1. Worldwide Islamic Global Equities Fund

    Worldwide Islamic Global Equities Fund

  2. Overview

    The Worldwide Islamic Global Equities Fund aims to provide capital growth over the long term through investing primarily in shares of companies which meet Sharia principles as interpreted and laid down by the Sharia Supervisory Board and the relevant environmental, social and governance criteria.

    Top Ten Holdings; 31/08/2023

    Fund %
    1 Shopify 7.0%
    2 Microsoft 6.0%
    3 Alphabet 5.5%
    4 Amazon.com 5.1%
    5 Novo Nordisk 4.2%
    6 NVIDIA 4.1%
    7 Reliance Industries 3.2%
    8 Matsushita Electric Industrial 3.0%
    9 Nexans 3.0%
    10 Epiroc 2.9%
    Total 44.1%
    Sector Exposure 31/08/2023

    Fund %

    • 1 Information Technology 33.96
    • 2 Health Care 21.33
    • 3 Industrials 12.78
    • 4 Consumer Discretionary 12.33
    • 5 Communication Services 7.62
    • 6 Energy 3.18
    • 7 Materials 2.55
    • 8 Financials 1.09
    • 9 Real Estate 0.84
    • 10 Cash 4.32
    • Total 100.00

    As the Fund invests in overseas securities, changes in the rates of exchange may cause the value of your investment (and any income it may pay) to go down or up. 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.

    Insights

    No insights available.

    Managers

    Kavé Sigaroudinia

    Kavé is Head of Research in our UK equities department. He joined Baillie Gifford in 1999 and is a partner in the firm. He was previously Head of Research and a portfolio manager in the International Growth team. He is also a member of the firm’s Investment Risk Committee.

    Tolibjon Tursunov

    Tolibjon is an Investment Manager in the Japanese Equities Team. He is co-Manager of the Japan Growth strategy (and related Growth strategy segregated accounts). He joined Baillie Gifford in 2011 and spent time working on our regional as well as large and small cap global equities teams. Prior to joining Baillie Gifford, he worked in the corporate finance department of an FMCG company, before founding a price comparison website in Central Asia covering insurance, banking, and telecom sectors. Tolibjon graduated LLB in Law from Queen Mary University of London in 2008 and is a CFA Charterholder.

    How to Invest

    You can invest in a range of our funds via a number of fund platforms and supermarkets. Certain share classes are available for investment via a number of platforms. Please see the links opposite.

    Baillie Gifford does not sponsor, maintain or have any control over the content of any other websites.

    Therefore, we are not responsible for the adequacy or accuracy of any of the information you may view, nor do we undertake to ensure successful transmission to any linked website.

    How to Invest

    Documents

    You can access any literature about the Fund here, either by downloading or requesting a copy by post (where available).

    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.

    Philosophy and Process Documents

    Further Information

    BAILLIE GIFFORD INVESTMENT MANAGEMENT (EUROPE) LIMITED: REGISTERED OFFICE
    Baillie Gifford Investment Management (Europe) Limited is authorised and regulated by the Central Bank of Ireland (No. C182354). Registered office: 4/5 School House Lane East, Dublin 2, D02 N279. Registered in Ireland (No. 625892).

    COMPLAINTS CONTACT DETAILS
    In the first instance, clients should contact their normal Client Contact with any concerns. Alternatively, or for those clients who do not have a direct client contact assigned, complaints can be emailed to Baillie Gifford’s Compliance Department at: InstitutionalComplaints@bailliegifford.com. A summary document which contains details on Baillie Gifford’s complaints management policy is available upon request. All material complaints are recorded in an in-house incident management system and are escalated to, and dealt with by, members of staff of suitable seniority, independent of the area from which the matter arose.

    Risks

    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 where difficulties in dealing, settlement and custody 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.

    Environmental, Social & Governance (ESG)

    The Fund invests in companies whose business complies with Sharia principles, with specific focus on companies that have a purpose to deliver positive societal impact. The universe of available investments will be more limited than other funds that do not apply such criteria/exclusions, therefore the Fund may have different returns than a fund which has no such restriction. Data used to apply the criteria may be provided by third party sources and is based on backward-looking analysis and the subjective nature of non-financial criteria means a wide variety of outcomes are possible. There is a risk that data provided may not adequately address the underlying detail around material non-financial considerations.

    Please consider all of the characteristics and objectives of the fund as described in the Key Information Document (KID) and prospectus before making a decision to invest in the Fund. For more information on how sustainability issues, such as climate change are considered, see bailliegifford.com.

    The Fund intends to observe Sharia at all times but cannot guarantee this will be the case. An investment made in the Fund may subsequently be determined to no longer be Sharia compliant. In this instance, the Investment Manager and Sharia Supervisory Board will determine how to dispose of the investment and purify the Fund. These disposals may be made in disadvantageous circumstances and may result in losses to the Fund.

    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 Details

    Further details of the risks associated with investing in the Fund can be found in the Key Investor Document (EU), Key Investor Information Document (UK), or the Prospectus. Copies of these documents are available at bailliegifford.com.

    Definitions

    Active Share – A measure of the Fund's overlap with the benchmark. An active share of 100 indicates no overlap with the benchmark and an active share of zero indicates a portfolio that tracks the benchmark.

    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. You can read details of our Legal and Important Information here.