Capital at risk
International Smaller Companies
We harness asymmetry in equity markets to capture the disproportionate impact of successful investments. These can be early-stage and immature or established, best-in-class operators in profitable niche areas.
Unearthing exceptional companies
We are committed to finding the most exciting smaller companies in one of the deepest and least efficient segments of the market. Our task is to look for small, exceptional companies and invest in them with an ownership mindset.
Generating outstanding returns for clients
We aim to outperform the benchmark (MSCI ACWI ex US Small Cap Index) by at least 3 per cent per annum over rolling five-year periods.
We will invest in companies with a market capitalisation of $2bn or smaller, which we expect to deliver strong growth and we will sell once they reach $10bn. This allows enough room to foster significant long-term returns for our clients while sharing our insights on our most successful holdings with larger cap strategies as they exceed our size threshold.
We’re in it for the long term
Great companies. Some want to shape and transform industries, others have skillsets to exploit emerging opportunities. Some operate at a superior level through distinctive culture or thoughtful stewardship.
At the lower end of the market cap spectrum, many are often underappreciated or ignored by narrowly focused and short-term driven participants. This provides an excellent opportunity for Baillie Gifford, with its expertise in active management and belief in long-term investment, to create a truly differentiated strategy.
Looking beyond our benchmark is not an option, it’s a necessity. To uncover truly remarkable investments, we must embrace our curiosity and spirit of exploration.
Meet the managers
Explore further
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 March 2024
| # | Holding | % of portfolio |
|---|---|---|
| 1 | Hypoport | 4.25 |
| 2 | AirTAC International Group | 3.73 |
| 3 | Addtech | 3.70 |
| 4 | Brunello Cucinelli | 3.27 |
| 5 | Global UniChip | 3.26 |
| 6 | Kinaxis | 2.71 |
| 7 | Reply | 2.70 |
| 8 | Chroma ATE | 2.56 |
| 9 | Alpha FX | 2.44 |
| 10 | DMG Mori | 2.35 |
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
Tilting the odds in your favour
The Magnificent Seven’s reputation goes before them but that’s not enough to save them.
International Smaller Companies Q1 update
The International Smaller Companies Team reflects on recent performance, portfolio changes and market developments.
왜 지금 성장인가?
어려운 시기에 발휘되는 파트너십 지배구조의 강점: 급격한 변화 속에서 적응하고 성장할 수 있는 이유에 대해 분석합니다.
International Smaller Companies Q4 update
The International Smaller Companies Team reflects on recent performance, portfolio changes and market developments.
Why growth, why now?
Tough times play to the partnership’s strengths: analysing what enables us to adapt and thrive amid rapid change.
International Smaller Companies: Under the Radar
Part 6 - Alignment.
International Smaller Companies: Under the Radar
Part 5 - Insight.
International Smaller Companies: Under the Radar
Part 4 - Scalability.
International Smaller Companies: Under the Radar
Part 3 – Sustainability
International Smaller Companies: Under the Radar
Part 2 – Competitive Edge.
International Smaller Companies: Under the Radar
Part 1 - Opportunity
International Smaller Companies: Under the Radar
Introducing the Radar
International Smaller Companies Q1 investment update
The International Smaller Companies Team reflects on recent performance, portfolio changes and market developments over the last quarter.
Related insights
Tilting the odds in your favour
The Magnificent Seven’s reputation goes before them but that’s not enough to save them.International Smaller Companies Q1 update
The International Smaller Companies Team reflects on recent performance, portfolio changes and market developments.왜 지금 성장인가?
어려운 시기에 발휘되는 파트너십 지배구조의 강점: 급격한 변화 속에서 적응하고 성장할 수 있는 이유에 대해 분석합니다.International Smaller Companies Q4 update
The International Smaller Companies Team reflects on recent performance, portfolio changes and market developments.Why growth, why now?
Tough times play to the partnership’s strengths: analysing what enables us to adapt and thrive amid rapid change.International Smaller Companies: Under the Radar
Part 6 - Alignment.International Smaller Companies: Under the Radar
Part 5 - Insight.International Smaller Companies: Under the Radar
Part 4 - Scalability.International Smaller Companies: Under the Radar
Part 3 – SustainabilityInternational Smaller Companies: Under the Radar
Part 2 – Competitive Edge.International Smaller Companies: Under the Radar
Part 1 - OpportunityInternational Smaller Companies: Under the Radar
Introducing the Radar
Explore further
Curious to learn more about our products and what we can offer you? Please get in touch.
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. Read our Legal and regulatory information for further details.