Capital at risk
Asia ex Japan
Around half of the world's population resides in Asia. Asian companies often have substantial addressable opportunities and decades of growth ahead of them.
We’ve been managing Asia ex Japan portfolios for over three decades and are grateful to be entrusted by a range of clients across the world.
A patient approach to investing
A patient approach in the least patient markets, helping clients benefit from powerful growth tailwinds in Asia. Investors should be open-minded about where growth can come from and know the market inefficiencies they are trying to exploit.
Asia ex Japan: our philosophy
Investment manager Roderick Snell introduces Asia ex Japan, reflecting on the exciting opportunities ahead.
Turning time to your advantage
Our key goal is to build strong relationships with like-minded clients. We know we can only do this if we deliver strong investment performance, net of costs, over the long term.
The number of genuinely world-class companies in Asian countries is growing, and we feel very fortunate to be tasked with seeking these out. We must invest with patience and give good decisions time to prove themselves.
We believe that being selective is imperative to those seeking the best results.
Appreciating the under-appreciated
We believe there are three persistent inefficiencies that we are well-placed to exploit for our clients:
- Growth duration: many companies grow for much longer than expected
- Growth pace: many companies grow much faster than expected
- Growth surprise: many companies grow when it’s least expected
Much of our process relies on the interplay of data, experience, educated creativity and probability. This does not necessarily lend itself to a matrix or flowchart.
Our portfolio consists of businesses that are leaders in what they do. We take confidence in the fact that these companies can invest capital productively and profitably.
Meet the managers
Documents
Quarterly update
Get the latest investment commentary, portfolio overview, transactions and performance information alongside governance engagement and voting.
Philosophy and process
Explore our investment philosophy and the processes around how the Asia Ex-Japan team construct the portfolio.
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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 August 2024
# | Holding | % of portfolio |
---|---|---|
1 | TSMC | 9.5% |
2 | Samsung Electronics | 8.0% |
3 | Tencent | 5.6% |
4 | CNOOC | 5.4% |
5 | Reliance Industries | 4.0% |
6 | Kaspi.kz | 2.7% |
7 | SK Hynix | 2.5% |
8 | Phoenix Mills | 2.5% |
9 | Zijin Mining | 2.3% |
10 | MediaTek | 2.2% |
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
Future Stocks: Our best ideas in Asia
Qian Zhang highlights three Asian companies at the forefront of global structural trends.Asia ex Japan: portfolio manager update
Asia ex Japan Strategy’s performance, portfolio positioning and the region’s attractions for growth investors.Stock story: Pinduoduo
The innovative ecommerce company poised to take advantage of China’s large consumer base.A long view of the east
With 35 years of investing behind us, we look to the future with our Asia-ex-Japan Strategy.Asia ex Japan: portfolio manager update
The strategy’s performance, portfolio positioning and the region’s attractions for growth investors.China: fear or FOMO?
Ben Buckler on how investors should steer between the twin poles of risk in China.Why growth, why now?
Tough times play to the partnership’s strengths: analysing what enables us to adapt and thrive amid rapid change.South-east Asia’s new export stars
Unearthing growth companies in Vietnam, Indonesia and Thailand.Emerging markets – why bother?
Emerging markets have underperformed developed ones recently. So, why should we invest in them?Finding China’s A-share jewels
The country’s domestic markets are rich in companies with the know-how to become global leaders.Asia ex Japan Strategy
Investment manager, Roderick Snell, discusses the Baillie Gifford Asia ex Japan Strategy.Asia ex Japan manager update
Roderick Snell and Qian Zhang discuss current views and portfolio positioning for the Asia ex Japan Strategy.Asia ex Japan: Portfolio manager update
Client director Andrew Keiller and investment manager Roderick Snell discuss the firm’s latest views on investing in the Asia ex Japan region.Asia ex Japan: Portfolio Manager Update
Join Roddy Snell and Ben Durrant to discuss current views and portfolio positioning for the Asia ex Japan strategy and learn why we continue to believe this is the most attractive region globally for growth investors.
Asia ex Japan: our philosophy
Investment manager Roderick Snell introduces Asia ex Japan, reflecting on the exciting opportunities ahead.
Related insights
Future Stocks: Our best ideas in Asia
Qian Zhang highlights three Asian companies at the forefront of global structural trends.Asia ex Japan: portfolio manager update
Asia ex Japan Strategy’s performance, portfolio positioning and the region’s attractions for growth investors.Stock story: Pinduoduo
The innovative ecommerce company poised to take advantage of China’s large consumer base.A long view of the east
With 35 years of investing behind us, we look to the future with our Asia-ex-Japan Strategy.Asia ex Japan: portfolio manager update
The strategy’s performance, portfolio positioning and the region’s attractions for growth investors.China: fear or FOMO?
Ben Buckler on how investors should steer between the twin poles of risk in China.Why growth, why now?
Tough times play to the partnership’s strengths: analysing what enables us to adapt and thrive amid rapid change.South-east Asia’s new export stars
Unearthing growth companies in Vietnam, Indonesia and Thailand.Emerging markets – why bother?
Emerging markets have underperformed developed ones recently. So, why should we invest in them?Finding China’s A-share jewels
The country’s domestic markets are rich in companies with the know-how to become global leaders.Asia ex Japan Strategy
Investment manager, Roderick Snell, discusses the Baillie Gifford Asia ex Japan Strategy.Asia ex Japan manager update
Roderick Snell and Qian Zhang discuss current views and portfolio positioning for the Asia ex Japan Strategy.Asia ex Japan: Portfolio manager update
Client director Andrew Keiller and investment manager Roderick Snell discuss the firm’s latest views on investing in the Asia ex Japan region.Asia ex Japan: Portfolio Manager Update
Join Roddy Snell and Ben Durrant to discuss current views and portfolio positioning for the Asia ex Japan strategy and learn why we continue to believe this is the most attractive region globally for growth investors.
Explore further
Curious to learn more about our products and what we can offer you? Please get in touch.