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Emerging markets: new opportunities
Emerging markets: why it’s time to rethink the opportunities.
Private investments: unlocking growth
The three Rs – relationship, reputation and research – are key to private company investing.
The great US infrastructure rebuild
Finding gold amid the grit of the US drive to repair its essential networks.
Growth investing: hunting the outliers
It’s not about growth or value. It’s about the few companies that drive stock market returns.
International viewpoints: power players
Companies rising to new energy challenges in diverse ways, and the economies driving demand.
Small cap strife: big opportunities
Exploring the transformative potential of small-cap companies such as DexCom, Tesla and Axon.
Semiconductor chips: the global tech battle
Companies and countries are vying for influence on the technology powering computation.
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.
Long Term Global Growth Q3 investor letter
The Long Term Global Growth Team reflects on recent performance, portfolio changes and market developments
US Equity Growth Q3 investor letter
The US Equity Growth Team reflects on recent performance, portfolio changes and market developments
Positive Change Q3 investor letter
The Positive Change Team reflects on recent performance, portfolio changes and market developments
Global Alpha Q3 investor letter
The Global Alpha Team reflects on recent performance, portfolio changes and market developments
Emerging Markets Q3 investor letter
The Emerging Markets Team reflects on recent performance, portfolio changes and market developments
Do elections matter for stock returns?
What the past tells us about a new US president’s impact on growth companies.
Why growth investors can’t ignore China
China’s electric car, battery and other advanced manufacturers are on the rise.
Wise: Money Without Borders
Co-founder and CEO of digital payments platform Wise explains how a customer-centric approach is helping revolutionise global money movement.
China Q3 update
The China Team reflects on recent performance, portfolio changes and market developments.
Discovery Q3 update
The Discovery Team reflects on recent performance, portfolio changes and market developments.
Emerging Markets Q3 update
The Emerging Markets Team reflects on recent performance, portfolio changes and market developments.
European Equities Q3 update
The European Equities Team reflects on recent performance, portfolio changes and market developments.
Global Income Growth Q3 update
The Global Income Growth Team reflects on recent performance, portfolio changes and market developments.
Japan Growth Q3 update
The Japan Growth Team reflects on recent performance, portfolio changes and market developments.
Japan All Cap Q3 update
The Japan All Cap Team reflects on recent performance, portfolio changes and market developments.
Long Term Global Growth Q3 update
The Long Term Global Growth Team reflects on recent performance, portfolio changes and market developments.
Positive Change Q3 update
The Positive Change Team reflects on recent performance, portfolio changes and market developments.
UK Core Q3 update
The UK Core Team reflects on recent performance, portfolio changes and market developments.
US Equity Growth Q3 update
The US Equity Growth Team reflects on recent performance, portfolio changes and market developments.
Sustainable Growth Q3 update
The Sustainable Growth Team reflects on recent performance, portfolio changes and market developments.
US Alpha Q3 update
The US Alpha Team reflects on recent performance, portfolio changes and market developments.
Global Alpha Q3 update
The Global Alpha Team reflects on recent performance, portfolio changes and market developments.
Luxury brands show promise amid slump
How brands like Hermès, Gucci and Ferrari defy downturns with heritage and innovation.
Future Stocks: Our best ideas in Japan
Thomas Patchett uncovers three companies driving new opportunities in Japan.
Future Stocks: Our best ideas in the US
Ben James explains why DoorDash, The Trade Desk and CoStar stand out as growth stocks.
Future Stocks: Our best ideas in Asia
Qian Zhang highlights three Asian companies at the forefront of global structural trends.
Future Stocks: Our best ideas in Europe
Thomas Hodges uncovers three of Europe’s hidden growth champions: Lonza, Topicus and Soitec.
Future Stocks: Our best disruptive ideas
Bill Chater spotlights three companies set to make world-changing breakthroughs.
Future Stocks: Our best impact ideas
Rosie Rankin explains why Nubank, Xylem and Grab can both improve lives and offer investment returns.
The importance of focus
Why focus and patience are crucial elements when investing and identifying growth companies.
Eric Beinhocker: evolutionary economist
How successful companies harness the power of adaptation.
Ahead of the game: rethinking play’s importance
Kelly Clancy makes the case for why play is more important than you might think.
Kweichow Moutai: spirit of China
The fiery spirit that’s a profitable symbol of Chinese culture and luxury.
Creo Medical: at the spearhead of surgery
The Welsh company cutting surgery waiting lists – and costs.
Why technical leaders have an advantage
How the leaders of Meta, Shopify, Roblox and Spotify’s expertise helps them put AI to use.
Trip Notes: Seoul and Mumbai
Lawrence Burns sees great growth firms in action in South Korea and India.
PsiQuantum: the leap to quantum computing
PsiQuantum’s efforts could revolutionise medicine, energy use, farming and more.
Beyond NVIDIA: investing in semiconductors
Why some of the leading computer chip makers and companies enabling them have room to grow.
Beyond Silicon Valley
The US’s new hotbeds of innovation are increasingly based outside California.
SWCC Showa: rewiring Japan
How an ultra-traditional Japanese engineering firm became key to Japan’s power overhaul.
China: the new shoots of growth
Why advanced manufacturing and social context are key to investing in tomorrow’s Chinese giants.
Japan: opportunities in automation
Japan's automation revolution and its global leadership in robotics.
Japan: opportunities in healthcare
Japan’s innovation medical breakthroughs are combatting ageing.
Japan: opportunities in quality brands
Behind the success of Japan’s leading quality brands and what opportunities they present.
Japan: opportunities in entertainment
Japan's media giants: Sony and Nintendo's timeless influence.
MercadoLibre: Latin America’s unbanked
MercadoLibre offers hope to Latin America’s 178 million unbanked population.
Stock story: Diploma
Iain McCombie explores Diploma's journey to distribution excellence
The rise of cloud computing
From data lakes to Databricks, cloud storage will be key to driving progress and future innovation.
Wise: Growing global money transfers
Charting rising cross-border money payments and the opportunity for remittance service Wise.
Japanese changemakers shaping the future
The firms taking advantage of four transformational opportunities.
Starlink: internet for mobile dead zones
Low-orbit satellites could be the answer for the three billion unable to access the internet.
International viewpoints: semi-cap resilience
Why our long-term conviction in ASML, Tokyo Electron and TSMC stands up to recent sector volatility.
Extraordinary times and opportunities
James Budden explains why now is the time for growth, as markets weather exceptional volatility
The rate cut conundrum: Multi Asset’s LTRE
Insights on economic growth, inflation trends, and investment opportunities in bonds, equities, and more for the next decade.
Environment: making sense of the E in ESG
How companies’ relationships with climate, energy and the environment relate to long-term growth.
Academic collaborations that count
The experts helping us gain an investment edge when thinking about farming, human rights and AI.
International Growth: our philosophy
Investment manager Tom Coutts introduces International Growth, reflecting on the exciting opportunities ahead.
Positive Change Impact Report 2023
Where innovation meets impact: logging portfolio companies’ progress in shaping a better future.
Lessons from a time traveller
A journey through time uncovers the deep transitions that can reshape our world.
Long Term Global Growth Q2 update
The Long Term Global Growth Team reflects on recent performance, portfolio changes and market developments.
Positive Change Q2 update
The Positive Change Team reflects on recent performance, portfolio changes and market developments.
Emerging Markets Q2 update
The Emerging Markets Team reflects on recent performance, portfolio changes and market developments.
Global Alpha Q2 update
The Global Alpha Team reflects on recent performance, portfolio changes and market developments.
US Equity Growth Q2 update
The US Equity Growth Team reflects on recent performance, portfolio changes and market developments.
US Equity Growth: investor letter Q2 2024
Investment specialist Fraser Thomson gives an update on the US Equity Growth Strategy covering Q2 2024.
AI: driving a new healthcare paradigm
Why AI could be key to us living longer and being in better health in the future.
Positive Change: investor letter Q2 2024
Investment specialist Rosie Rankin gives an update on the Positive Change Strategy covering Q2 2024.
Multi Asset Q2 update
The Multi Asset Team reflects on recent performance, portfolio changes and market developments.
Streamlined for success
How efficiency drives at Meta, Shopify and Block could fuel their long-term growth.
Discovery Q2 update
The Discovery Team reflects on recent performance, portfolio changes and market developments.
European Equities Q2 update
The European Equities Team reflects on recent performance, portfolio changes and market developments.
Sustainable Growth Q2 update
The Sustainable Growth Team reflects on recent performance, portfolio changes and market developments.
UK Core Q2 update
The UK Core Team reflects on recent performance, portfolio changes and market developments.
China Q2 update
The China Team reflects on recent performance, portfolio changes and market developments.
International Growth Q2 update
The International Growth Team reflects on recent performance, portfolio changes and market developments.
Japanese Equities Q2 update
The Japanese Equities Team reflects on recent performance, portfolio changes and market developments.
