Capital at risk
EAFE Plus All Cap
Our philosophy is based on three core beliefs: that superior profit growth leads to outperformance in the long run, that fundamental analysis enables exploitation of market inefficiencies and that share prices reflect fundamentals over the long term.
Active growth for 30 years
An international portfolio supported by firmwide research and that follows a consistent investment philosophy and process. We believe that stock markets have a recurring tendency to underappreciate the value of long-term compound growth.
International All Cap Q3 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.
Different from the market
We look to invest in businesses that exhibit some combination of sustained, above-average growth and strong competitive advantage, such as superior profit margins or returns on invested capital.
We aim to take advantage of this by investing with a minimum time horizon of five years in mind, a period that we think is long enough for share price moves to reflect the economic value of the underlying assets.
Our philosophy and approach aim to offer strong tailwinds to growth and attractive returns and is aligned management teams.
Enduring strategy
Embracing different types of growth results in an eclectic mix of businesses. We aim for a balance of growth, quality and resilience.
We also take great pride in drawing from firmwide research to bring the best international ideas to the portfolio.
The strategy’s 33-year track record has outlived personnel changes by following a consistent investment philosophy.
The result of our bottom-up stock picking approach is a portfolio that is tilted towards the lower end of the benchmark’s market cap range. We think this is a fertile hunting ground for focused, well-run growth companies.
We are long-term in our approach and focused on identifying the structural growth drivers that could deliver strong returns for our clients over the coming decades.
Meet the managers
Documents
Stewardship report
Find out about our conversations with portfolio companies, shareholder vote activity and consideration of environmental, social and governance matters.
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You can invest in this strategy through the following fund(s).
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Curious to learn more about our products and what we can offer you? Please get in touch.
Strategy portfolio holdings
A list of the top 10 holdings that the representative portfolio invests in.
All figures up to: 30 September 2024
# | Holding | % of portfolio |
---|---|---|
1 | TSMC | 4.11 |
2 | Atlas Copco | 3.29 |
3 | United Overseas Bank | 3.24 |
4 | ASML | 3.13 |
5 | Auto Trader | 3.07 |
6 | Investor | 2.99 |
7 | MercadoLibre | 2.67 |
8 | Experian | 2.63 |
9 | AIA | 2.43 |
10 | Lonza | 2.14 |
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.
Insights
Key articles, videos and podcasts relating to the strategy:
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Insights
Saving when sending abroad: a Wise move
With international payments a profitable afterthought for the banks, it’s been left to a newcomer to build the best way of moving money around the world.International All Cap Q3 investor letter
The International All Cap Team reflects on recent performance, portfolio changes and market developmentsWise: Money Without Borders
Co-founder and CEO of digital payments platform Wise explains how a customer-centric approach is helping revolutionise global money movement.International All Cap Q3 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.Future Stocks: Our best ideas in Europe
Thomas Hodges uncovers three of Europe’s hidden growth champions: Lonza, Topicus and Soitec.Wise: Growing global money transfers
Charting rising cross-border money payments and the opportunity for remittance service Wise.International All Cap Q2 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.Tilting the odds in your favour
The Magnificent Seven’s reputation goes before them but that’s not enough to save them.International All Cap Q1 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.International All Cap: inflection points
Investment specialists give updates on performance, portfolio activity and the grounds long-term optimism.International All Cap Q4 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.Ashtead: hiding in plain sight
This little-known equipment rental company is one of the UK’s most exciting growth stories.Why growth, why now?
Tough times play to the partnership’s strengths: analysing what enables us to adapt and thrive amid rapid change.International All Cap: committing to growth
Investors give updates on performance, portfolio activity and the merits of long-term thinking.International All Cap Q3 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.Near-term headwinds, long-term optimism
Investors provide an update on International All Cap performance and portfolio activity.International All Cap Q2 update
The International All Cap team reflects on recent performance, portfolio changes, and market developments.
International All Cap Q3 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.
Saving when sending abroad: a Wise move
With international payments a profitable afterthought for the banks, it’s been left to a newcomer to build the best way of moving money around the world.International All Cap Q3 investor letter
The International All Cap Team reflects on recent performance, portfolio changes and market developmentsWise: Money Without Borders
Co-founder and CEO of digital payments platform Wise explains how a customer-centric approach is helping revolutionise global money movement.International All Cap Q3 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.Future Stocks: Our best ideas in Europe
Thomas Hodges uncovers three of Europe’s hidden growth champions: Lonza, Topicus and Soitec.Wise: Growing global money transfers
Charting rising cross-border money payments and the opportunity for remittance service Wise.International All Cap Q2 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.Tilting the odds in your favour
The Magnificent Seven’s reputation goes before them but that’s not enough to save them.International All Cap Q1 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.International All Cap: inflection points
Investment specialists give updates on performance, portfolio activity and the grounds long-term optimism.International All Cap Q4 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.Ashtead: hiding in plain sight
This little-known equipment rental company is one of the UK’s most exciting growth stories.Why growth, why now?
Tough times play to the partnership’s strengths: analysing what enables us to adapt and thrive amid rapid change.International All Cap: committing to growth
Investors give updates on performance, portfolio activity and the merits of long-term thinking.International All Cap Q3 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.Near-term headwinds, long-term optimism
Investors provide an update on International All Cap performance and portfolio activity.International All Cap Q2 update
The International All Cap team reflects on recent performance, portfolio changes, and market developments.
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.
Important information
The information provided does not constitute an offer of or solicitation for purchase or sale of securities or provision of any investment services. Baillie Gifford does not currently have any funds that offer securities under a simplified prospectus for general offer or sale within Canada. No securities regulatory authority in Canada has reviewed or in any way passed upon this website or the merits of any investment available, and any representation to the contrary is an offence.
Persons resident or domiciled in Canada should consult with their professional advisers as to whether they require any governmental or other consents in order to enable them to trade.
You can read details of our Legal and Important Information here.
Trade Matching Statement
This Trade-Matching Statement is being provided in accordance with National Instrument 24-101 -"Institutional Trade Matching and Settlement" and Companion Policy 24-101 CP (the "National
Instrument"). It applies to all trades that are subject to the National Instrument. View the whole statement.