Capital at risk

Investment strategy

Asia ex Japan

Around half of the world's population resides in Asia. Asian companies often have substantial addressable opportunities and decades of growth ahead of them. 

We’ve been managing Asia ex Japan portfolios for over three decades and are grateful to be entrusted by a range of clients across the world.  

Young Indian woman waiting for a train at subway station in India.

A patient approach to investing

A patient approach in the least patient markets, helping clients benefit from powerful growth tailwinds in Asia. Investors should be open-minded about where growth can come from and know the market inefficiencies they are trying to exploit. 

Asia ex Japan Strategy

Investment manager, Roderick Snell, discusses the Baillie Gifford Asia ex Japan Strategy.

Turning time to your advantage

Our key goal is to build strong relationships with like-minded clients. We know we can only do this if we deliver strong investment performance, net of costs, over the long term.  

The number of genuinely world-class companies in Asian countries is growing, and we feel very fortunate to be tasked with seeking these out. We must invest with patience and give good decisions time to prove themselves. 

We believe that being selective is imperative to those seeking the best results. 

Appreciating the under-appreciated

We believe there are three persistent inefficiencies that we are well-placed to exploit for our clients:

  • Growth duration: many companies grow for much longer than expected 
  • Growth pace: many companies grow much faster than expected 
  • Growth surprise: many companies grow when it’s least expected 

Much of our process relies on the interplay of data, experience, educated creativity and probability. This does not necessarily lend itself to a matrix or flowchart. 

Our portfolio consists of businesses that are leaders in what they do. We take confidence in the fact that these companies can invest capital productively and profitably.
Ben DurrantInvestment Manager

Meet the managers

Documents

Philosophy and process

Explore our investment philosophy and the processes around how the team constructs the portfolio.

Quarterly update

Get the latest investment commentary, portfolio overview, transactions and performance information alongside governance engagement and voting. 

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You can invest in this strategy through the following fund(s).

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Strategy portfolio holdings

A list of the top 10 holdings that the representative portfolio invests in.

All figures up to: 31 January 2024

#Holding% of portfolio
1TSMC7.4%
2Samsung Electronics7.4%
3CNOOC4.8%
4Reliance Industries4.7%
5Tata Motors3.6%
6Phoenix Mills 2.8%
7SK Hynix2.7%
8Accton Technology2.5%
9DLF2.5%
10Bank Rakyat Indonesia2.3%

Strategy holdings by region

All figures up to: 31 January 2024

1China28.10%
2India23.60%
3South Korea17.40%
4Taiwan13.50%
5Vietnam8.20%
6Indonesia6.10%
7Others3.50%
8Cash-0.40%
Total 100%

Strategy holdings by region

All figures up to: 31 January 2024

Total: 100%

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.

Invest in this strategy

You can invest in this strategy through the following fund(s).

Explore further

Curious to learn more about our products and what we can offer you? Please get in touch.

How to invest in this strategy

You can invest in this strategy through the following fund(s).

Explore further

Curious to learn more about our products and what we can offer you? Please get in touch.