Capital at risk

Investment strategy

Multi Asset Growth

Our Multi Asset Strategy offers exposure to an actively managed, diversified range of assets – an important approach when seeking attractive long-term returns at lower volatility than equity markets.  

We take our macro views of the world and integrate them with themes that will drive investment markets over the long term to find the best opportunities.  

Man silhouette on background of famous Risin og Kellingin rocks and cliffs of Eysturoy and Streymoy Islands seen from Kalsoy Island. Faroe Islands, Denmark. Landscape photography

Taking advantage of diversity

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.   

Chasing superior returns

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 that 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 3.5 per cent more than 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.

Low volatility, high value

We look to the future, not the past, creating portfolios that avoid complexity to achieve returns with low volatility. 

We identify the major drivers of markets and apply our knowledge and 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.  

Changes in the world bring investment opportunities. The unrivalled opportunity set of our Multi Asset funds gives us many ways to generate very attractive returns off the back of these.
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 Fund7.6%
2Baillie Gifford Emerging Markets Bond Fund6.1%
3Baillie Gifford Emerging Markets Leading Companies Fund4.9%
4Plutus CLO Fund4.2%
5Aegon ABS Opportunity Fund Acc3.7%
6Galene Fund3.2%
7Baillie Gifford Worldwide Global Strategic Bond Fund3.0%
8iShares MSCI EM UCITS ETF2.7%
9Terna2.7%
10Baillie Gifford US High Yield Credit2.6%

Asset Allocation - Exposure

All figures up to: 31 January 2024

1Listed Equities16.60%
2Infrastructure15.50%
3Structured Finance13.40%
4Property10.00%
5Emerging Market Bonds Hard Currency8.70%
6Cash and Equivalents8.40%
7Government Bonds8.20%
8Emerging Market Bonds Local Currency6.10%
9Commodities5.50%
10High Yield Credit4.50%
11Investment Grade Bonds3.00%
12Active Rates and Currency-3.60%
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.