Strategic Bond Q2 update
The Strategic Bond Team reflects on recent performance, portfolio changes and market developments
US Alpha Q2 update
The US Alpha Team reflects on recent performance, portfolio changes and market developments
Health Innovation Q2 update
The Health Innovation Team reflects on recent performance, portfolio changes and market developments.
International Smaller Companies Q2 update
The International Smaller Companies Team reflects on recent performance, portfolio changes and market developments.
Global Income Growth Q2 update
The Global Income Growth Team reflects on recent performance, portfolio changes and market developments.
International All Cap Q2 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.
International Alpha Q2 update
The International Alpha Team reflects on recent performance, portfolio changes and market developments.
International viewpoints: global EV trends
Analysing market dynamics, industry challenges and future trends of EVs’ global adoption.
Stock story: PsiQuantum
How one company is finally bringing the boundless possibilities of quantum computing into reach of the wider market.
International Concentrated Growth Q2 update
The International Concentrated Growth Team reflects on recent performance, portfolio changes and market developments.
International viewpoints: eastern promise
What market sentiment, recent valuations and policy changes mean for us as investors in Asian growth companies.
Private equities: time to turn to growth
Why high interest rates help rapid growth private companies with proven products stand apart.
Japan: the next opportunity
Explore Japan's market evolution, digitalization, and investment opportunities in unique growth themes.
Why small companies matter to us
Unlocking the potential of small cap investments.
A write up of Baillie Gifford’s responsible investing breakfast
An insight into the critical role of responsible investing in aligning financial success with sustainability efforts.
Emerging Markets: our philosophy
Investment manager William Sutcliffe introduces Emerging Markets, reflecting on the exciting opportunities ahead.
China through a Japanese lens
Japanese tech dominance is under increasing pressure in China from domestic challengers.
Japan: the land of the rising yield
How Japan's changing economy is reshaping the Multi Asset investment landscape.
Stock story: MercadoLibre
The company on a mission to democratise ecommerce and finance for 650 million people.
Upfront: Japanese equities
Praveen Kumar shares the latest on growth equities in Japan and why now is the time for small cap investors to be bold.
Webinar: Why growth? Why now?
Partners Tim Garratt and Stuart Dunbar identify signs of emerging growth.
Algorithmic alchemy: investing with optimism in AI
How artificial intelligence creates growth opportunities and ways for us to serve you better.
30 years of emerging markets
Baillie Gifford’s Will Sutcliffe explains how emerging markets have evolved in the last three decades.
High-calibre emerging markets firms
Why it’s a promising time to invest in exceptional emerging markets companies
Tilting the odds in your favour
The Magnificent Seven’s reputation goes before them but that’s not enough to save them.
Investing in UK water
The companies transforming the UK’s water infrastructure.
Sustainable Growth Q1 update
The Sustainable Growth Team reflects on recent performance, portfolio changes and market developments.
UK Core Q1 update
The UK Core Team reflects on recent performance, portfolio changes and market developments.
European Equities Q1 update
The European Equities Team reflects on recent performance, portfolio changes and market developments.
Japanese Equities Q1 update
The Japanese Equities Team reflects on recent performance, portfolio changes and market developments.
International Alpha Q1 update
The International Alpha Team reflects on recent performance, portfolio changes and market developments.
Long Term Global Growth Q1 update
The Long Term Global Growth Team reflects on recent performance, portfolio changes and market developments.
Health Innovation Q1 update
The Health Innovation Team reflects on recent performance, portfolio changes and market developments.
US Alpha Q1 update
The US Alpha Team reflects on recent performance, portfolio changes and market developments.
International Growth Q1 update
The International Growth Team reflects on recent performance, portfolio changes and market developments.
US Equity Growth Q1 update
The US Equity Growth Team reflects on recent performance, portfolio changes and market developments.
Global Alpha Q1 update
The Global Alpha Team reflects on recent performance, portfolio changes and market developments.
Positive Change Q1 update
The Positive Change Team reflects on recent performance, portfolio changes and market developments.
International Smaller Companies Q1 update
The International Smaller Companies Team reflects on recent performance, portfolio changes and market developments.
International Concentrated Growth Q1 update
The International Concentrated Growth Team reflects on recent performance, portfolio changes and market developments.
Global Income Growth Q1 update
The Global Income Growth Team reflects on recent performance, portfolio changes and market developments.
International All Cap Q1 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.
China A Shares Q1 update
The China A Shares Team reflects on recent performance, portfolio changes and market developments.
Emerging Markets Q1 update
The Emerging Markets Team reflects on recent performance, portfolio changes and market developments.
Strategic Bond Q1 update
The Strategic Bond Team reflects on recent performance, portfolio changes and market developments.
Five years of health innovation
Investors take note: technology and innovation are revolutionising treatments and patient care.
Private companies and the Power Law
Author Sebastian Mallaby on the attraction of investing in game-changing firms at an early stage.
Moncler: from mountain to street
How the outerwear pioneer innovated its way into the fashion elite.
Novo Nordisk: tipping the scales
Charting how a century of innovation led to a game-changing weight-loss treatment.
The fresh face of Japanese finance
New online services are transforming Japanese financial habits.
The US building bonanza
America’s infrastructure upgrade plan vastly exceeds its spending on rebuilding post-war Europe.
Lessons from the laws
Investment managers share some of the economic laws that guide their decision-making.
Vietnam: Asia’s rising star
Visiting Saigon, Roderick Snell explores what went right for the pro-business communist country.
AI: intelligence everywhere
Why AI could be the printing press of intelligence.
Remitly: easy global remittance
The mobile app that busts stress and high charges for workers sending money back home.
Starlink’s Space-based broadband
How the SpaceX subsidiary is turning internet deserts into online oases
The founder factor
Tom Slater on the secret sauce shared by founder-led companies.
Climeworks: digging deeper for climate solutions
A small holding with a long-term climate goal.
Positive Conversations 2023
The Positive Change Team’s ESG and engagement report shows the difference talking can make.
Stock story: Pinduoduo
The innovative ecommerce company poised to take advantage of China’s large consumer base.
All aboard the growth train
Why do we prefer growth stocks despite the lure of shorter-term assets?
Positive Change: a review of 2023
A performance update explaining why we back firms solving social and economic issues such as Moderna and MercadoLibre.
How dividend growth signals compounding
Investor James Dow explains why dividend growth indicates a company can compound its earnings.
A new recipe for weight loss
The huge growth potential of Novo Nordisk’s anti-obesity medicines.
Long Term Global Growth Q4 update
The Long Term Global Growth Team reflects on recent performance, portfolio changes and market developments.
Moderna: designing drugs on a computer
Can scientists meet unmet health needs by writing code to help the body heal itself?
The AI paradigm shift
Being open-minded to what rapid changes brought on by AI could mean for growth stocks.
Niches, anomalies, and things to come
How can we spot large growth opportunities at the stage when others dismiss them as fads?
Lessons from evolutionary biology
Why the study of gene fitness can help us spot ambitious growth companies with huge potential.
Enduring good
What values are important to you? And are they reflected in your investments?
The 3 traits of great growth stocks
Why real-world problem solving, financial discipline and adaptability are critical to growth.
UK Core Q4 update
The UK Core Team reflects on recent performance, portfolio changes and market developments.
Global Income Growth Q4 update
The Global Income Growth Team reflects on recent performance, portfolio changes and market developments.
Global Alpha Q4 update
The Global Alpha Team reflects on recent performance, portfolio changes and market developments.
Japanese Equities Q4 update
The Japanese Equities Team reflects on recent performance, portfolio changes and market developments.
International All Cap Q4 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.
Strategic Bond Q4 update
The Strategic Bond Team reflects on recent performance, portfolio changes and market developments.
Sustainable Growth Q4 update
The Sustainable Growth Team reflects on recent performance, portfolio changes and market developments.
Health Innovation Q4 update
The Health Innovation Team reflects on recent performance, portfolio changes and market developments.
US Equity Growth Q4 update
The US Equity Growth Team reflects on recent performance, portfolio changes and market developments.
Positive Change Q4 update
The Positive Change Team reflects on recent performance, portfolio changes and market developments.
European Equities Q4 update
The European Equities Team reflects on recent performance, portfolio changes and market developments.
China Q4 update
The China Team reflects on recent performance, portfolio changes and market developments.
International Smaller Companies Q4 update
The International Smaller Companies Team reflects on recent performance, portfolio changes and market developments.
International Growth Q4 update
The International Growth Team reflects on recent performance, portfolio changes and market developments.
International Alpha Q4 update
The International Alpha Team reflects on recent performance, portfolio changes and market developments.
International Concentrated Growth Q4 update
The International Concentrated Growth Team reflects on recent performance, portfolio changes and market developments.
Making sense of social
Considering the S in ESG ranges from supply chain analysis to cybersecurity precautions.
Emerging Markets Q4 update
The Emerging Markets Team reflects on recent performance, portfolio changes and market developments.
