1. Objective

    The Emerging Markets Growth Fund aims to outperform (after deduction of costs) the MSCI Emerging Markets Index, as stated in Sterling, by at least 2% per annum over rolling five-year periods. There is no guarantee that this objective will be achieved over any time period and actual investment returns may differ from this objective, particularly over shorter time periods. The manager believes this is an appropriate benchmark given the investment policy of the Fund and the approach taken by the manager when investing.

    The value of investments and any income from them may go down as well as up and you or your client may not get back the amount originally invested.
  2. Meet the Managers

    Richard Sneller
    Richard Sneller

    Richard is Head of our Emerging Markets Equity Team, a member of the Emerging Markets Product Group and a member of the Firm’s Strategic Leadership Group. He has been a Manager of the Emerging Markets All Cap strategy since 1999. Richard joined Baillie Gifford in 1994 and became a Partner in 2004. He has spent almost the entirety of his career at Baillie Gifford researching and investing in Emerging Markets. Richard graduated BSc (Econ) in Statistics from London School of Economics in 1993 and MSc in Investment Analysis from the University of Stirling in 1994.

    Michael Gush
    Mike Gush

    Mike is a named manager for Baillie Gifford’s Emerging Markets and China Funds, as well as being responsible for the Emerging Markets Small Cap Strategy. He has also been involved with the Global Stewardship Strategy since its inception in 2015. Mike first joined Baillie Gifford in 2003 and worked in the UK and Japanese Equities Teams before moving to the Emerging Markets Equity Team in 2005. He became an Investment Manager in 2006 and has researched all Emerging Markets during his career. Mike also has previous experience managing the Pacific Horizon Investment Trust and the Baillie Gifford Pacific Fund. He is a CFA Charterholder and graduated MEng from the University of Durham in 2003.

    Andrew Stobart - Investment Manager

    Andrew Stobart has been an Investment Manager in the Emerging Markets Team since 2007 and sits on the Emerging Markets All Cap Portfolio Construction Group. Andrew has also been a member of the International Alpha Portfolio Construction Group since 2008. Since joining Baillie Gifford as an Investment Analyst in 1991, Andrew has worked in the UK, Japanese and North American Teams. Prior to joining Baillie Gifford, Andrew spent three years working in Investment Banking in London. Andrew graduated MA in Economics from the University of Cambridge in 1987.

    Ewan Markson-Brown
    Ewan Markson-Brown

    Ewan is an Investment Manager in the Emerging Markets Equity Team. He has co-managed the Pacific Fund since May 2014 and has managed Pacific Horizon Investment Trust PLC since March 2014. Prior to joining Baillie Gifford in 2013, Ewan was a Senior Vice President in Emerging Markets at PIMCO. He previously worked at Newton for five years, most recently as Lead Portfolio Manager on an Asia Pacific Equity Strategy, as well as segregated Asian income and Japanese Equities Strategies. Ewan also previously worked for Merrill Lynch Investment Managers as a Portfolio Manager in the Asia-Pacific region for six years. He graduated MA in Politics, Philosophy and Economics from the University of Oxford in 2000.

  3. Actual investors help shape the new world.

    Not shore up the old one.
    Find out more
  4. Key Information

    Launch Date 3 March 1997
    Benchmark MSCI Emerging Markets Index + 2%
    The Investment Association Sector Global Emerging Markets
    XD Date Last day of April each year
    Distribution Last day of June each year
    Pricing Valuation point 10am daily, swinging single price
    Active Share 68%**
    Rayner Spencer Mills Research Rated Fund* Rayner Spencer Mills Rated Fund

    Please bear in mind that past performance is not a guide to future performance.

    The value of your investment may go down as well as up, and you may not get back the amount invested.

    *This rating is designed for use by professional advisers and intermediaries as part of their advice process. This rating is not a recommendation to buy. If you need further information or are in doubt then you should consult a professional adviser.

    **Relative to MSCI Emerging Markets Index. Source: Baillie Gifford & Co, MSCI.

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    All of our investment teams are based in Edinburgh, meaning the Emerging Markets Equity Team is able to draw on the experience of the wider Baillie Gifford regional teams.
  6. Investment Choice and Charges

    Share Class ISIN Number SEDOL Number Min. Investment Min. Top Up Ongoing Charges* Initial Charge
    B Inc GB0006020530 0602053 £1,000 no minimum 0.77% 0%
    B Acc GB0006020647 0602064 £1,000 no minimum 0.77% 0%

    * Interim figures as at 31/10/2019

    A further explanation of all the charges and costs relating to this Fund can be found in the Enhanced Disclosure of Fund Charges and Costs document.

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