Overview
This fund is closed to new investors.
The investment objective of the Fund is to seek to maximise total return (a combination of income and capital growth) by investing in a diversified portfolio consisting primarily of bonds issued by governments, local authorities, Supranational Organisations, public sector bodies and corporates in Emerging Market Countries which meet the environmental, social and governance criteria of the Investment Manager’s proprietary ESG framework and will exclude governments, local authorities, Supranational Organisations, public sector bodies and corporates in Emerging Market Countries whose activities/or products, behaviour and/or services are inconsistent with international standards of conduct.
Performance & Portfolio
Data is not currently available for this share class.Top Ten Issuers; 31/03/2024
Fund % 1 Mexico 9.9% 2 Dominican Republic 8.5% 3 Indonesia 5.1% 4 Chile 5.0% 5 Federal Republic of Nigeria 4.6% 6 Oman 4.4% 7 Hungary 4.2% 8 Republic of Cote D'Ivoire 3.8% 9 Serbia 3.6% 10 Peru 3.4% Total 52.5% Region Exposure 31/03/2024Fund %
- 1 Mexico 9.92
- 2 Indonesia 5.15
- 3 Chile 4.99
- 4 Nigeria 4.59
- 5 Oman 4.40
- 6 Hungary 4.22
- 7 Serbia 3.60
- 8 U.A.E. 3.54
- 9 Peru 3.42
- 10 Argentina 3.33
- 11 Romania 3.32
- 12 South Africa 2.86
- 13 Uzbekistan 2.84
- 14 North Macedonia 2.84
- 15 India 2.61
- 16 Ukraine 2.41
- 17 Others 34.34
- 18 Cash & Derivatives 1.62
- Total 100.00
As the Fund invests in overseas securities, changes in the rates of exchange may cause the value of your investment (and any income it may pay) to go down or up. 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.
Insights
No insights available.
Managers
Yannis Lykouris
Yannis joined Baillie Gifford in June 2011 and is an Investment Manager in the Emerging Markets Debt Team. He previously completed a summer internship at Goldman Sachs Asset Management in 2010. Yannis is a CFA Charterholder. He graduated BSc (Hons) in Accounting & Finance from the Athens University of Economics & Business in 2008 and MSc in Financial Economics from the University of Oxford in 2010.
John Berry
John joined Baillie Gifford in 2009 and is an Investment Manager in the Emerging Markets Debt Team. He also Chairs the Multi Asset and Fixed Income Review Group. Prior to joining Baillie Gifford, he spent eight years working for businesses and aid agencies in Emerging Markets. He graduated MA in Geography from the University of Edinburgh in 1999 and MSc in Development Practice from Oxford Brookes University in 2003.
Mindaugas Lepeska
Mindaugas joined Baillie Gifford in June 2019 and is an Investment Manager in the Emerging Markets Debt Team. Prior to joining Baillie Gifford, he worked as an Emerging Markets Strategists and Economist at Columbia Threadneedle for eight years before being promoted to lead EM Local Currency Debt Strategy. Mindaugas began his career in 2009 as an Economic Advisor for RBS. He graduated BSc in Economics from the University of Southampton in 2008 and MSc in Economics from the London School of Economics in 2009. Mindaugas has passed all three levels of CFA designation in first sitting.
How To Invest
For further information on the funds, including availability and investment options, please contact our local distributor Shinyoung Securities Co. Ltd.Qualified Professional Investor EnquiriesDong-Won Oum (Shinyoung Securities)Telephone: +822 2004 9397Email: oum.dong-won@shinyoung.comDocuments
You can access any literature about the Fund here, either by downloading or requesting a copy by post (where available). Please note that, due to current government restrictions, we have a limited number of staff in our office. As a result, if posting instructions to us, there may be a delay in processing these due to these current restrictions.
To download any document you will need Adobe Reader. Please note that we can now provide you with Braille and audio transcriptions of our literature on request. It may take up to 10 days for the transcription to be completed dependent on the size of the document.
