Capital at risk

Investment strategy

Sustainable Multi Asset

We look to generate attractive returns over cash with low volatility, investing within a tight carbon budget in line with the Paris Agreement.  

Our wide opportunity set and diverse asset mix allow us to create flexible portfolios prepared for different economic conditions.  

Jungrau mountain peak during alpen glow at sunset. View from First, Grindelwald, Switzerland.

Limiting carbon, not growth

We offer a breadth of opportunity across a diverse range of asset classes, aiming to deliver attractive returns with lower volatility than equity markets and within a decreasing carbon budget.

Multi Asset Q3 update

The Multi Asset Team reflects on recent performance, portfolio changes and market developments over the last quarter.

Emphasising diversification

We seek to provide a diverse, actively managed portfolio with three equally weighted objectives of return, climate and risk.  

We take a broad opportunity set and turn it into a single fund with sustainable qualities. This offers clients an effective way to achieve diversification at lower volatility levels than equity markets. 

Our objectives: 

  • a return of 3.5 per cent more than UK base rate over rolling five-year periods and a positive return over rolling three-year periods 
  • a carbon footprint maintained below a budget which declines at 7 per cent per annum 
  • volatility of returns below 10 per cent over rolling five-year periods  
The performance target is aspirational and is not guaranteed. We don’t use it to compile the portfolio and returns will vary. A single performance target may not be appropriate across all vehicles and jurisdictions. We may not meet our investment objectives if, for example, our growth investment style is out of favour or we misjudge the long-term earnings growth of our holdings.

Looking to the future, not the past

We’ve been investing in multi-asset portfolios since 2009. We combine our macro views with themes that will drive markets in the long term to find the best opportunities.  

We also ask, "is this investment compatible with a sustainable economy?" and apply our expertise to construct a portfolio that incorporates:  

  • macroeconomic views 
  • long-term return expectations 
  • risk and near-term scenario analysis 
  • environmental, social and governance (ESG) factors

The result is a sustainable, research-led portfolio that seeks to generate value for clients throughout economic cycles.  

 

 

Change brings opportunities. Short-term changes can be as unpredictable as a river’s meander, but by focusing on long-term trends we think it’s possible to figure out the likely destination.
James Squires

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: 31 October 2024

#Holding% of portfolio
1Australia 4.25% (Green Bond) 21/06/20345.2%
2Citi/BG EM Equity ETN4.5%
3Leadenhall UCITS ILS Fund3.4%
43i Infrastructure2.8%
5Galene Fund2.6%
6Aegon ABS Opportunity Fund Acc2.6%
7Baillie Gifford Responsible Global Equity Income Fund2.5%
8Greencoat UK Wind2.5%
9Renewables Infrastructure Group2.5%
10Citi/BG Value Equity ETN2.1%

Strategy holdings by asset allocation

As at: 31 October 2024

1Infrastructure22.10%
2Emerging Market Bonds16.30%
3Listed Equities14.10%
4Insurance Linked10.40%
5Property9.40%
6Structured Finance7.90%
7Government Bonds6.70%
8Cash and Equivalents5.80%
9Commodities4.80%
10High Yield Credit3.00%
11Special Opportunities1.10%
12Active Rates and Currency-24.80%
Total 76%

Strategy holdings by asset allocation

All figures up to: 31 October 2024

Total: 76%

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:

Filters

Insights

Viewing 21 of 21
  1. Brightline private inter-city rail train in West Palm Beach in Florida, United States

    Too long to drive, too short to fly

    Meet the rail company reshaping high-speed intercity travel across the US.
    November 2024
    Article3 minutes
  2. The clean energy election

    Will the US election result affect investors in US renewables? Felix Amoako-Kwarteng finds out.
    October 2024
    Article7 minutes
  3. Multi Asset Q3 update

    The Multi Asset Team reflects on recent performance, portfolio changes and market developments.
    October 2024
    Video12 minutes
  4. The Climate Scenarios Project: part 2

    The impact of Disorderly Transition scenarios on macro indicators and market outcomes.
    September 2024
    Document
  5. The rate cut conundrum: Multi Asset’s LTRE

    Insights on economic growth, inflation trends, and investment opportunities in bonds, equities, and more for the next decade.
    August 2024
    Article7 minutes
  6. Multi Asset Q2 update

    The Multi Asset Team reflects on recent performance, portfolio changes and market developments.
    July 2024
    Video12 minutes
  7. The case for UK water investments

    Uncover the resilient UK water companies showcasing their growth prospects in the face of regulatory and environmental hurdles.
    July 2024
    Video10 minutes
  8. Japan: the land of the rising yield

    How Japan's changing economy is reshaping the Multi Asset investment landscape.
    May 2024
    Article4 minutes
  9. Multi Asset investment update

    An update on performance, portfolio developments and where we see new opportunities.
    April 2024
    Video32 minutes
  10. Where are the opportunities?

