UK & Worldwide Equity Fund
UK & Worldwide Equity Fund
The UK & Worldwide Equity Fund aims to outperform (after deduction of costs) a composite index comprising 60% UK and 40% overseas equities, as stated in sterling, by at least 1% per annum over rolling five-year periods. The composite index is calculated by Baillie Gifford and comprises: 60% FTSE All-Share Index and 40% overseas. The overseas element is currently made up of 28% FTSE North America Index; 28% FTSE Europe (ex UK) Index; 28% MSCI Pacific Index and 16% MSCI Emerging Markets Index. 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 target given the investment policy of the Fund and the approach taken by the manager when investing.
Performance & Portfolio
All figures to 31/08/2023
Class B-Acc -1.8% 4.1% 1.2% 3.0% Index* -0.8% 5.3% 9.5% 4.7% Target Benchmark** -0.3% 6.4% 10.5% 5.8%
Annual Discrete Performance to 30 June each year
Annual percentage return (Updated Quarterly)
Class B-Acc 3.8% 3.9% 32.9% -24.8% 10.5% Index* 3.6% -6.6% 21.9% -1.9% 9.3% Target Benchmark** 4.6% -5.6% 23.1% -0.9% 10.4%
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 you invested.
Performance source: FE, Revolution, FTSE, MSCI, total return in sterling.
*60% FTSE All-Share Index and 40% Overseas Equities.
**60% FTSE All-Share Index and 40% Overseas Equities +1%.31/08/2023
Source: FE. Single pricing basis, net income reinvested.
Top Ten Holdings - 31/08/2023
Fund % 1 Baillie Gifford Emerging Markets Leading Companies Fund 4.4% 2 Baillie Gifford Emerging Markets Growth Fund 3.7% 3 AstraZeneca 2.7% 4 Rio Tinto 2.4% 5 Diageo 2.4% 6 Bunzl 2.3% 7 Unilever 2.1% 8 RELX 1.9% 9 Hikma Pharmaceuticals 1.7% 10 Prudential 1.7% Total 25.2%Geographic Analysis of Total Assets - 31/08/2023
- 1 UK 55.48
- 2 North America 13.07
- 3 Developed Asia Pacific 12.05
- 4 Europe (ex UK) 11.48
- 5 Emerging Markets 8.07
- 6 Cash -0.16
- Total 100.00
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.
Meet the Managers
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.
Iain is the co-lead Manager on our flagship Managed Fund, where he has been involved since 2000. He is the lead Manager of our UK Core Strategy and became a Partner of the firm in 2005. Since joining Baillie Gifford in 1994, Iain has also spent time in the US Equities Team. His knowledge and experience as a stock picker is a valuable input into our Global Stewardship equity Strategy. Iain graduated MA in Accountancy from the University of Aberdeen and subsequently qualified as a Chartered Accountant.
Iain is an Investment Manager in the Japanese Equities Team. He is Manager of the Developed Asia Strategy and is a member of the International All Cap Portfolio Construction Group. Iain graduated BA in Modern History from Oxford University in 2000, and worked for Goldman Sachs and travelled in Asia, before joining Baillie Gifford in 2004. Iain became a Partner of the Firm in May 2020.
Stephen is Head of the European Equity Team and has been involved in running the European portion of the Managed Fund since 2019. Stephen joined Baillie Gifford in 2005 and spent time in the US, UK Smaller Companies and Japanese Equities Teams. Stephen graduated BSc (Hons) in Financial Mathematics in 2005.
Kirsty is an Investment Manager in the US Equities Team. Kirsty joined Baillie Gifford in 2012 and began her career on the US Equities Team, moving on to spend several years in small and large cap global equities departments, before returning to the US Equities Team. She graduated MA (Hons) in Economics in 2011 and MSc in Carbon Management in 2012, both from the University of Edinburgh.
How to Invest
You can invest in our funds via a number of fund platforms and supermarkets, please see the links opposite. Information on the range of funds available through platforms can be found in our Platform Matrix.
Please note that we do not have the facility for you to invest directly with us in our Investment Trusts and we do not offer ISAs, SIPPS or Share Plans.
Please also note that we do not have an online service for individual investors.
Further information on our funds can be found in the relevant Key Investor Information and Prospectus Documents, which are available in English and will be sent to you free of charge on request.
Baillie Gifford does not sponsor, maintain or have any control over the content of any other websites. Therefore, we are not responsible for the adequacy or accuracy of any of the information you may view, nor do we undertake to ensure successful transmission to any linked website.
How to Invest
Getting Financial Advice
At Baillie Gifford we don’t provide financial advice, but we do try our best to provide you with all the information we think you might need to make investment decisions. Of course, we realise there are occasions when you may want the advice of an expert.
Using professional financial advice
An authorised intermediary can give you advice and help on how best to manage your financial affairs based on your circumstances and investment aspirations. They can also help keep track of all your different investment interests, saving you a lot of time and bookkeeping.
Finding a financial adviser near you
If you want to use an authorised intermediary, MyLocalAdviser is a website that allows you to search for authorised intermediaries in your area. You can visit their site on www.mylocaladviser.co.uk
You can access any literature about the Fund here, either by downloading or requesting a copy by post (where available).
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.
Enhanced Disclosure Document
Key Investor Information Documents
General Investment Risk
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.
Custody of assets involves a risk of loss if a custodian becomes insolvent or breaches duties of care.
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.
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.
A dilution adjustment may apply when you buy or sell shares in the Fund. This is applied to the share price and may reduce the return on your investment.
Fees from Revenue
Where possible, charges are taken from the Fund's revenue. Where there is insufficient revenue, the remainder will be taken from capital. This will reduce the capital value of your investment.
Tax rates and the tax treatment of OEICs can change at any time.