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 graduated BSc (Econ) in Statistics from The London School of Economics in 1993 and MSc in Investment Analysis in 1994 from Stirling University. He joined Baillie Gifford in 1994 and became a Partner in 2004.  With the exception of a year researching UK Smaller Companies, Richard has spent his career at Baillie Gifford covering the emerging markets and is Head of our Emerging Markets Equity Team. Richard is a member of the Emerging Markets Product Group.

    Michael Gush
    Mike Gush

    Mike graduated MEng in Mechanical Engineering from Durham University in 2003. He joined Baillie Gifford in the same year and worked in the UK and Japanese Equities teams before moving to the Emerging Markets Equity Team in 2005, where he is an Investment Manager. Mike is one of the five portfolio managers of our Global Stewardship strategy, and is a CFA charterholder.

  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 0.78% 0%
    B Acc GB0006020647 0602064 £1,000 no minimum 0.78% 0%

    * Interim figures as at 31/10/2018

    The ongoing charges figure is estimated due to a reduction in the annual management fee. The ongoing charges figure may vary from year to year and will exclude the costs of buying or selling assets for the Fund (unless these assets are shares of another fund).

    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.