ObjectiveThe value of investments and any income from them may go down as well as up and you or your client may not get back the amount originally invested.
The Worldwide Positive Change Fund aims to produce capital growth over the long term by investing primarily in the equities of companies whose products, behaviour or services make a positive social impact. The Fund may also invest in other transferable securities, money market instruments, cash and cash equivalents.
Meet the ManagersJulia Angeles
Julia has a particular interest in healthcare. Julia’s core contention is that over the next 10 years healthcare systems around the world will experience a monumental change. She believes that we will witness a move away from traditional to a world where prevention and cure will become an integral part of healthcare.
Julia holds a PhD in Economics from the University of Aarhus, Denmark and speaks fluent Russian and Danish. Before joining Baillie Gifford in April 2008, Julia worked as a Management Consultant at McKinsey & Company advising firms in Denmark, Russia and Hungary. Julia has been part of different global and regional teams within Baillie Gifford and is currently an Investment Manager in the EAFE Alpha Team and a member of the Positive Change Portfolio Construction Group.Kate Fox
Kate believes the financial community plays a crucial role in creating a more sustainable world for future generations. Kate’s experience analysing smaller companies has left her with a natural enthusiasm for businesses that address unmet needs or challenge the status quo, as well as an appreciation of their long-term potential.
Kate graduated MA in Economics and Maths from the University of Edinburgh in July 2001. Kate is an Investment Manager for the Positive Change strategy and a member of the Positive Change Fund Portfolio Construction Group.Kirsty Gibson
Kirsty’s Masters degree in Carbon Management brings a deep knowledge of climate change and sustainability issues. She is excited about the opportunity to further explore two areas she finds fascinating and believes are of increasing importance for investments: sustainability and the issue of sustainability when considering long-term global investments.
Kirsty graduated MA (Hons) in Economics in 2011 and MSc in Carbon Management in 2012, both from the University of Edinburgh. She joined Baillie Gifford in 2012 and is an Investment Manager in the US Equities Team. She is a member of the Positive Change Portfolio Construction Group.Lee Qian
Lee grew up in China during a period of incredible economic and social progress, when hundreds of millions of people were lifted out of poverty and the standard of living improved for the majority of the population. Witnessing that has influenced Lee deeply about the role of businesses in society.
Lee graduated BA (Hons) in Economics and Management from Oxford University in 2012. Lee joined Baillie Gifford in 2012 and is an Investment Manager for the Positive Change strategy and a member of the Positive Change Fund Portfolio Construction Group.Will Sutcliffe
Having spent nearly his entire investment career as an Emerging Markets investor, Will has a profound interest in why some societies have been able to make the transition from relatively poor to relatively rich while others have not, and the role that companies and institutions can play in facilitating this transition.
Will graduated MA in History from the University of Glasgow in 1996. Will is a Partner and an Investment Manager in the Emerging Markets Equity Team. He is a member of the Emerging Markets Product Group as well as the Positive Change Portfolio Construction Group.
Fund FactsAll figures to 30/06/2019
Launch Date 08 May 2018 Size A$34.2m Current Number of Stocks 29 Annual Turnover 9% European Funds Trophy 2019 - Best European Asset Management Company (26 to 40 rated funds category)
Actual investors imagine 'what if?'
Not 'what is'.
Investment Choice and Charges
Share Class ISIN SEDOL Ongoing Charges* Initial Charge Currency NAV Per Share % Change B-Acc EUR IE00BDCY2C68 BDCY2C6 0.65% 0% EUR 10.51 -0.04% B-Acc USD IE00BDCY2N73 BDCY2N7 0.65% 0% USD 9.78 -0.31% C-Acc AUD IE00BG47J676 BG47J67 0.15% 0% AUD 11.13 -0.20% C-Acc JPY IE00BJK3VZ31 BJK3VZ3 0.15% 0% JPY 951.37 -0.11% F-Acc USD IE00BG12R723 BG12R72 0.40% 0% USD 9.67 -0.31% F-Acc EUR IE00BZ180B88 BZ180B8 0.40% 0% EUR 10.01 -0.04% F-Acc AUD IE00BD3TXF01 BD3TXF0 0.40% 0% AUD 11.10 -0.20%
Class B shares are for standard direct investment. Multiple currency and currency hedged share classes may also be available.
A share class (Retrocession share class at 1.5% management fee) and C share class (management fee agreed directly with the investment manager) are also available on most funds.
Class F shares are only available under the terms set out in the relevant section of the Prospectus. Please speak to your sales contact for further details.
* Annual figures as at 30/09/18
A further explanation of all the charges and costs relating to this Fund can be found in the Disclosure of Fund Charges and Costs document.