Capital at risk
Developed EAFE All Cap
We have three core beliefs: superior profit growth leads to outperformance, fundamental analysis enables exploitation of market inefficiencies and share prices reflect fundamentals over the long term.
Consistent investment in growing companies
An international growth portfolio, bringing together the best ideas from firmwide research. To perform better than the market, you need to be different from it. We search across the market cap spectrum for a balance of growth, quality and resilience.
International All Cap Q2 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.
Taking a long-term advantage
We look to invest in businesses that exhibit some combination of sustained, above-average growth and strong competitive advantage, such as superior profit margins or returns on invested capital.
We believe that stock markets have a recurring tendency to underappreciate the value of long-term compound growth. We aim to take advantage of this by investing with a minimum time horizon of five years in mind.
Embracing different types of growth
The strategy has a proud 30-year track record, following a consistent investment process.
We invest in an eclectic mix of individual businesses and take great pride in drawing from firmwide research to bring the best ideas to the portfolio.
The portfolio is tilted towards the lower end of the benchmark’s market cap range. We think this is a fertile hunting ground for focused, well-run growth companies.
We are long-term in our approach and focused on identifying the structural growth drivers that could deliver strong returns for our clients over the coming decades.
Meet the managers
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Strategy portfolio holdings
A list of the top 10 holdings that the representative portfolio invests in.
All figures up to: 30 June 2024
# | Company | Fund % |
---|---|---|
1 | ASML | 5.1% |
2 | USD Uncommitted Cash | 4.0% |
3 | United Overseas Bank | 3.6% |
4 | Auto Trader | 3.2% |
5 | Experian | 3.0% |
6 | Atlas Copco A | 2.8% |
7 | LVMH | 2.5% |
8 | Investor | 2.4% |
9 | Olympus | 2.3% |
10 | Richemont | 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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Insights
Key articles, videos and podcasts relating to the strategy:
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Insights
Wise: Growing global money transfers
Charting rising cross-border money payments and the opportunity for remittance service Wise.International All Cap Q2 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.Tilting the odds in your favour
The Magnificent Seven’s reputation goes before them but that’s not enough to save them.International All Cap Q1 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.International All Cap Q4 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.Ashtead: hiding in plain sight
This little-known equipment rental company is one of the UK’s most exciting growth stories.Why growth, why now?
Tough times play to the partnership’s strengths: analysing what enables us to adapt and thrive amid rapid change.International All Cap Q3 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.International All Cap Q2 update
The International All Cap team reflects on recent performance, portfolio changes, and market developments.Snippets from the archives
Key insights from the International All Cap Strategy picked from the past 30 years.Shimano: our strategy in one stock
How the cycle parts maker symbolises the kind of firms International All Cap is looking for.Growth flows
Tracking our pursuit of growth companies over time.Investing in ingenuity
Milena Mileva on picking International All Cap’s future winners.Forging a fund
How relationship building, performance and tales of Scotland helped establish our international funds.
International All Cap Q2 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.
Wise: Growing global money transfers
Charting rising cross-border money payments and the opportunity for remittance service Wise.International All Cap Q2 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.Tilting the odds in your favour
The Magnificent Seven’s reputation goes before them but that’s not enough to save them.International All Cap Q1 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.International All Cap Q4 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.Ashtead: hiding in plain sight
This little-known equipment rental company is one of the UK’s most exciting growth stories.Why growth, why now?
Tough times play to the partnership’s strengths: analysing what enables us to adapt and thrive amid rapid change.International All Cap Q3 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.International All Cap Q2 update
The International All Cap team reflects on recent performance, portfolio changes, and market developments.Snippets from the archives
Key insights from the International All Cap Strategy picked from the past 30 years.Shimano: our strategy in one stock
How the cycle parts maker symbolises the kind of firms International All Cap is looking for.Growth flows
Tracking our pursuit of growth companies over time.Investing in ingenuity
Milena Mileva on picking International All Cap’s future winners.Forging a fund
How relationship building, performance and tales of Scotland helped establish our international funds.
Explore further
Curious to learn more about our products and what we can offer you? Please get in touch.