Annual Reports
Application Forms
Important Disclosures
Interim Reports
Other Fund Literature
Prospectus
Quarterly Investor Updates
Shareholders Rights Directive
Further Information
COMPLAINTS CONTACT DETAILS
In the first instance, clients should contact their normal Client Contact with any concerns. Alternatively, or for those clients who do not have a direct client contact assigned, complaints can be emailed to Baillie Gifford’s Compliance Department at: InstitutionalComplaints@bailliegifford.com. A summary document which contains details on Baillie Gifford’s complaints management policy is available upon request. All material complaints are recorded in an in-house incident management system and are escalated to, and dealt with by, members of staff of suitable seniority, independent of the area from which the matter arose.Risks
Investment markets can go down as well as up and market conditions can change rapidly. The value of an investment in the Fund, and any income from it, can fall as well as rise and investors may not get back the amount invested.
The specific risks associated with the Fund include:
Custody
Custody of assets, particularly in emerging markets, involves a risk of loss if a custodian becomes insolvent or breaches duties of care.
Emerging Markets
TThe Fund invests in emerging markets where difficulties in trading could arise, resulting in a negative impact on the value of your investment. The Fund’s investment in frontier markets may increase this risk.
Bonds & Inflation
Bonds issued by companies and governments may be adversely affected by changes in interest rates, expectations of inflation and a decline in the creditworthiness of the bond issuer. The issuers of bonds in which the Fund invests, particularly in emerging markets, may not be able to pay the bond income as promised or could fail to repay the capital amount.
Concentration
The Fund’s concentrated portfolio relative to similar funds may result in large movements in the share price in the short term.
Foreign Currency
The Fund has exposure to foreign currencies and changes in the rates of exchange will cause the value of any investment, and income from it, to fall as well as rise and you may not get back the amount invested .
Derivatives
Derivatives may be used to obtain, increase or reduce exposure to assets and may result in the Fund being leveraged. This may result in greater movements (down or up) in the price of shares in the Fund. It is not our intention that the use of derivatives will significantly alter the overall risk profile of the Fund.
Environmental, Social and Governance (ESG)
The Fund invests according to sustainable and responsible investment criteria which means it cannot invest in certain sectors and companies. The universe of available investments will be more limited than other funds that do not apply such criteria/ exclusions, therefore the Fund may have different returns than a fund which has no such restrictions. Data used to apply the criteria may be provided by third party sources and is based on backward-looking analysis and the subjective nature of non-financial criteria means a wide variety of outcomes are possible. There is a risk that data provided may not adequately address the underlying detail around material non-financial considerations.
Please consider all of the characteristics and objectives of the fund as described in the Key Information Document (KID) and prospectus before making a decision to invest in the Fund. For more information on how sustainability issues, such as climate change are considered, see bailliegifford.com.
Volatility
The Fund’s share price can be volatile due to movements in the prices of the underlying holdings and the basis on which the Fund is priced.
Further details
Further details of the risks associated with investing in the Fund can be found in the Key Investor Document (EU), Key Investor Information Document (UK), or the Prospectus. Copies of these documents are available at bailliegifford.com.
Definitions
Duration: This is a measure of how sensitive the price of a bond (or other debt instrument) is to a change in interest rates. In general, the higher the duration, the more a bond's price will drop in response to a rise in interest rates.
Average credit rating: Credit ratings agencies, such as S&P and Fitch, asssess the creditworthiness of a borrower and assign a rating to the debt instruments (including bonds) that they have issued. The scale that applies here goes from AAA (Investment Grade - extremely strong capicity to meet financial commitments) to D (Speculative Grade - Payment defaulted, a promise breached or filed for bankruptcy). The lowest "Investment Grade" rating is BBB.
Redemption Yield: This represents the expected annual returns from bonds or other fixed-interest securities.
Important Information
By clicking on South Korea, you have confirmed that you are based in South Korea and that you meet the following requirements.
The information in this area of the website is intended for qualified professional investors and consultants based in South Korea. It is not intended for use by any other persons including members of the general public or investors from other jurisdictions.
Please remember that all investment strategies have the potential for profit and loss and your or your clients’ capital may be at risk.
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 Overseas Limited is licensed with the Financial Services Commission in South Korea as a cross border Discretionary Investment Manager and Non-Discretionary Investment Adviser.
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.The information provided does not constitute an offer of or solicitation for purchase or sale of securities or provision of any investment services. Any general enquiries regarding Baillie Gifford should be directed to the relevant individual as noted in the Contact Us section.
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 under the United Kingdom's Financial Services and Markets Act 2000 or any conduct of business rules which we are bound to comply with.
This website is informative only and the information provided should not be considered as investment advice or a recommendation to buy, sell or hold a particular investment. You can read details of our Legal and Important Information here.