Capital at risk
Pan Europe
Europe has no shortage of fantastic companies, it just takes a deeper look to find them.
These companies can typically grow revenues faster than peers, expand their profit margins, have sustainable competitive advantages and are managed by exceptional capital allocators. By investing in them, we hope to deliver long-term capital appreciation for our clients.
Europe’s most exciting companies
We don’t want to own a collection of slightly better-than-average companies, instead we aspire to own Europe’s ‘outliers’ – special companies that have the potential to return a multiple of our investment.
European equities: our philosophy
Investment manager Stephen Paice introduces European equities, reflecting on the exciting opportunities ahead.
Searching for the best opportunities
Our objective is to outperform the MSCI Europe ex UK Index by 2 to 3 per cent per annum over rolling five-year periods. We construct our portfolios according to where we think the best opportunities are, looking for the European outliers that we believe have significant potential.
We are focused on investing for the longterm. All our thinking about stocks is based on what we think might happen over the next five-10 years because outsized returns generally don’t happen overnight.
Standing out from the crowd
We do not construct our portfolios in relation to the benchmark. As a result, we typically have a very high active share and look different to many of our peers. We think this gives us the best chance to deliver on our performance objectives for clients.
We construct portfolios of 30-50 companies that we think have large growth opportunities.
We know that a small number of companies tend to drive market and portfolio returns, but you have to be patient for compounding to work its magic.
Meet the managers
Documents
Philosophy and process
Explore our investment philosophy and the processes around how the team constructs the portfolio.
Quarterly update
Get the latest investment commentary, portfolio overview, transactions and performance information alongside governance engagement and voting.
Stewardship report
Find out about our conversations with portfolio companies, shareholder vote activity and consideration of environmental, social and governance matters.
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You can invest in this strategy through the following fund(s).
Explore further
Curious to learn more about our products and what we can offer you? Please get in touch.
Strategy portfolio holdings
A list of the top 10 holdings that the representative portfolio invests in.
All figures up to: 30 November 2024
| # | Holding | % of portfolio |
|---|---|---|
| 1 | DSV | 5.1% |
| 2 | Prosus | 5.0% |
| 3 | Games Workshop | 4.9% |
| 4 | Schibsted | 4.3% |
| 5 | Novo Nordisk | 4.2% |
| 6 | Reply | 3.8% |
| 7 | Topicus.com | 3.7% |
| 8 | Spotify | 3.5% |
| 9 | Hypoport | 3.1% |
| 10 | Ryanair | 3.0% |
Please note
The information contained on this page is intended as a guide only and should not be relied upon when making investment decisions. All holdings information is unaudited. Source Baillie Gifford & Co. Please note that totals may not add due to rounding.
Invest in this strategy
You can invest in this strategy through the following fund(s).
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Curious to learn more about our products and what we can offer you? Please get in touch.
Insights
Key articles, videos and podcasts relating to the strategy:
Filters
Insights
European Equities Q3 update
The European Equities Team reflects on recent performance, portfolio changes and market developments.
Future Stocks: Our best ideas in Europe
Thomas Hodges uncovers three of Europe’s hidden growth champions: Lonza, Topicus and Soitec.
European Equities Q2 update
The European Equities 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.
Moncler: from mountain to street
How the outerwear pioneer innovated its way into the fashion elite.
European Equities Q4 update
The European Equities Team reflects on recent performance, portfolio changes and market developments.
HelloFresh: changing how people eat forever
HelloFresh’s CEO explains the art and science of meal kit delivery at a global scale.
Why growth, why now?
Tough times play to the partnership’s strengths: analysing what enables us to adapt and thrive amid rapid change.
European Equities Q3 update
The European Equities Team reflects on recent performance, portfolio changes and market developments.
European Equities
Investment manager, Stephen Paice, discusses the Baillie Gifford approach to European Equities.
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.
Resurgence of European ambition
Head of European Equities Stephen Paice explains why investors should evolve their mindsets in order to capture the growth opportunity in Europe.
European Equities Q3 update
The European Equities 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.Future Stocks: Our best ideas in Europe
Thomas Hodges uncovers three of Europe’s hidden growth champions: Lonza, Topicus and Soitec.European Equities Q2 update
The European Equities 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.Moncler: from mountain to street
How the outerwear pioneer innovated its way into the fashion elite.European Equities Q4 update
The European Equities Team reflects on recent performance, portfolio changes and market developments.HelloFresh: changing how people eat forever
HelloFresh’s CEO explains the art and science of meal kit delivery at a global scale.Why growth, why now?
Tough times play to the partnership’s strengths: analysing what enables us to adapt and thrive amid rapid change.European Equities Q3 update
The European Equities Team reflects on recent performance, portfolio changes and market developments.European Equities
Investment manager, Stephen Paice, discusses the Baillie Gifford approach to European Equities.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.Resurgence of European ambition
Head of European Equities Stephen Paice explains why investors should evolve their mindsets in order to capture the growth opportunity in Europe.
Invest in this strategy
You can invest in this strategy through the following fund(s).
Explore further
Curious to learn more about our products and what we can offer you? Please get in touch.
How to invest in this strategy
You can invest in this strategy through the following fund(s).
Explore further
Curious to learn more about our products and what we can offer you? Please get in touch.
Important information
The information on this website is intended for institutional investors and accredited investors (as defined in the Securities and Futures Act, Chapter 289 of Singapore, as amended) and consultants in Singapore only. It is not intended for use by any other persons including members of the general public or investors from other jurisdictions.
The information contained in this website has been compiled with considerable care to ensure its accuracy at the date of publication. However, no representation or warranty, express or implied, is made to its accuracy or completeness. Nothing in this information or elsewhere in this website shall exclude, limit or restrict our duties and liabilities to you the United Kingdom's Financial Services and Markets Act 2000 or any conduct of business rules which we are bound to comply with. These Terms and any non-contractual obligations arising from or connected with them shall be governed by, and these Terms shall be construed in accordance with, the laws of Singapore.
Baillie Gifford Overseas Limited is wholly owned by Baillie Gifford & Co. Baillie Gifford Overseas Limited provides investment management and advisory services to non-UK clients. Both are authorised and regulated by the Financial Conduct Authority.
Baillie Gifford Asia (Singapore) Private Limited is wholly owned by Baillie Gifford Overseas Limited and holds a Capital Markets Services Licence from the Monetary Authority of Singapore to conduct fund management activities for institutional investors and accredited investors in Singapore. Baillie Gifford Asia (Singapore) Private Limited can be contacted at Singapore Land Tower, Level 46, Unit 4616-17, 50 Raffles Place, Singapore 048624.
This website is informative only and the information provided should not be considered as investment or other advice or a recommendation or offer to buy, sell or hold a particular investment. You can read details of our Legal and Important Information here.