Stock story: SoftBank
Matthew Brett discusses SoftBank and considers Japan’s exciting technological future.
How Amazon pioneered a new path
The new wave of companies blending physical and digital processes together.
Avoided emissions methodology
Climate and Environment Analyst Matt Jones considers the potential of emissions avoidance and disruptive innovation.
HelloFresh: changing how people eat forever
HelloFresh’s CEO explains the art and science of meal kit delivery at a global scale.
China: fear or FOMO?
Ben Buckler on how investors should steer between the twin poles of risk in China.
Why growth, why now?
Tough times play to the partnership’s strengths: analysing what enables us to adapt and thrive amid rapid change.
South-east Asia’s new export stars
Unearthing growth companies in Vietnam, Indonesia and Thailand.
Small caps: Beyond the myths
Opportunities remain in small-cap investing, regardless of interest rates or market volatility.
China revisited
Lawrence Burns explores the new landscape of opportunity.
Spotting the stars amid a surge
Rising Japanese markets are flattering old-style companies: better to look for long-term growth.
Innovation’s drumbeat
Charting how technological progress and prosperity march together.
Aurora: the technology company transforming trucking
The US’s $800bn trucking industry is on track for a shake up with Aurora’s self-driving technology.
Emerging markets – why bother?
Emerging markets have underperformed developed ones recently. So, why should we invest in them?
When software meets steel
The ‘next wave’ of companies, mixing the digital and physical realms.
Nuclear comeback
Could smaller reactors and fusion power herald a new atomic age?
AI: a long-term perspective
Why investors must put the rise of ChatGPT and other generative AI in context.
Climate change: imagining the future
The years ahead are uncertain, but we can turn that to our advantage.
Adding value from climate change
Companies addressing climate change could create huge societal and economic value over time.
Legally bond: finding underestimated resilience
By keeping an open mind, we hope to find opportunities other credit investors might overlook.
Japan’s new growth opportunities
Seeking the entrepreneurial firms that could sustain the country’s rally.
How Microsoft got its mojo back
By shifting the focus from Windows and embracing AI, the firm has revitalised its fortunes.
The hidden costs of software
A decade ago, software companies were venture-backed and capital-light. That’s no longer true.
How Alnylam nips disease in the bud
The US-based company’s technology promises to ‘silence’ genetic disorders and target some of the world’s biggest killers.
Climate futures: preparing for uncertainty
How can we avoid a hothouse world? Head of Climate Change Caroline Cook discusses with experts.
Global Alpha Q3 update
The Global Alpha Team reflects on recent performance, portfolio changes and market developments.
Can we mine sustainably?
Minerals are key to the energy transition. We believe mining responsibly will bring rewards.
International All Cap Q3 update
The International All Cap Team reflects on recent performance, portfolio changes and market developments.
International Alpha Q3 update
The International Alpha Team reflects on recent performance, portfolio changes and market developments.
Sustainable Growth Q3 update
The Sustainable Growth Team reflects on recent performance, portfolio changes and market developments.
European Equities Q3 update
The European Equities Team reflects on recent performance, portfolio changes and market developments.
Health Innovation Q3 update
The Health Innovation Team reflects on recent performance, portfolio changes and market developments.
International Concentrated Growth Q3 update
The International Concentrated Growth Team reflects on recent performance, portfolio changes and market developments.
Strategic Bond Q3 update
The Strategic Bond Team reflects on recent performance, portfolio changes and market developments.
Japanese Equities Q3 update
The Japanese Equities Team reflects on recent performance, portfolio changes and market developments.
Long Term Global Growth Q3 update
The Long Term Global Growth Team reflects on recent performance, portfolio changes and market developments.
Global Income Growth Q3 update
The Global Income Growth Team reflects on recent performance, portfolio changes and market developments.
International Growth Q3 update
The International Growth Team reflects on recent performance, portfolio changes and market developments.
US Equity Growth Q3 update
The US Equity Growth Team reflects on recent performance, portfolio changes and market developments.
Positive Change Q3 update
The Positive Change Team reflects on recent performance, portfolio changes and market developments.
Emerging Markets Q3 update
The Emerging Markets Team reflects on recent performance, portfolio changes and market developments.
China Q3 update
The China Team reflects on recent performance, portfolio changes and market developments.
ESG: beyond the growing pains
Why considering environmental, social and governance factors helps us pursue long-term returns.
Joiners’ mate
Iain McCombie on how Howdens’ kitchens won the building trade’s trust.
Finding China’s A-share jewels
The country’s domestic markets are rich in companies with the know-how to become global leaders.
Three climate change scenarios
Considering different ways global warming and a transition to new energy sources might occur.
Disruption Week 2023
Glimpse a universe of opportunity at Baillie Gifford’s Disruption Week in November 2023.
What is private company investing?
Discover what private company investing is, and why our decades of institutional knowledge of exceptional growth companies gives us an advantage.
Stock story: Kering
Find out what makes luxury fashion conglomerate Kering stand out from the competition.
What does Moderna do?
Learn how the Boston-based life science company is disrupting the drug development industry.
The secrets of enduring growth
Toby Ross reveals the four signs that a company’s growth might endure for decades.
Change as a growth driver
We live in changing times. And that will create opportunities for long-term growth investors.
Growth investing across decades
Mark Urquhart discusses the science and art of picking growth stocks with enduring potential.
Adapting to survive – and thrive
Using a fighter pilot’s business strategy can help a company orient itself amid change.
Positive Change Impact Report 2022
If impact and investing go together, it is important to understand the difference we make.
Stock stories: Climeworks
Climeworks, the company using innovative technology to capture and store CO2 underground safely, measurably and permanently.
Multi Asset quarterly update
James Squires reflects on the current environment influencing Multi Asset portfolios.
Navigating a turbulent Turkey
Turkey may be volatile, but there’s opportunity in currency forwards and competitive companies
The real deal in property
In a challenging environment, discover a European property sector company bucking the trend.
Global Income Growth Q2 update
The Global Income Growth team reflects on recent performance, portfolio changes, and market developments.
International Alpha Q2 update
The International Alpha team reflects on recent performance, portfolio changes, and market developments.
Strategic Bond Q2 update
The Strategic Bond team reflects on recent performance, portfolio changes, and market developments.
International Concentrated Growth Q2 update
The International Concentrated Growth team reflects on recent performance, portfolio changes, and market developments.
Long Term Global Growth Q2 update
The Long Term Global Growth team reflects on recent performance, portfolio changes, and market developments.
Global Alpha Q2 update
The Global Alpha team reflects on recent performance, portfolio changes, and market developments.
Health Innovation Q2 update
The Health Innovation team reflects on recent performance, portfolio changes, and market developments.
US Equity Growth Q2 update
The US Equity Growth team reflects on recent performance, portfolio changes, and market developments.
International Growth Q2 update
The International Growth team reflects on recent performance, portfolio changes, and market developments.
Emerging Markets Q2 update
The Emerging Markets team reflects on recent performance, portfolio changes, and market developments.
International All Cap Q2 update
The International All Cap team reflects on recent performance, portfolio changes, and market developments.
China Q2 update
The China team reflects on recent performance, portfolio changes, and market developments.
Sustainable Growth Q2 update
The Sustainable Growth team reflects on recent performance, portfolio changes, and market developments.
Positive Change Q2 update
The Positive Change team reflects on recent performance, portfolio changes, and market developments.
UK Equity Core Q2 update
The UK Equity Core team reflects on recent performance, portfolio changes, and market developments.
Eating better to save ourselves
Tim Spector and Henry Dimbleby on what our diet says about our health and the health of the planet.
What does Northvolt do?
Learn how the Swedish battery company Northvolt is driving change in the EV industry
Why now for multi-asset investing
Who benefits from the new macro environment? Why multi-asset investing remains a viable option.
Actual investing: the test of time
Stuart Dunbar reflects on the long-term case for Actual investing.
Making health insurance manageable
How Elevance Health uses its scale to smooth a path through the US health system’s maze.
Moderna’s new challenge
The mRNA technology behind the Covid vaccine is being directed against other diseases.
Discovery: a view from the frontiers
Baillie Gifford’s Global Discovery Team reflects on the lessons of turbulent times.
Asia ex Japan manager update
Roderick Snell and Qian Zhang discuss current views and portfolio positioning for the Asia ex Japan Strategy.
Climate change innovators
How Positive Change targets companies at the forefront of tackling carbon emissions.
China A Shares: in conversation
Investor Sophie Earnshaw explains how we navigate China’s complexity to boost growth potential.
Why the long-term matters
There’s safety in being one of the crowd but it could stop you from seeing potential rewards.
Indonesia powers a green transition
The island nation’s natural wealth makes it crucial to a low-carbon future.
Finding Brazil’s social innovators
Ed Whitten travels to Rio de Janeiro and São Paulo to meet companies seeking social impact.
Multi Asset quarterly update
Scott Lothian explains how Multi Asset is riding out the ups and downs of market volatility.
