Consumer Staples15.30%
5Health Care10.50%
6Consumer Discretionary9.30%
7Communication Services3.50%
8Utilities1.20%
9Materials1.10%
10Cash-0.50%
Total 100%

Strategy holdings by sector

All figures up to: 31 May 2024

Total: 100%

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.

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:

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Insights

Viewing 13 of 13
  1. Global Income Growth Q1 update

    The Global Income Growth Team reflects on recent performance, portfolio changes and market developments.
    April 2024
    Video10 minutes
  2. Novo Nordisk: tipping the scales

    Charting how a century of innovation led to a game-changing weight-loss treatment.
    March 2024
    Article4 minutes
  3. How dividend growth signals compounding

    Investor James Dow explains why dividend growth indicates a company can compound its earnings.
    February 2024
    Article5 minutes
  4. A new recipe for weight loss

    The huge growth potential of Novo Nordisk’s anti-obesity medicines.
    February 2024
    Article27 minutes
  5. Albemarle: salt flats and social responsibility

    Why the lithium giant Albemarle engages in research and data monitoring.
    February 2024
    Article4 minutes
  6. Global Income Growth Q4 update

    The Global Income Growth Team reflects on recent performance, portfolio changes and market developments.
    January 2024
    Video14 minutes
  7. Why growth, why now?

    Tough times play to the partnership’s strengths: analysing what enables us to adapt and thrive amid rapid change.
    December 2023
    Article17 minutes
  8. Global Income Growth Q3 update

    The Global Income Growth Team reflects on recent performance, portfolio changes and market developments.
    October 2023
    Video11 minutes
  9. TSMC’s decarbonisation dilemmas

    TSMC’s progress in securing greener energy supplies in Taiwan.
    July 2023
    Article
  10. Global Income Growth Q2 update

    The Global Income Growth team reflects on recent performance, portfolio changes, and market developments.
    July 2023
    Video11 minutes
  11. Resilient growth for the long term

    Why long-term growth firms such as battery-maker Albemarle and data aggregator Experian are the ones to watch.
    January 2023
    Video4 minutes
  12. Impact, Ambition and Trust

    If ESG scores are not the answer, how does Global Income Growth Team’s ESG approach measure up?
    May 2022
    Article
  13. Global Income Growth

    Some people look at life as sustaining the now, while sowing the seeds for a better tomorrow. Global Income Growth think the same way. In this film we explore their philosophy and how when searching for a lifetime of income, they choose growth.
    January 2022
    Video2 minutes

Global Income Growth Q1 update

The Global Income Growth Team reflects on recent performance, portfolio changes and market developments.

  1. Global Income Growth Q1 update

    The Global Income Growth Team reflects on recent performance, portfolio changes and market developments.
    April 2024
    Video10 minutes
  2. Novo Nordisk: tipping the scales

    Charting how a century of innovation led to a game-changing weight-loss treatment.
    March 2024
    Article4 minutes
  3. How dividend growth signals compounding

    Investor James Dow explains why dividend growth indicates a company can compound its earnings.
    February 2024
    Article5 minutes
  4. A new recipe for weight loss

    The huge growth potential of Novo Nordisk’s anti-obesity medicines.
    February 2024
    Article27 minutes
  5. Albemarle: salt flats and social responsibility

    Why the lithium giant Albemarle engages in research and data monitoring.
    February 2024
    Article4 minutes
  6. Global Income Growth Q4 update

    The Global Income Growth Team reflects on recent performance, portfolio changes and market developments.
    January 2024
    Video14 minutes
  7. Why growth, why now?

    Tough times play to the partnership’s strengths: analysing what enables us to adapt and thrive amid rapid change.
    December 2023
    Article17 minutes
  8. Global Income Growth Q3 update

    The Global Income Growth Team reflects on recent performance, portfolio changes and market developments.
    October 2023
    Video11 minutes
  9. TSMC’s decarbonisation dilemmas

    TSMC’s progress in securing greener energy supplies in Taiwan.
    July 2023
    Article
  10. Global Income Growth Q2 update

    The Global Income Growth team reflects on recent performance, portfolio changes, and market developments.
    July 2023
    Video11 minutes
  11. Resilient growth for the long term

    Why long-term growth firms such as battery-maker Albemarle and data aggregator Experian are the ones to watch.
    January 2023
    Video4 minutes
  12. Impact, Ambition and Trust

    If ESG scores are not the answer, how does Global Income Growth Team’s ESG approach measure up?
    May 2022
    Article
  13. Global Income Growth

    Some people look at life as sustaining the now, while sowing the seeds for a better tomorrow. Global Income Growth think the same way. In this film we explore their philosophy and how when searching for a lifetime of income, they choose growth.
    January 2022
    Video2 minutes

Explore further

Curious to learn more about our products and what we can offer you? Please get in touch.

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.