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Overview
The Developed Asia Pacific Fund aims to outperform (after deduction of costs) the MSCI Pacific Index, as stated in Sterling, by at least 1.5% per annum over rolling five-year periods. There is no guarantee that this objective will be achieved over any time period and actual investment returns may differ from this objective, particularly over shorter time periods.
The manager believes this is an appropriate benchmark given the investment policy of the Fund and the approach taken by the manager when investing. In addition, the manager believes an appropriate performance comparison for this Fund is the Investment Association Asia Pacific including Japan Sector.
In markets seduced by complexity, we believe in keeping things simple. We invest in what we believe to be the most competitive, innovative and efficient growth companies.
Performance & Portfolio
Periodic performance
All figures to 28/02/2025 6 Months
1 Year
3 Years
5 Years
Class B-Acc 1.3% 2.9% -0.1% 3.7% Index* 1.6% 4.4% 7.0% 7.3% Target Benchmark** 2.4% 6.0% 8.6% 8.9% Sector Average*** 2.3% 4.7% 1.1% 5.9% Sector Ranking 6/8 6/8 6/7 7/7 Figures for 3 and 5 years are shown as the annualised rate of return. This is the average yearly return over the specified period.
Annual discrete performance 31 December each year Annual percentage return (updated quarterly)
Annual percentage return (Updated Quarterly) 31/12/2019
31/12/202031/12/2020
31/12/202131/12/2021
31/12/202231/12/2022
31/12/202331/12/2023
31/12/2024Class B-Acc 27.9% -2.0% -16.3% 0.1% 3.3% Index* 8.8% 3.8% -1.8% 9.1% 9.2% Target Benchmark** 10.4% 5.4% -0.3% 10.7% 10.9% Sector Average*** 27.2% 1.4% -11.6% 2.0% 6.1% Please bear in mind that past performance is not a guide to future returns. The value of your investment may go down as well as up, and you may not get back the amount you invested.
Source: FE, Revolution, MSCI. Total return net of charges, in sterling.Share class returns calculated using 10am prices, while the Index is calculated close-to-close.
*MSCI Pacific Index.
**MSCI Pacific Index (in sterling) plus at least 1.5% per annum over rolling five-year periods.
***IA Asia Pacific Including Japan Sector.
Top ten holdings 28/02/2025
Fund % 1 United Overseas Bank 5.7% 2 Baillie Gifford Japanese Smaller Cos Fund 5.2% 3 SoftBank Group 4.2% 4 Recruit Holdings 4.1% 5 Sony 4.0% 6 MS&AD Insurance 3.5% 7 Hong Kong Exchanges & Clearing 3.5% 8 James Hardie Industries 3.3% 9 Techtronic Industries 3.2% 10 SBI Holdings 2.9% Total 39.6% Sector analysis of total assets 28/02/2025Fund %
- 1 Financials 20.69
- 2 Industrials 16.55
- 3 Communication Services 14.59
- 4 Consumer Discretionary 10.23
- 5 Information Technology 10.08
- 6 Health Care 8.62
- 7 Materials 7.41
- 8 Consumer Staples 6.58
- 9 Baillie Gifford Pooled Funds 5.15
- 10 Cash 0.10
- Total 100.00
Geographic analysis of total assets 28/02/2025Fund %
- 1 Japan 65.37
- 2 Australia 14.13
- 3 Hong Kong 10.20
- 4 Singapore 8.55
- 5 Others 1.66
- 6 Cash 0.10
- 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.
As well as cash in the bank, this balance includes unsettled cash flows arising from both shareholder flows and outstanding trades. Therefore, a negative balance may arise from timing differences between shareholder flows and security trading, and does not necessarily represent a bank overdraft.
The information contained on this page is intended as a guide only and should not be relied upon when making investment decisions. Source Baillie Gifford & Co.
Please note that totals may not sum due to rounding.
Meet the Managers
Mirbahram Azimbayli
Mirbahram is an investment manager in the Japanese Equities Team. He is lead manager of the Developed Asia portfolios. He joined Baillie Gifford in 2018. Prior to joining the team, Mirbahram spent time working in the Global Alpha and Global Income Growth teams at Baillie Gifford. He graduated BSc in International Relations from the Middle East Technical University (METU) in 2016 and an MPhil in Russian and East European Studies from the University of Oxford in 2018.
Iain Campbell
Iain is an investment manager in the Japanese Equities Team. He is deputy manager of Developed Asia Pacific portfolios and is a member of the International All Cap Portfolio Construction Group. He became part of the International All Cap central desk in 2024. Iain has been a member of the Managed Team since 2014. He joined Baillie Gifford in 2004 and became a partner of the firm in 2020. Prior to joining Baillie Gifford, Iain worked for Goldman Sachs as an analyst in its investment banking division. He graduated BA in Modern History from the University of Oxford in 2000.
How to Buy
Further information on the funds can be found in the relevant Key Investor Information and Prospectus Documents, which are available in English and will be sent to you free of charge on request.
You can invest in our funds via a number of fund platforms. Information on the range of funds available through platforms can be obtained from platforms@bailliegifford.com
OEIC Terms of Business
To buy and sell our funds, you must complete and return a copy of the document below, if you don't already have an agreement with us. In order for us to accept your business for our range of OEICs, please complete and return the Terms of Business Acceptance Form.
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.
Enhanced disclosure document
Key investor information documents (KIIDs)
Philosophy and process documents
Sustainability-related disclosures and climate reports
Value assessment
Risks
General Investment Risk
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.
Custody
Custody of assets involves a risk of loss if a custodian becomes insolvent or breaches duties of care.
Concentration
The Fund’s concentration in a particular geographical area or industry 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.
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.
Dilution
A dilution adjustment may apply when you buy or sell shares in the Fund. This is applied to the share price and may reduce the return on your investment.
Fees from Revenue
Where possible, charges are taken from the Fund's revenue. Where there is insufficient revenue, the remainder will be taken from capital. This will reduce the capital value of your investment.
Tax Rates
Tax rates and the tax treatment of OEICs can change at any time.
Important Information
Your location indicates you are based in the Channel Islands and you have confirmed that you are an intermediary. The information in the website is not intended for retail investors. Please select “Change” at the top of the page if this is not suitable for you.
Baillie Gifford Investment Management (Europe) Limited is authorised and regulated by the Central Bank of Ireland (Reference number C182354) as an Alternative Investment Fund Manager and UCITS Manager to Baillie Gifford Worldwide Funds plc. Its registered office is 4/5 School House Lane East, Dublin 2, D02 N279, Ireland.
This website is informative only and the information provided should not be considered as investment or other advice or a recommendation to buy, sell or hold a particular investment. You can read details of our Legal and Important Information here.