The changing face of growth
By investing in companies at the frontiers of structural shifts we can pursue fantastic returns.
From Y to Z: Japan’s online powerhouse
How Yahoo! Japan and Z Holdings' conquest of the country’s internet realm unfolded.
Adyen: pioneer of payments
The Dutch firm making everyday payments fast and friction-free.
Positive Change Q1 update
Positive Change Team reflects on recent performance, portfolio changes, and market developments.
Global Alpha Q1 update
Global Alpha Team reflects on recent performance, portfolio changes, and market developments.
Long Term Global Growth Q1 investment update
Long Term Global Growth Team reflects on recent performance, portfolio changes, and market developments.
Sustainable Growth Q1 update
Sustainable Growth Team reflects on recent performance, portfolio changes, and market developments.
US Equities Q1 update
US Equities Team reflects on recent performance, portfolio changes, and market developments.
Emerging Markets Q1 update
Emerging Markets Team reflects on recent performance, portfolio changes, and market developments.
International Growth Q1 update
International Growth Team reflects on recent performance, portfolio changes, and market developments.
International Alpha Q1 update
International Alpha Team reflects on recent performance, portfolio changes, and market developments.
International All Cap Q1 update
International All Cap Team reflects on recent performance, portfolio changes, and market developments.
The sustainability revolution
Positive Change’s Kate Fox on thinking about the world in 2050 to spot opportunities today.
International Concentrated Growth Q1 update
International Concentrated Growth Team reflects on recent performance, portfolio changes, and market developments.
Recursion Pharmaceuticals: finding new drugs using data science
How Recursion Pharmaceuticals is using AI to turn the hunt for new medicines on its head.
Rethinking renewables
Research suggesting faster-than-expected adoption has far-reaching consequences for investors.
Japan’s place in the chip market
The Japanese semiconductor companies set to benefit from the rise of 5G and electric cars.
20 years of International Growth podcast
Through two decades of change, our strategy has prospered by sticking to its philosophy of patience and optimism.
Climeworks: fighting global warming
Climeworks helps us remove CO₂. We invest in it because we think it can combat climate change.
Ocado’s robot revolution
The UK firm partnering with leading grocers to deploy its automated warehouses worldwide.
AI Superpowers
Renowned investor Kai-Fu Lee revisits his prophetic book, five years on.
Positive Conversations 2022
We don’t just talk to managements, we listen. A snapshot of Positive Change’s ESG conversations.
Denali Therapeutics: rising to the challenge of brain disease
Developing brain disease drugs is hard, but this company’s early results suggest it can succeed.
Four questions for growth investors
Investors must find companies with the key qualities needed to thrive in a stormy economy.
Sustainable growth: an introduction
ESG investing is broken. Changing our approach could open up opportunities for better returns.
Positive Conversations 2022
Responsible business practices are fundamental to delivering sustainable long-term growth and addressing global challenges.
Why small is big in Japan
Praveen Kumar on the lesser-known players thriving in the shadow of the country’s big brands.
LTGG investor update – January 2023
LTGG’s Stewart Hogg and Gemma Barkhuizen on volatility, business culture, and the long-term view.
Nothing lasts forever
Why international equity markets shouldn’t be forgotten.
Teleportation: just a Zipline away
Zipline delivers instantly, whether that’s blood in Rwanda or rotisserie chicken from Walmart.
MercadoLibre: a lesson in innovation
Investment manager Lawrence Burns talks to MercadoLibre’s CFO Pedro Arnt.
Sustainable investing in the health sector
The Health Innovation team on ESG, the future of medicine and making a positive global impact.
Making sense of the metaverse
Author Matthew Ball on the next-generation internet and the companies building its foundations.
Japan Growth: Asia’s resurgence
Despite the turbulence of last year there are reasons to be optimistic about Japanese companies.
Re-awakening utilities
Utility companies which can adapt to climate change and the shift to renewables bring the best chance of returns.
Japan: setbacks or permanent change?
Our investors’ job is to tell the difference between passing phases and deeper behavioural shifts.
Beauty secrets: sharing Shiseido’s story
Masahiko Uotani, CEO of the Japanese cosmetics giant, discusses its profitable makeover with Iain Campbell.
Global Alpha Research Agenda 2023
How can we invest in quality companies with the potential to generate sustainable returns in a changing market?
Resilient growth for the long term
Why long-term growth firms such as battery-maker Albemarle and data aggregator Experian are the ones to watch.
Insights: investment research in Japan
Japan’s cultural landscape is changing, with implications for companies like Shiseido, CyberAgent and PayPay.
What’s next for growth stocks?
Baillie Gifford’s Dave Bujnowski explores the new engines powering progress.
Asia and energy transition
Exploring the emerging energy opportunities in Asia.
China’s changing automotive landscape
The rise of EVs spells opportunity for supply chain providers, from battery makers to semiconductor foundries
AI: Frightening or fascinating?
Investors discuss how AI software could transform healthcare, advertising, manufacturing and more.
ASML: advancing chips to new limits
The Dutch firm driving progress by making it possible to create more intricate computer chips.
Asia ex Japan: Portfolio manager update
Client director Andrew Keiller and investment manager Roderick Snell discuss the firm’s latest views on investing in the Asia ex Japan region.
Chip War
How semiconductors bring a competitive world together.
A dose of innovation
Your money or your health. Marina Record asks if society is ready to pay for health innovation.
UK equities: Home focus
Companies solving big problems in healthcare, fintech and AI, are proving the UK is an exciting place to invest.
The dawn of artificial intelligence
How AI is disrupting all kinds of industries, creating investment opportunities in its wake.
Disrupting heart disease
Rose Nguyen on the companies seeking to overcome the scourge of heart disease.
Japan trip reflections
Less foreign visitors, more cashless payments. Donald Farquharson reflects on post-Covid Japan
Solving the antimicrobial crisis
If we don’t tackle the AMR crisis now, it could be the world’s biggest killer by 2050.
Positive Change update
Investment manager Lee Qian and investment specialist Rosie Rankin discuss the positive change portfolio.
Nintendo: investing in the home of Mario
Why Fusajiro Yamauchi’s business remains a fascinating opportunity for growth investing.
Seizing advantage in EM bonds
Extreme price movements in EM bonds bring potential for high returns, so investing in them could bring rewards.
A theory of radical change
Why a ‘deep transition’ may have started to deliver a more sustainable age.
Multi Asset quarterly update
Investment manager Scott Lothian reflects upon the recent drivers of performance across investment markets, how the current environment is influencing investment decisions, and the key risks and opportunities for the Multi Asset portfolio.
Rethinking where growth comes from
Partner Dave Bujnowski offers a radical new perspective on the disruptive ‘engines’ powering today’s growth.
Japanese Equities update
Fund manager Matthew Brett and investment specialist Thomas Patchett discuss growth investing in Japan.
Europe: why now?
Chris Davies is joined by Thomas Hodges to discuss why he sees reasons for optimism in European equities, and why he believes now is the time to start paying attention.
Health Innovation: an update with the managers
Join Health Innovation Portfolio Managers as they provide an update on the strategy with Investment Specialist, Jack Torrance.
Creating impact
How the Positive Change Strategy backs firms tackling social and environmental challenges.
Tapping global brainpower
How Baillie Gifford’s mutually beneficial network of academic connections makes us see the world differently.
A simple theory: Einstein’s lesson for investors
Einstein observed that simple is best. Robert Baltzer explains why this is true for investing.
Small islands, lots of energy
How Orkney’s renewable energy projects can inform our investment choices.
Defining impact
The US Equities team discuss ESG and effective growth investing.
Snippets from the archives
Key insights from the International All Cap Strategy picked from the past 30 years.
Shimano: our strategy in one stock
How the cycle parts maker symbolises the kind of firms International All Cap is looking for.
Growth flows
Tracking our pursuit of growth companies over time.
Investing in ingenuity
Milena Mileva on picking International All Cap’s future winners.
Forging a fund
How relationship building, performance and tales of Scotland helped establish our international funds.
A decade of discovery
A focus on growth and innovation has led to exciting finds such as Tesla and Ocado.
Transforming the future of healthcare
Supporting companies with the potential to transform the field of healthcare and generate attractive returns.
Sustainable Growth Sustainability Report
The Sustainable Growth team on climate change, carbon emissions and sustainable growth companies.
Cultivating change in the meat industry
Demand for meat is growing, but traditional production is costly. Could in vitro agriculture be our panacea?
Positive Change Impact Report: 5th Year 2021/22
The Positive Change Team’s latest impact report, covering our activity over the last five years and plans for the future.
Responsible Global Equity Income webinar
In the context of high inflation and market volatility, portfolio managers James Dow and Toby Ross discuss current views and explain how focusing on long-term income growth remains critical to facing these challenges.
Reaching for resilience
Positioning for the long term and backing resilient companies can offer strong yields – even in troubled times.
Why are Swedish companies world leaders?
