Overview
The Worldwide Islamic Global Equities Fund aims to provide capital growth over the long term through investing primarily in shares of companies which meet Sharia principles as interpreted and laid down by the Sharia Supervisory Board and the relevant environmental, social and governance criteria.
Performance & Portfolio
Data is not currently available for this share class.Top Ten Holdings; 31/10/2024
Fund % 1 Microsoft 6.2% 2 Alphabet 5.9% 3 Amazon.com 5.8% 4 Shopify 5.8% 5 Nexans 4.0% 6 NVIDIA 3.6% 7 Novo Nordisk 3.4% 8 Recruit Holdings 3.3% 9 Analog Devices 3.0% 10 Reliance Industries 2.8% Total 43.8% Sector Exposure 31/10/2024Fund %
- 1 Information Technology 34.96
- 2 Health Care 17.50
- 3 Industrials 13.92
- 4 Consumer Discretionary 13.75
- 5 Communication Services 8.19
- 6 Energy 2.79
- 7 Materials 2.26
- 8 Real Estate 0.57
- 9 Cash 6.06
- Total 100.00
As the Fund invests in overseas securities, changes in the rates of exchange may cause the value of your investment (and any income it may pay) to go down or up. 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.
Insights
Managers
Kavé Sigaroudinia
Kavé is Head of Research in the UK Equity Team. He joined Baillie Gifford in 1999 and became a partner in the firm in 2012. He was previously Head of Research and an investment manager in the International Growth Team.
Tolibjon Tursunov
Tolibjon is a founding member of the Baillie Gifford Islamic Strategy and is a member of its Portfolio Construction Group. He is also a co-manager of the Japan Growth Strategy. He joined Baillie Gifford in 2011 and spent time working on our regional as well as large and small cap global equities teams. Prior to joining the firm, he worked in the corporate finance department of an FMCG company, before founding a price comparison website in Central Asia covering insurance, banking, and telecom sectors. Tolibjon graduated LLB in Law from Queen Mary University of London in 2008 and is a CFA Charterholder.
Documents
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.
Risks
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.
The specific risks associated with the Fund include:
Custody
Custody of assets, particularly in emerging markets, involves a risk of loss if a custodian becomes insolvent or breaches duties of care.
Emerging Markets
The Fund invests in emerging markets where difficulties in trading could arise, resulting in a negative impact on the value of your investment.
Concentration
The Fund’s concentrated portfolio relative to similar funds may result in large movements in the share price in the short term.
Foreign Currency
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.
Environmental, Social and Governance (ESG)
The Fund invests in companies whose business complies with Sharia principles, with specific focus on companies that have a purpose to deliver positive societal impact. The universe of available investments will be more limited than other funds that do not apply such criteria/exclusions, therefore the Fund may have different returns than a fund which has no such restriction. Data used to apply the criteria may be provided by third party sources and is based on backward-looking analysis and the subjective nature of non-financial criteria means a wide variety of outcomes are possible. There is a risk that data provided may not adequately address the underlying detail around material non-financial considerations.
Please consider all of the characteristics and objectives of the fund as described in the Key Information Document (KID) and prospectus before making a decision to invest in the Fund. For more information on how sustainability issues, such as climate change are considered, see bailliegifford.com.
Volatility
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.
Further Details
Further details of the risks associated with investing in the Fund can be found in the Key Information Document (KID), or the Prospectus. Copies of both the KID and Prospectus are available at bailliegifford.com.
Definitions
Active Share: A measure of the Fund's overlap with the benchmark. An active share of 100 indicates no overlap with the benchmark and an active share of zero indicates a portfolio that tracks the benchmark.
Important Information
Baillie Gifford Overseas Limited (ARBN 118 567 178) is registered as a foreign company under the Corporations Act 2001 (Cth) and holds Foreign Australian Financial Services Licence No 528911. The information in this area is provided to you on the basis that you are a “wholesale client” within the meaning of section 761G of the Corporations Act 2001 (Cth) (“Corporations Act”). Please advise Baillie Gifford Overseas Limited immediately if you are not a wholesale client. In no circumstances should the information in this area be made available to “retail clients” as defined by the Corporations Act.
The information in this area contains general information only. It does not take into account any person’s objectives, financial situation or needs.
