Capital at risk

Investment strategy

Diversified Growth

We’ve been investing in multi-asset portfolios since 2009. Our edge is our wide opportunity set and asset allocation mix, which allow us to create nimble portfolios prepared for different economic conditions.  

Our strategy is actively managed and diversified – an important approach when seeking attractive long-term returns at lower volatility than equity markets.   

An aerial view of a large lake inside a valley at sunset.

A breadth of opportunity

Our mission is simple – we take advantage of a breadth of opportunity across a diverse range of asset classes, aiming to deliver attractive returns with lower volatility than equity markets.

High variation, low volatility

We seek to provide a diverse portfolio of asset classes that has dual objectives with an equal focus on return and risk.  

We take a broad opportunity set and turn it into a single fund. We know this offers our clients a simple and effective way to achieve diversification at lower volatility levels than equity markets.  

Our objectives: 

  • A return that is at least 3.5 per cent more than the UK base rate over rolling five-year periods 
  • A positive return over rolling three-year periods 
  • Volatility of returns below 10 per cent over rolling five-year periods  
The performance target is aspirational and is not guaranteed. We don’t use it to compile the portfolio and returns will vary. A single performance target may not be appropriate across all vehicles and jurisdictions. We may not meet our investment objectives if, for example, our growth investment style is out of favour, or we misjudge the long-term earnings growth of our holdings.

Investing with the future in mind

Our portfolios avoid complexity and are positioned to achieve returns with low volatility.  

We identify the major drivers of markets and apply our expertise to construct a portfolio that invests across asset classes, incorporating:  

  • Macroeconomic views 
  • Long-term return expectations 
  • Risk and near-term scenario analysis 

The result is a top-down, macroeconomic and research-led portfolio, which seeks to generate value for our clients throughout economic cycles.  

Change brings opportunities. Short-term changes can be as unpredictable as the meander of a river but by focusing on long-term trends, we think it’s possible to figure out the destination.
James Squires

Meet the managers

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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
1Baillie Gifford Worldwide Sustainable Emerging Markets Bond Fund7.3%
2Baillie Gifford Emerging Markets Bond Fund5.9%
3Baillie Gifford Emerging Markets Leading Companies Fund4.2%
4Plutus CLO Fund4.0%
5Baillie Gifford Long Term Global Growth Investment Fund4.0%
6Galene Fund3.5%
7Leadenhall UCITS ILS Fund3.0%
8Aegon ABS Opportunity Fund Acc3.0%
9iShares MSCI EM UCITS ETF2.4%
10UK T Bill 19/02/20242.1%

Asset Allocation - Exposure

All figures up to: 31 January 2024

1Infrastructure14.90%
2Listed Equities14.50%
3Structured Finance14.20%
4Cash and Equivalents11.10%
5Property8.40%
6Emerging Market Bonds Hard Currency8.30%
7Insurance Linked6.90%
8Emerging Market Bonds Local Currency5.90%
9Government Bonds4.90%
10Commodities4.80%
11High Yield Credit3.90%
12Investment Grade Bonds2.00%
13Active Rates and Currency-3.40%
Total 96%

Asset Allocation - Exposure

All figures up to: 31 January 2024

Total: 96%

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.