Sweden tops the charts for original thinking, from family businesses to founder-run companies.
Digital Disruption and the future
Online infrastructures and digital developments in the education, energy, and transport sectors make for an exciting future.
The search for ‘jumper-stretching’ stocks
Tim Garratt considers how we value exciting businesses and reflects on what we lose when we fail to imagine.
Why patience matters
Endurance and imagination are key ingredients for quality growth investing.
Investing in decarbonisation
Spotting companies with potential in the renewables, energy storage and carbon reduction sectors.
China’s leapfrog shopping apps
Smartphone-centric retailers drive innovation.
Study guides
Academic partnerships that generate new ideas
What makes companies resilient to inflation?
Baillie Gifford’s Risk Team has been considering how firms can reduce their vulnerability to rising prices.
The fight for your free time
Disruptive change within the entertainment world creates a wealth of opportunity.
Why it’s not over for growth stocks
Growth stocks have crashed down to earth. Has growth had its day or will it come back stronger?
China’s energy paradox
How should you consider the country – carbon culprit or climate saviour?
Investment Stewardship
It’s not that we do ESG, but how we do it. The ESG Team list 2021’s key stewardship activities.
International Smaller Companies: Under the Radar
Part 6 - Alignment.
International Smaller Companies: Under the Radar
Part 5 - Insight.
International Smaller Companies: Under the Radar
Part 4 - Scalability.
International Smaller Companies: Under the Radar
Part 3 – Sustainability
International Smaller Companies: Under the Radar
Part 2 – Competitive Edge.
International Smaller Companies: Under the Radar
Part 1 - Opportunity
International Smaller Companies: Under the Radar
Introducing the Radar
Asia ex Japan: Portfolio Manager Update
Join Roddy Snell and Ben Durrant to discuss current views and portfolio positioning for the Asia ex Japan strategy and learn why we continue to believe this is the most attractive region globally for growth investors.
ESG v sustainability
The questions we should consider to avoid being led astray by ESG risk scores.
International Concentrated Growth: manager introductions
Radical companies may seem risky, but they’re building the future. Paulina McPadden, Spencer Adair and Lawrence Burns discuss how investing in firms with extraordinary potential is a simple approach to long-term wealth creation.
Impact, Ambition and Trust
If ESG scores are not the answer, how does Global Income Growth Team’s ESG approach measure up?
Resurgence of European ambition – Europe’s outliers
Join Stephen Paice, head of the Baillie Gifford European Equities team, as he discusses his research on the European companies that have increased in value 10x or more, delving into their history, common characteristics, and where they are likely to occur in the future.
How education escaped from the classroom
Online courses have upended the economics of education, Thaiha Nguyen explains.
US Equity Growth: webinar highlights
Investment Managers Tom Slater, Gary Robinson, Kirsty Gibson and Dave Bujnowski share their thoughts on the investment environment, explain why they believe there is scope for upside from here, and discuss their search for transformational growth companies.
The long view
The enduring power of Moore’s Law and other factors that might matter in the next decade of investing.
Emerging Markets: the possibilist
Understanding the difference between pessimism and possibility in Emerging Markets.
US Equity Growth Webinar: The Long View
Join Investment Managers Tom Slater, Gary Robinson, Kirsty Gibson and Dave Bujnowski as they share their thoughts on the investment environment, explain why they believe there is scope for upside from here, and discuss their search for transformational growth companies.
Smaller companies, big disruption.
How Baillie Gifford’s Smaller Companies Fund’s ‘radar’ picks up tomorrow’s game-changing growth businesses.
International All Cap – Consistency in uncertain times
Join Portfolio Construction Group Member, Joe Faraday and Client Service Manager, Andrew Daynes, as they discuss the importance of maintaining consistency in uncertain times.
India’s data-driven growth stocks
Baillie Gifford spots investment opportunities in a smartphone-transformed nation.
Reflections: A look back on Q1
The LTGG team consider recent performance and the long-term outlook for the fund.
China’s move to renewable energy
Solar power and cheap green energy makes for a promising future.
Up to speed with property
A growing digital economy means opportunities for those providing the real estate to support it, and a reliable income stream. Investment manager Jon Stewart tells us more in this instalment of the Actual Income series.
Positive Conversations 2021
Responsible business practices are fundamental to delivering sustainable long-term growth and addressing global challenges.
Why private companies matter more
SpaceX, Epic Games and Stripe: the list of the unlisted continues to grow. How can investors benefit?
Global Alpha 2022 Research Agenda
In their Research Agenda for 2022, the investment managers consider the benefits of deep work in helping them find growth opportunities.
European Equities Manager Update.
When the going gets tough, exceptional companies keep going. Stephen Paice on Europe’s best.
International Smaller Companies is growing up - a three-year anniversary.
Join Brian Lum, Charlie Broughton & Richard Gall as they reflect on the first three years of the Smaller Companies strategy.
International Growth Webinar Summary.
In this webinar summary, Nick Thomas and Christel Brodie, investment specialists, cover growth investing during difficult periods and highlight the long-term growth drivers in the International Growth portfolio.
A dream within reach
New technologies, plummeting costs and our own changing behaviours all promise progress in the energy transition– just don’t expect it to come in a straight line.
International Growth: A conversation with the portfolio management team.
Nick Thomas hosts a discussion of the investment landscape with his Portfolio Construction Group colleagues, Tom Coutts and Julia Angeles.
Actual ESG
Investing in great growth companies to make a big difference.
Long-term investing and market volatility.
James Budden on holding your nerve through short-term setbacks and supporting exceptional growth companies.
A private companies approach to ESG
The special considerations at play when we invest in high-growth, late-stage unlisted firms.
US Equities: manager insights
Gary Robinson, investment manager at Baillie Gifford, responds to questions on inflation and valuation.
Long Term Global Growth: Team evolution
Scott Nisbet interviews the Long Term Global Growth decision-makers discussing volatility, inflation, interest rates, China and portfolio holdings: Roblox, SEA, Moderna and Coupang.
Growth or value: it’s not a black or white choice
Operational performance is a better indicator of growth than inflation. Malcolm MacColl shares why.
ESG collaborations
Looking before we leap into industry initiatives.
Sustainable companies, global challenges
Learn about the up-and-coming sustainable companies radically shaping a more prosperous future.
Riding Growth Waves Webinar.
Good investing takes quick reactions as well as a long-term vision.
The university shaping global tech
Why so many tech founders and CEOs have emerged from the Indian Institutes of Technology.
Responsible Global Equity Income.
Toby Ross and Diane Esson reflect on the past three years of the Responsible Global Equity Income Strategy.
ESG data: Filling in the gaps
LTGG is making efforts to improve environmental, social and governance metrics.
Global Income Growth
Some people look at life as sustaining the now, while sowing the seeds for a better tomorrow. Global Income Growth think the same way. In this film we explore their philosophy and how when searching for a lifetime of income, they choose growth.
Glasgow Climate Pact
For Global Stewardship, climate opportunities go hand in hand with climate challenges
Rules of the game
Regulation and what we look for in companies’ responses.
The ‘S’ of ESG: intangible value
ESG experts Marianne Harper Gow, Ed Whitten and Abhi Parajuli talk about the Social aspect of ESG in the context of investing.
We need to talk about inflation.
Central banks may find it hard to tackle price rises, requiring fine-tuning to fund strategies.
China: Missing a Paradigm Shift.
Investment manager Sophie Earnshaw shares her latest thoughts on investing in China.
Four decades of lessons
Japan’s ability to anticipate technological change should see it through the ups and downs to come.
What’s a business for?
Today’s investment managers should support companies doing the most to benefit society.
Island Time.
Torcail Stewart wants those who are investing in bonds to slow down and take some tips from island living.
Resilient income, time after time
Planning for future income demands preparation for an unknown tomorrow. In this film we explore the philosophy of Sustainable Income and how they are seeking real income, time after time.
Towards Net Zero: Reflections on COP26
Tim Garratt, Michael Pye and Caroline Cook reflect on the investment implications of arguably the most significant meeting of world leaders this millennium, COP 26.
Investing in Japan: What’s changed and what’s next?
Over four decades Japan has seen 21 prime ministers come and go. Exporters such as Toyota and Toshiba have flourished but the country has also struggled with debt and deflation. Matthew Brett, investment manager, discusses what’s next.
Actual Income: We need to talk about inflation
When discussing investing, it's hard not to hear concerns surrounding inflation. Watch this webinar recording to hear some of the thoughts and opinions on this hot topic direct from five of our fund managers.
Tomorrow’s world, here today
Investing in private companies applying today’s early-stage tech to create tomorrow’s world.
The Biological Revolution
The use of information science to unlock biology is revolutionising our health and wellbeing.
The real case for China
Willingness to change gives Chinese firms an innovation advantage.
How to surf the waves of growth
Good investing takes quick reactions as well as a long-term vision.
