Overview
The Emerging Markets Fund aims to produce capital growth over the long term by investing primarily in emerging market equities. Performance will be measured against the MSCI Emerging Markets Index.
We invest on a long-term (five year) perspective and have a strong preference for growth. We are looking for significant upside in each stock that we invest in. The process is driven by rigorous, fundamental, bottom-up analysis undertaken by our dedicated emerging markets team. The fund manager draws on this analysis, as well as insights gleaned from discussion with all of Baillie Gifford’s global investors, to produce a portfolio that typically holds 60–100 stocks.
Investment Proposition
We invest on a long-term (five year) perspective and have a strong preference for growth. We are looking for significant upside in each stock that we invest in. The process is driven by rigorous, fundamental, bottom-up analysis undertaken by our dedicated emerging markets team. The fund manager draws on this analysis, as well as insights gleaned from discussion with all of Baillie Gifford’s global investors, to produce a portfolio that typically holds 60–100 stocks.
Holdings by sector 11/30/2024Fund %
- 1 Information Technology 29.73
- 2 Consumer Discretionary 20.13
- 3 Financials 17.37
- 4 Communication Services 10.12
- 5 Energy 8.24
- 6 Materials 5.92
- 7 Consumer Staples 4.68
- 8 Industrials 1.79
- 9 Real Estate 0.87
- 10 Health Care 0.48
- 11 Cash 0.67
- Total 100.00
Total may not sum due to rounding
Holdings by country 11/30/2024Fund %
- 1 China 27.93
- 2 Taiwan 17.12
- 3 India 15.28
- 4 Brazil 11.48
- 5 South Korea 9.61
- 6 Mexico 3.13
- 7 Thailand 2.34
- 8 South Africa 1.74
- 9 Other Emerging Markets 1.72
- 10 Singapore 1.63
- 11 Indonesia 1.51
- 12 Poland 1.24
- 13 Peru 0.94
- 14 Kazakhstan 0.81
- 15 Saudi Arabia 0.76
- 16 Vietnam 0.75
- 17 Panama 0.75
- 18 Chile 0.61
- 19 Russia 0.00
- 20 Cash 0.67
- Total 100.00
Total may not sum due to rounding
As at March 3, 2022, the Russian holdings held within the Fund were valued at zero by our Fair Value Pricing Committee due to the ongoing issues in the Russian market. As a result of the 0% weighting they have been excluded from the list above. Details of the stocks can be found in the full holdings list.
It should not be assumed that recommendations/transactions made in the future will be profitable or will equal performance of the securities mentioned. The composition of the Fund's holdings is subject to change. Percentages are based on securities at market value. Internal classifications are used for any graphs represented above.
There is no guarantee that the investment objective of the Fund will be achieved. Stocks fluctuate in price and the value of your investment in the Fund may go down. This means that you could lose money on your investment in the Fund or the Fund may not perform as well as other possible investments.Insights
View all Insights.TAX & DISTRIBUTIONS
The Fund intends to pay dividends to its unitholders at least annually. Distributions will be automatically reinvested in additional units of the Fund or, if a unitholder requests, paid directly to unitholder.
The distribution date for the Fund shall be the last Valuation Date in each taxation year or such other frequency as may be determined by the Manager. The distribution dates will appear on this page alongside the rates once they become available. For more information on the Funds distributions please see the Offering Memorandum.
The below table shows the makeup of the most recent distributions paid.
Fund Name
Income Dividends
Capital Gain
Total Per Share
Ex. Date
Pay Date
Status
Emerging Markets Fund Series F 0.13631 0.00000 0.13631 12/29/2023 12/29/2023 Final Emerging Markets Fund Series Z 0.14034 0.00000 0.14034 12/29/2023 12/29/2023 Final Source: CIBC Mellon and Baillie Gifford & Co.
Documents
Quarterly investor updates
Index Disclaimer
Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
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.