    The Multi Asset Team’s forecast for growth, bonds, equities and other assets over the decade.
    March 2024
    Article7 minutes
  11. Multi Asset investment update

    An update on the portfolio, market environment and outlook for the year ahead.
    January 2024
    Video30 minutes
  12. Multi Asset: Investment process evolution

    Focusing on the central pillars of our multi-asset investment process has sparked an evolution.
    November 2023
    Article
  13. Multi Asset Q3 investment update

    How is the portfolio adapting to risks and opportunities? Scott Lothian explains.
    October 2023
    Video32 minutes
  14. Multi Asset quarterly update

    James Squires reflects on the current environment influencing Multi Asset portfolios.
    July 2023
    Video32 minutes
  15. Why now for multi-asset investing

    Who benefits from the new macro environment? Why multi-asset investing remains a viable option.
    June 2023
    Article
  16. Multi Asset quarterly update

    Scott Lothian explains how Multi Asset is riding out the ups and downs of market volatility.
    April 2023
    Video31 minutes
  17. Productivity’s slowdown unravelled

    Casting fresh light on why productivity growth lost steam and why it might be about to pick up.
    February 2023
    Article
  18. Why excess global savings matter

    The savings surplus affects companies that want to issue financial assets to fund investment.
    January 2023
    Article
  19. The robots are coming

    Robots won’t take all our jobs, but they will affect labour markets and, with them, inflation.
    January 2023
    Article
  20. The inflation debate

    A temporary blip or a structural shift? The Multi Asset Team debates inflation’s ups and downs.
    January 2023
    Article
  21. The productivity surge of the 2020s

    Are the days of productivity growth over? The Multi Asset Team does not think so.
    January 2023
    Article

Multi Asset Q3 update

The Multi Asset Team reflects on recent performance, portfolio changes and market developments over the last quarter.

  1. Brightline private inter-city rail train in West Palm Beach in Florida, United States

    Too long to drive, too short to fly

    Meet the rail company reshaping high-speed intercity travel across the US.
    November 2024
    Article3 minutes
  2. The clean energy election

    Will the US election result affect investors in US renewables? Felix Amoako-Kwarteng finds out.
    October 2024
    Article7 minutes
  3. Multi Asset Q3 update

    The Multi Asset Team reflects on recent performance, portfolio changes and market developments.
    October 2024
    Video12 minutes
  4. The Climate Scenarios Project: part 2

    The impact of Disorderly Transition scenarios on macro indicators and market outcomes.
    September 2024
    Document
  5. The rate cut conundrum: Multi Asset’s LTRE

    Insights on economic growth, inflation trends, and investment opportunities in bonds, equities, and more for the next decade.
    August 2024
    Article7 minutes
  6. Multi Asset Q2 update

    The Multi Asset Team reflects on recent performance, portfolio changes and market developments.
    July 2024
    Video12 minutes
  7. The case for UK water investments

    Uncover the resilient UK water companies showcasing their growth prospects in the face of regulatory and environmental hurdles.
    July 2024
    Video10 minutes
  8. Japan: the land of the rising yield

    How Japan's changing economy is reshaping the Multi Asset investment landscape.
    May 2024
    Article4 minutes
  9. Multi Asset investment update

    An update on performance, portfolio developments and where we see new opportunities.
    April 2024
    Video32 minutes
  10. Where are the opportunities?

    The Multi Asset Team’s forecast for growth, bonds, equities and other assets over the decade.
    March 2024
    Article
  11. Multi Asset investment update

    An update on the portfolio, market environment and outlook for the year ahead.
    January 2024
    Video30 minutes
  12. Multi Asset: Investment process evolution

    Focusing on the central pillars of our multi-asset investment process has sparked an evolution.
    November 2023
    Article
  13. Multi Asset Q3 investment update

    How is the portfolio adapting to risks and opportunities? Scott Lothian explains.
    October 2023
    Video32 minutes
  14. Multi Asset quarterly update

    James Squires reflects on the current environment influencing Multi Asset portfolios.
    July 2023
    Video32 minutes
  15. Why now for multi-asset investing

    Who benefits from the new macro environment? Why multi-asset investing remains a viable option.
    June 2023
    Article
  16. Multi Asset quarterly update

    Scott Lothian explains how Multi Asset is riding out the ups and downs of market volatility.
    April 2023
    Video31 minutes
  17. Productivity’s slowdown unravelled

    Casting fresh light on why productivity growth lost steam and why it might be about to pick up.
    February 2023
    Article
  18. Why excess global savings matter

    The savings surplus affects companies that want to issue financial assets to fund investment.
    January 2023
    Article
  19. The robots are coming

    Robots won’t take all our jobs, but they will affect labour markets and, with them, inflation.
    January 2023
    Article
  20. The inflation debate

    A temporary blip or a structural shift? The Multi Asset Team debates inflation’s ups and downs.
    January 2023
    Article
  21. The productivity surge of the 2020s

    Are the days of productivity growth over? The Multi Asset Team does not think so.
    January 2023
    Article

Explore further

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

Important information

The information on this website is intended for institutional investors and accredited investors (as defined in the Securities and Futures Act, Chapter 289 of Singapore, as amended) and consultants in Singapore only. It is not intended for use by any other persons including members of the general public or investors from other jurisdictions.
The information contained in this website has been compiled with considerable care to ensure its accuracy at the date of publication. However, no representation or warranty, express or implied, is made to its accuracy or completeness. Nothing in this information or elsewhere in this website shall exclude, limit or restrict our duties and liabilities to you the United Kingdom's Financial Services and Markets Act 2000 or any conduct of business rules which we are bound to comply with. These Terms and any non-contractual obligations arising from or connected with them shall be governed by, and these Terms shall be construed in accordance with, the laws of Singapore.
Baillie Gifford Overseas Limited is wholly owned by Baillie Gifford & Co. Baillie Gifford Overseas Limited provides investment management and advisory services to non-UK clients. Both are authorised and regulated by the Financial Conduct Authority.
Baillie Gifford Asia (Singapore) Private Limited is wholly owned by Baillie Gifford Overseas Limited and holds a Capital Markets Services Licence from the Monetary Authority of Singapore to conduct fund management activities for institutional investors and accredited investors in Singapore. Baillie Gifford Asia (Singapore) Private Limited can be contacted at Singapore Land Tower, Level 46, Unit 4616-17, 50 Raffles Place, Singapore 048624.
This website is informative only and the information provided should not be considered as investment or other advice or a recommendation or offer to buy, sell or hold a particular investment. You can read details of our Legal and Important Information here.