Smarter insurance for a less risky future
The insurance industry is being transformed by technological change – from drones to driverless cars. Duncan Sutherland considers how this will shape the future.
Joining forces to achieve net zero.
Baillie Gifford signs up to an asset managers initiative as COP26 begins.
Mapping Veganville
Can plant-based foods save the planet? Investment manager Brian Lum explores changing attitudes.
Healthcare’s biotech revolution
A convergence of technologies is paving the way for advances in our understanding of biology.
The future of transport
Electric cars on the road and flying taxis in the air will change the way people commute and live.
The switch to sustainable food
Plant-based proteins, hi-tech tractors and vertical farms are set to disrupt agriculture.
Digital payments in a cashless future
Disruptive fintechs are paving the way to a world without physical money.
Inside and out
A focus on diversity and inclusion can result in competitive advantage.
Harnessing growth for the next decade
Investment manager Malcolm MacColl and Senior Governance and Sustainability Analyst Kieran Murray outline believed growth drivers and the development of Global Alpha’s ESG process.
Highlights Video: Harnessing growth for the next decade
Watch the highlights from the recent Global Alpha webinar: Harnessing growth for the next decade.
IDEAS Conference 2021.
With a focus on the future of mobility, the speakers discuss the ideas that will shape the way we live and work, and the companies that will drive disruption and innovation.
A conversation about sustainability
Our long-term investors know that investing sustainably is a plus for value creation.
A shot in the arm.
Moderna’s mRNA vaccines are all set to become the cornerstone of an efficient health system.
China’s gen Z+
How the digital natives’ wants and needs create opportunities for forward-thinking Chinese companies.
Lessons from Bessembinder
What a US academic taught us about the companies that outperform.
India’s ‘missing’ female workers
Women dropping out of employment should weigh on investors’ minds.
Supporting ESG improvers
Investors can have the most impact by focusing on sustainability laggards, not leaders.
Misguided metrics
Why emerging markets firms struggle to get high ESG scores
Time travel investing
Evaluating emerging market stocks by taking a mental leap into the future.
Looking back going forward
In this edition of Looking Back Going Forward we explain how environmental, social and governance (ESG) considerations have been deeply embedded in our Long Term Global Growth strategy.
ESG metrics can be ‘dangerous rubbish’.
Baillie Gifford’s James Anderson warns of the risks of ill-defined sustainability metrics.
Long-Term Return Expectations update.
Decarbonisation and baby boomer spending are set to drive asset prices over the years ahead.
An appetite for ordered chaos.
Why loosening control can help companies become more innovative.
Constructive Dissatisfaction: A conversation with the International Growth Team.
Nick Thomas is joined by James Anderson and Tom Coutts to discuss the current investment landscape and the evolving situation in China.
US Discovery: an American voyage into the future
Baillie Gifford launches a new offering seeking out America’s most entrepreneurial new companies.
Climate Change: Risk or Opportunity?
Alicia Cowley, member of the Asia Client Service Team, is joined by ESG specialists Marianne Harper Gow and Michelle O’Keefe to discuss the burning question: Does climate change pose a risk to investment returns or are we able to identify investment opportunities in this area?
Modern-day Explorers.
Our international investors are explorers: which of the disruptors and innovators will deliver?
How do we save a planet? Paulina Sliwinska invests in the companies tackling climate change.
Disruption Week: Investing in Firms Shaping the World of Tomorrow
From futuristic wireless technology to healthcare innovation and new forms of food production, the Long Term Global Growth Team’s investment manager Michael Pye considers the advances that may define life in 2040.
Will the climate crisis response alter asset class returns? The Multi Asset Team investigates.
Clusters, Computers and Classic Rock
Find out why small companies are one of the richest hunting grounds for long-term growth investors.
Economist John Kay and investment manager James Anderson discuss how changing attitudes to known unknowns could make us better investors.
Staying focused in frantic times
In the midst of the pandemic, do Mercado Libra and Avantor's bond offer long-term value?
Hyper-connected Networks
What’s left of exception growth companies? With the internet and the cloud, the sky’s the limit.
The past is a foreign country
High yield today might not mean resilient yield tomorrow for Emerging Market debt. Theo Holland reveals how Indonesia turned raw potential into a pathway for sustainable growth.
How harnessing chaos can make companies more nimble
Chaos is often associated with a failure of leadership. Gary Robinson, partner in the US Equities Team, argues that the best bosses don’t resist disorder but channel it to create ‘chaordic organisations’ in which innovation thrives.
Mind the Gap: Going on a De-risking Journey
Baillie Gifford’s multi asset funds aim to provide maturing pension schemes protection from whatever economic weather may arise.
Strategy Overview.
A brief summary of Baillie Gifford’s beliefs, purpose and strategy.
What Picasso can teach us about investing
Investment Specialist Christel Brodie speaks to Tom Coutts, Investment Manager on Baillie Gifford’s International Growth Strategy, about his recent thought piece ‘What Picasso can teach us about investing’.
Actual Income
Client Director Jan Oliver hosts a webinar on Baillie Gifford’s Income solutions. She is joined by James Dow, Torcail Stewart and Steven Hay, investment managers on our Global Income Growth Strategy, our Strategic Bond Strategy and our Multi Asset Income Strategy respectively.
The future is now, and it works
Innovation is the name of the game. Investment manager Torcail Stewart shares his enthusiasm for the growth companies of the future that we own the bonds of today.
High Yield Bond
In a world full of noise and excessive choice, it helps to see things from a different perspective. In this film we explore the philosophy behind High Yield Bond and how seeking resilience is time well spent.
Highlights Video - The Small-Cap Effect: An Existential Debate.
This short video summaries the highlights from a recent webinar in which Richard Gall, Steve Vaughan and Brian Lum, members of the International Smaller Companies Portfolio Construction Group, discusses the small-cap effect, the team structure, and the investment approach to finding exceptional smaller companies.
Japan's digital transformation
Unique to itself and often surprising, the digital transformation of the world’s third largest economy offers exciting new openings for investors, writes Donald Farquharson, head of Baillie Gifford’s Japanese equities team and Thomas Patchett, Japanese Equity Specialist.
The Small-Cap Effect: An Existential Debate.
Richard Gall, Steve Vaughan and Brian Lum, members of the International Smaller Companies Portfolio Construction Group, discuss the small-cap effect, the team structure, and the investment approach to finding exceptional smaller companies.
Strategic Bond.
Thinking about long-term income means thinking about what ‘can be’, not what ‘is’. In this film we explore the philosophy behind Strategic Bond and how, when it comes to income, there’s no time like the future.
What Picasso can teach us about investing
Cubism changed art by depicting objects from multiple perspectives. Investors can learn from this approach by looking beyond the narrow confines of the financial industry and seeking a wide range of viewpoints rooted in the real world, argues Tom Coutts, partner at Baillie Gifford.
Positive Change - It's Not Obvious
Positive Change invests in businesses that can help solve global challenges. But, as Kate Fox explains, the impact that some of the most influential companies have on daily lives is hidden from view.
The responsible approach to ESG investing
Is our approach to environmental, social and governance (ESG) issues doing more harm than good? Stuart Dunbar, partner at Baillie Gifford, calls for investors to stop counting and start thinking.
Investing in growth pays dividends
What does a high dividend yield actually tell you? Seb Petit explains why it’s important to bring a growth mindset to income investing.
Global Alpha Paris-Aligned
The Global Alpha Paris-Aligned portfolio offers a pathway for clients to align their assets with the objectives of the Paris Agreement. Here, we provide some background to the Paris Accords and outline how we aim to implement its objectives.
On the grid
David McIntyre and Calum Holt summarise their thoughts on the potential transformation of the European energy industry and how this is being embraced in our Multi Asset funds.
Active Investment: Fuelling the Energy Transition
In this webinar, Product Specialist Alasdair McHugh talks to Caroline Cook, Senior Analyst in the Governance & Sustainability Team, about active investment, the energy transition, where we are now and how far we need to go.
Breaking the biotech model
Could the messenger RNA vaccines deployed against Covid, help fight cancer and other diseases? After a year of crisis, Julia Angeles, co-manager of Baillie Gifford’s Health Innovation Fund, looks at the positive signs.
From crisis to opportunity
We call our methodology long-term income, not short-term yield. In this paper we share our experience of picking stocks using this growth-focused approach. We explain why we think the best is yet to come for this approach. And we highlight three simple questions we ask of any company when picking stocks for our income-growth portfolio.
Interview with our Japanese researchers
Donald Farquharson, head of the Japanese Equity Team at Baillie Gifford, speaks to Japan-based strategy researchers Akiko Hirai and Satoko Ishino.
The future of mobility - Part 2
A wave of revolutionary new technologies is set to transform the way we travel from A to B. In this short series, Thaiha Nguyen, a Baillie Gifford investment manager, takes an in-depth look at the business of personal transport on the brink of change.
The future of mobility – Part 3
A wave of revolutionary new technologies is set to transform the way we travel from A to B. In this short series, Thaiha Nguyen, a Baillie Gifford investment manager, takes an in-depth look at the business of personal transport on the brink of change.
