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 allows 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.

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 
  • ESG factors 

The result is a sustainable, research-led portfolio which 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 January 2024

#Holding% of portfolio
1Baillie Gifford Worldwide Sustainable Emerging Markets Bond Fund7.4%
2Baillie Gifford Emerging Markets Bond Fund6.8%
3Plutus CLO Fund3.6%
4Leadenhall UCITS ILS Fund3.4%
5Galene Fund3.1%
6Baillie Gifford Responsible Global Equity Income Fund2.7%
7Aegon ABS Opportunity Fund Acc2.7%
8UBS Cross Asset Trend Ex FF ETN2.6%
9Scottish Mortgage Investment Trust2.4%
10WisdomTree Aluminium ETC (c)2.0%

Strategy holdings by asset allocation

All figures up to: 31 January 2024

1Cash and Equivalents13.40%
2Structured Finance12.60%
3Infrastructure12.10%
4Listed Equities11.70%
5Property9.80%
6Emerging Market Bonds Hard Currency8.50%
7Government Bonds7.60%
8Emerging Market Bonds Local Currency6.80%
9Insurance Linked6.60%
10High Yield Credit4.60%
11Commodities3.60%
12Absolute Return2.60%
13Active Rates and Currency-3.40%
Total 96%

Strategy holdings by asset allocation

All figures up to: 31 January 2024

Total: 96%

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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Important information

Please remember that all investment strategies have the potential for profit and loss and your or your clients’ capital may be at risk.
The information on this website is intended for institutional 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 (Hong Kong) Limited 柏基亞洲(香港)有限公司 is wholly owned by Baillie Gifford Overseas Limited and holds a Type 1 and a Type 2 licence from the Securities and Futures Commission of Hong Kong to market and distribute Baillie Gifford’s range of collective investment schemes to professional investors in Hong Kong.
Baillie Gifford Asia (Hong Kong) Limited 柏基亞洲(香港)有限公司 can be contacted at Suites 2713-2715, Two International Finance Centre, 8 Finance Street, Central, Hong Kong, Telephone +852 3756 5700.
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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.