Overview
The Pacific Fund aims to outperform (after deduction of costs) the MSCI AC Asia ex Japan Index, as stated in Sterling, by at least 2% 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 excluding Japan Sector.
Asia is facing a period of change. We look to embrace the opportunities afforded by this change, by investing in companies disrupting the existing order.
Performance & Portfolio
Periodic Performance
All figures to 31/10/2024 6 Months
1 Year
3 Years
5 Years
Class B-Acc 1.1% 21.8% -4.4% 10.3% Index* 9.0% 21.4% 1.1% 5.1% Target Benchmark** 10.1% 23.8% 3.2% 7.3% 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 to 30 September each year
Annual percentage return (Updated Quarterly) 30/09/2019
30/09/202030/09/2020
30/09/202130/09/2021
30/09/202230/09/2022
30/09/202330/09/2023
30/09/2024Class B-Acc 43.8% 27.4% -21.6% -0.5% 14.8% Index* 12.6% 10.0% -13.6% 1.8% 17.7% Target Benchmark** 14.9% 12.2% -11.9% 3.8% 20.1% Sector Average*** 8.1% 15.5% -10.5% 0.2% 13.9% Please bear in mind that past performance is not a guide to future performance.
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 AC Asia ex Japan Index.
**MSCI AC Asia ex Japan Index (in sterling) plus at least 2% per annum over rolling five-year periods.
***IA Asia Pacific Excluding Japan Sector.Top Ten Holdings - 31/10/2024
Fund % 1 TSMC 9.7% 2 Samsung Electronics 6.2% 3 Tencent 6.0% 4 Reliance Industries 3.5% 5 CNOOC 3.2% 6 Meituan 3.2% 7 SK Hynix 2.6% 8 MMG Limited 2.5% 9 Zijin Mining 2.4% 10 Sea Limited 2.3% Total 41.7% Insights
View all Insights.Meet the Managers
Roddy Snell
Roddy is an investment manager in the Emerging Markets Equity Team. He joined Baillie Gifford in 2006 and became a partner of the firm in 2023. He has managed the Baillie Gifford Pacific Fund since 2010 and Pacific Horizon Investment Trust since 2021 (having been deputy since 2013). Roddy became a member of the International Alpha Portfolio Construction Group in 2024. Prior to joining the Emerging Markets Equity Team in 2008, he also spent time in the UK and European equity teams. Roddy graduated BSc (Hons) in medical biology from the University of Edinburgh in 2006.
Ben Durrant
Ben is an investment manager in the Emerging Markets Equity Team. He has managed the Pacific Fund since 2021 and became deputy manager of Pacific Horizon Investment Trust in 2023. He joined Baillie Gifford in 2017, and has also worked in our UK, Global Discovery and Private Companies equity teams. Prior to joining the firm, he worked for RBS in their Group Strategy and Corporate Finance Team. Ben is a Chartered Accountant and a CFA Charterholder, and graduated BSc (Hons) in mathematics from the University of Edinburgh in 2012.
Fund Platforms
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Fund Platforms
Documents
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Application forms
Enhanced disclosure document
Factsheets
Key investor information documents (KIIDs)
Philosophy and process documents
Quarterly investor reports
Sustainability-related disclosures and climate reports
Important Information
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