The future of mobility - part 4
A wave of revolutionary new technologies is set to transform the way we travel from A to B. In this short series, Thaiha Nguyen, a Baillie Gifford investment manager, takes an in-depth look at the business of personal transport on the brink of change.
The future of mobility – Part 1
A wave of revolutionary new technologies is set to transform the way we travel from A to B. In this short series, Thaiha Nguyen, a Baillie Gifford investment manager, takes an in-depth look at the business of personal transport on the brink of change.
What I've learned In four decades of investing
His career spanned big changes in investment – and in the fortunes of Baillie Gifford. Charles Plowden, joint senior partner and manager of Monks Investment Trust, looks at the opportunities ahead.
Are You Investing In The Right Europe?
Client Director Stuart Dunbar is joined by Stephen Paice, Head of the European Equity Team and Moritz Sitte, portfolio manager of our European funds, to discuss the question ‘Are you investing in the right Europe?’.
Highlights video: beyond the great dividend crisis
In this recording, Investment Specialist Seb Petit highlights the main takeaways from a recent webinar with James Dow and Toby Ross, co-heads of the Global Income Growth Team. Dow and Ross outline how a long-term approach and a growth mindset helped them navigate the great dividend crisis of 2020.
Actual ESG
The logic of long-term investing means that companies harming the planet and its people will ultimately be losers.
Humans, a growth species
On the back of humanity's innate ability to innovate, invent and improve, Hamish Maxwell is reminded of why growth investing yields such promise over the long-term.
Global Alpha research agenda
In this year’s Research Agenda, Global Alpha’s investment managers share their thoughts on how change can help shape the portfolio.
The roaring twenties
When we are caught up in the drama of the present, it can be hard to see the accelerated progress that accompanies it. With technology firmly in the driving seat, Scott Nisbet explains why he sees a decade of growth ahead.
Highlights video: Long Term Global Growth webinar
Client Director Tatjana Evans-MacLeod highlights the most notable discussion points from the recent LTGG webinar, in which investment managers Mark Urquhart, Gemma Barkhuizen and Linda Lin discussed turnover, valuation, China, ESG, and capacity.
Navigating Change in US Equities.
In this webinar recording, US Equity strategy specialist Ben James talks to all four of the key decision makers in the US Equities Team, Tom Slater, Kirsty Gibson, Gary Robinson and Dave Bujnowski. The team explore the thought processes that have helped them navigate the challenge of maintaining a 5-10 year investment horizon during what has been a year of rapid change, followed by questions from attendees.
Why most things believed about investing are wrong
Investment manager Lawrence Burns shares the views of brilliant minds outside the industry that will reshape your view of what equity investing is all about.
Positive Conversations 2020
This document looks at the contribution of the Positive Change portfolio to society through its business practices and focuses on our approach to engagement with the companies owned on behalf of our clients.
Sustainable investing: Finding the innovative companies of the future.
Are there limits to economic growth? Will we run out of ideas? Investment manager Lee Qian explains why he’s confident innovation will create a more prosperous, sustainable and inclusive world.
Sustainable investing: finding the innovative companies of the future
Are there limits to economic growth? Will we run out of ideas? Investment manager Lee Qian explains why he’s confident innovation will create a more prosperous, sustainable and inclusive world.
Private companies overview
The artificial barriers between private and public companies are disappearing, but the investment world has not kept up. Investment managers Tom Slater, Chris Evdaimon, Peter Singlehurst and Rob Natzler discuss Baillie Gifford’s refreshing approach to investing in late-stage private companies.
The private opportunity
Companies no longer follow the traditional lifecycle from founding to IPO. Increasingly, they are remaining private for longer, supported by companies such as Baillie Gifford, and enjoying substantial growth before reaching public markets, as Robert Natzler explains.
Innovation: why it’s crucial for sustainability
Lee Qian, Investment Manager in Baillie Gifford’s Positive Change Strategy, tells us why we should harness innovation and economic growth to create a more prosperous, sustainable and inclusive world.
How Covid is changing the way we shop
The digital disruption of the high street accelerated during the pandemic. Baillie Gifford’s Moritz Sitte explores the innovative ways in which European retailers are reshaping the future of shopping.
Global Alpha – mental models highlights
Client director Jon Henry talks through the highlights of the recent Global Alpha webinar on ‘Mental Models’, a concept introduced earlier this year in the Global Alpha Research Agenda.
Looking back going forward
Twice a year we produce a Long Term Global Growth magazine called Looking Back Going Forward, which contains investment articles which we trust will be of interest. We are pleased to bring you the October 2020 issue
The great divergence between east and west
China has defied recession in 2020, but where to now? Investment manager Roderick Snell anticipates big things ahead.
Emerging Markets: coming of age
It’s time to stop looking in the rear-view mirror when it comes to emerging markets.
China - adjusting the lens
The future is inherently uncertain, but the acceleration of disruption, developments in innovation and shifts in consumption patterns will create winners and losers. China will play a critical role.
Living longer: can we afford it
More of us are living longer, staying healthier for longer and working for longer. What are the implications for investing and financing this longer life? Listen to Baillie Gifford’s Steven Hay to find out.
A gallery for growth
Much like an art curator, the role of the investment manager involves carefully selecting investments that will make a mark and grow in value over time.
Sensible nonsense
To stand the best chance of owning the winning companies of the 2030s, we should imagine how bizarre today’s ‘normal’ will seem when the next generation looks back.
Navigating noise
Navigating Noise, a video series brought to you by the Long Term Global Growth team, seeks to gather and share some of the thinking we find so valuable when investing for the long term.
Data, AI & Ethics.
Julia Angeles, investment manager on the Health Innovation Team, speaks to Claire Bell, former newspaper journalist and inquisitive researcher for Baillie Gifford. Angeles and Bell discuss the hot topics of data, artificial intelligence and ethics.
Scale as a service
Companies become more efficient as they grow. In the past, that involved big capital outlays and was bad news for challengers. However, as Gary Robinson explains, entrepreneurs can now rent the essential tools from cloud platforms, enabling them to compete more easily.
Global Alpha - 10 minutes with Helen Xiong
Ben Drury, client director, talks to Helen Xiong, an investor and soon-to-be key decision-maker for the Global Alpha strategy.
A shocking revelation: capitalism can power positive change
Everyone wants to make a difference, and capital thoughtfully and responsibly deployed is a powerful mechanism for change. In seeking out companies whose products and services are providing solutions to global challenges, we believe a proactive investment approach can also be the basis of attractive investment returns. Investment Managers Kate Fox and Lee Qian explain why positive change really matters.
Health Innovation: it’s time to rethink what the word ‘healthcare’ means
We are in an era of great convergence. The Health Innovation strategy seeks to support this era of change by looking out for innovative and pioneering companies that have the potential to bring substantial improvements to human health and healthcare systems.
Back to the future
This webinar has been prepared solely for the use of professional investors outside of the Unites States and is not for further distribution. Baillie Gifford takes no responsibility for the reliance on this webinar by any other person who did not receive this webinar from Baillie Gifford.
Positive Change in Challenging Times Webinar.
In this webinar, investment managers Kate Fox and Lee Qian speak to portfolio specialist Alison Cuthbert about the Positive Change strategy.
The Atlases of the modern economy
You can’t predict the future, but you can prepare for it by investing in those businesses that will help create it. Jenny Davis turns to history to provide some context as to why she believes the unsung heroes of the modern economy will be the titans of the future.
What's the Purpose of Investing?
Interview with Stuart Dunbar.
A View from the Midst of the Pandemic
Technological developments over recent decades mean reality has outpaced the science fiction of his youth since Mark Urquhart joined Baillie Gifford almost 25 years ago.
Positive Change Impact Report
For Full Year 2019, updating on contributions towards a more sustainable and inclusive world.
Tomorrow’s income aristocrats
Income investing has been shaken by the coronavirus, but how will this affect the dividend payers of the future? Baillie Gifford investment manager James Dow gives us a glimpse of the potential star performers of tomorrow.
What’s the purpose of investing
In our Short Briefings on Long Term Thinking podcast, Baillie Gifford partner Stuart Dunbar backs a return to the basics of investment.
US Equity Strategy – Manager Insights
Ben James gives an update on the positioning and activity of the US Equity portfolio.
Why this crisis favours growth stocks
Growth stocks have generally fared better than value stocks during the coronavirus pandemic, helping Scottish Mortgage Investment Trust during the worst of the stock market falls. In our podcast series, Short Briefings on Long Term Thinking Baillie Gifford partner Tom Slater explains why.
AI: Learning on the job
Dubbed the new electricity, artificial intelligence is intrinsic to the strategy and operations of many companies in the Long Term Global Growth portfolio.
Calm reflection during the amygdala hijack
In times of stress stock markets, like people, often revert to act now, think later. Tim Garratt advocates doing the opposite.
The Myth of the Marlboro Man.
Quitting tobacco and fossil fuels should no longer carry a wealth warning, writes Scott Nisbet.
Navigating a stock market crisis
Scott Nisbet tells Malcolm Borthwick what he’s learnt from previous crises, why he’s staying calm and why now’s the time to read Albert Camus.
Annual Business Update
Our annual business update 2020.
The Second Space Age
Fifty years after Apollo 11, can a fresh wave of innovation in space technology open new frontiers and promising investment opportunities? Investment manager, Luke Ward looks across the gulf of space and gives us his views.
Reasons to be optimistic about emerging markets
Investing in emerging markets is like Marmite. It divides opinion. Charles Plowden explains why he’s a fan in Baillie Gifford’s podcast Short Briefings on Long Term Thinking.
Income through a growth lens
Toby Ross shows how Baillie Gifford’s growth approach to income investing, starts from a very different philosophical position compared with our peers. Take a look from a different angle.
Governance in China: risk or opportunity?
Growing familiarity with China’s markets invites closer examination of governance at a country and corporate level. A company by company approach is vital to limit the risks and find the opportunities, writes Ben Lloyd.
When Milton met Billy
Shareholders seem to be obsessed with short-term profits. We aren’t. Scott Nisbet proposes an alternative path, where patience with the right companies is rewarded, and a less direct route to profitability can lead eventually to a more valuable outcome.
The shape of things to come
It’s essential to be realistic and keep the risk of over-optimism in check. But there’s plenty to feel positive about in emerging markets, says Tim Erskine-Murray, who offers an insight into the reasons for his unwavering enthusiasm.
Watsco - a cool investment
Investment manager Toby Ross discusses recent investment, Watsco.
Dominators vs disrupters - the future of industrial robotics
The big four incumbents in robotics are gearing up for a challenge. In a reshaping global industry, they are readying themselves for the march of the cobots.
The beauty of Japanese cosmetics
Investment manager, Praveen Kumar explains why the Japanese cosmetics industry is in a period of rapid growth and how it could be set to continue for the long term.
Learning from Academia
Our support of inquisitive people plays a crucial role in our investment research. Discover more in our academia anthology.
Corporate Scandals That Changed the Course of Capitalism
Civil society has increasingly questioned and challenged corporate behaviour and activity since the 1960s. This film documents a number of corporate disasters that have caught the public attention over the last 75 years, and have led to some profound changes.
Changing China
Ben Buckler explores the A share opportunity in China.
From universal rights to global goals
The 75-year backstory to responsible investment.
Positive Conversations 2019
An accompaniment to our annual Impact Report using a different lens to look at the contribution of the Positive Change portfolio to society.
Finding Europe's hidden champions
There are lots of reasons not to invest in Europe. Its economic growth is uninspiring and much of its stock index is made up of bureaucratic corporate dinosaurs. But beyond the negative headlines, there are still exciting investment opportunities to be found. They include potential tenbaggers – companies whose share price could increase ten-fold.
A case for growth
Growth investors have had a good decade. Dave Bujnowski explains why he remains convinced that, despite suggestions to the contrary, growth investors look set to enjoy more of the same over the coming years – provided they look in the right places.
The Hunt For European Tenbaggers.
Investment managers Moritz Sitte and Stephen Paice dispel the negative perceptions of the European market by discussing an exciting company which exemplifies the growth potential in Europe, and their investment strategy which aims to seek out European tenbaggers.
Space: the final investment frontier
Fifty years on from the first moon landing, entrepreneurs on the west coast of America are stepping up spending on space. To discuss how this new space race might impact investment, Malcolm Borthwick is joined by Luke Ward – space enthusiast and deputy manager of Edinburgh Worldwide Investment Trust and the Global Discovery Fund.
Will industrial biotech be the next manufacturing revolution
Industrial biotech companies can already produce synthetic spider silk and plant-based burgers that taste like meat. Future possibilities include timber produced from yeast. In the latest episode of Short Briefings on Long Term Thinking, Kirsty Gibson tells Malcolm Borthwick why she's fascinated by the opportunities of industrial biotech and its enormous investment potential.
Fashion retailers: the impact of online shopping
In the fourth episode of Short Briefings on Long Term Thinking, Malcolm Borthwick is joined by Milena Mileva to discuss how profound changes in consumer behaviour are changing the retail landscape both online and in bricks-and-mortar stores.
Bricks and clicks
With online companies currently dominating sales, it is widely expected that the need for tangible stores will continue to decrease, but Baillie Gifford has spotted a rise in forward-thinking companies who are utilising physical spaces to provide an innovative and interactive shopping experience.
The whole story
In Baillie Gifford we have a very different perspective on 2018, and hence the future, than the one you will be used to reading about.
The death of Alzheimer’s
As lifespans increase, more of us will inevitably encounter Alzheimer’s. Thankfully, new advances mean that we may be approaching a breakthrough in treating the disease. The Death of Alzheimer’s asks how Baillie Gifford can support this effort.
Graham or growth?
In his latest paper, James Anderson discusses Ben Graham’s book The Intelligent Investor, the seminal work on Value investing that remains as valid today as it did when he wrote it seven decades ago. James considers the author’s views and their implications for Growth investing in the current environment.
The differences between bond and equity investing
In the third episode of Short Briefings on Long Term Thinking, Malcolm Borthwick is joined by Lucy Isles, joint manager of Baillie Gifford's High Yield Bond Fund. Listen to the podcast to find out the three key deciding factors when choosing resilient high yield bonds and how engagement with companies can differ for bond and equity investors.
Should income investors go global
What are “the good, the bad and the unbelievably great” of global investing? In the second episode of Short Briefings on Long Term Thinking, Malcolm Borthwick is joined by James Dow to challenge the conventional wisdom that if you’re investing for a regular income you should stick with blue chip UK companies.
Why China?
Investment Manager Roddy Snell, in conversation with Malcolm Borthwick, goes behind some recent lurid headlines to find out what's really happening with the Chinese economy.
Let's Talk About Actual Investing
The task in hand is to remind our clients what investing actually means. Stuart Dunbar makes a passionate plea for 'actual' managers to demonstrate that we have our clients' best interests at heart.
Looking back going forward
Twice a year we produce a Long Term Global Growth magazine called Looking Back Going Forward, which contains investment articles which we trust will be of interest. We are pleased to bring you the October 2018 issue,
Aberration or Premonition.
If capturing extremes is the key to investment returns, James Anderson sets out how we can improve our chances of investing well. He highlights the exponential long-term trends in energy, healthcare and technology that he believes will be at the heart of a dramatic implosion of the old order and will become the cornerstone of the new.
The pursuit of extreme returns
The story of investing is really the story of the big winners, those exceptional companies that reshape our world and in the process reap the rewards. Lawrence Burns sets out how a long-term and patient approach to investment is necessary to identify those truly great companies that could drive extreme returns.
The unpopular case for active management
The active investment industry as a whole appears to have done a better job of enriching itself than adding value for clients. Is it worth defending? Stuart Dunbar thinks so.
Looking back going forward
Twice a year we produce a Long Term Global Growth magazine called Looking Back Going Forward, which contains investment articles which we trust will be of interest. We are pleased to bring you the April 2017 issue.
Swimming against the tide
Home to many of the world’s greatest companies, the United States should be the active investment manager’s dream. Not so for everyone, it seems. Swimming against the tide of passive and mediocre active investment strategies, Head of US equities Tom Slater endorses a genuinely active, long-term approach to investing in the American dream.
Does anyone remember what 'investing' actually means
Stuart Dunbar discusses the woes of what our industry has become alongside the potential opportunities presented by its somewhat over-evolved state.
An End to Cancer?
Investment manager Julia Angeles strikes an optimistic note as she explores some of the recent developments in healthcare, which one day she hopes will bring an end to cancer.
A long-term manifesto
Investment Manager Iain Campbell does not claim that Baillie Gifford’s investors are cleverer, have better systems or information, or that they work harder, travel further or construct more complex spreadsheets. Rather, he elaborates on an identifiable market inefficiency that our unusual structure and long-term philosophy allows us to exploit.
Longevity
With the lifespan of companies shrinking, pinpointing those companies that will endure matters. Investment Manager Mark Urquhart illustrates the power of compounding and the role special cultures and management play in increasing a company’s odds of longevity.
The truth will out: dispelling the myths of emerging market investing
The golden age for EM economic growth is over, but for some EM companies, the opportunity set may be far larger than anything that EM investors have seen to date. Investment Manager, Will Sutcliffe, dispels some of the common misconceptions surrounding EM investing and reveals why he continues to keep the faith.
Why growth, why now?
Tough times play to the partnership’s strengths: analysing what enables us to adapt and thrive amid rapid change.
December 2023
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Long-term vision
It takes time to achieve transformational change. So we invest in companies for years, even decades. And we support their leaders in making decisions that can deliver strong, sustainable returns to you.
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