Overview
The Long Term Global Growth Investment Fund aims to outperform (after deduction of costs) the MSCI ACWI, as stated in Sterling, by at least 2.5% per annum over rolling five-year periods. There is no guarantee that this objective will be achieved over any time period and actual investment returns may differ from this objective, particularly over shorter time periods.
The manager believes this is an appropriate benchmark given the investment policy of the Fund and the approach taken by the manager when investing. In addition, the manager believes an appropriate performance comparison for this Fund is the Investment Association Global Sector.
At Baillie Gifford, we ask ourselves one important question: ‘Where are the most exciting investment opportunities over the long term going to be?
Performance & Portfolio
Periodic Performance
All figures to 31/10/2024 6 Months
1 Year
3 Years
5 Years
Class B-Acc 9.1% 41.4% -5.5% 15.7% Index* 8.2% 25.9% 8.3% 11.7% Target Benchmark** 9.6% 29.1% 11.1% 14.5% Sector Average*** 4.4% 21.9% 4.1% 9.2% Sector Ranking 37/553 7/541 459/484 9/411 Figures for 3 and 5 years are shown as the annualised rate of return. This is the average yearly return over the specified period.
Annual Discrete Performance to 30 September each year
Annual percentage return (Updated Quarterly) 30/09/2019
30/09/202030/09/2020
30/09/202130/09/2021
30/09/202230/09/2022
30/09/202330/09/2023
30/09/2024Class B-Acc 93.9% 21.3% -38.1% 8.4% 28.0% Index* 5.7% 22.7% -3.6% 10.9% 20.4% Target Benchmark** 8.3% 25.7% -1.2% 13.7% 23.5% Sector Average*** 7.2% 23.2% -8.9% 7.8% 16.2% Please bear in mind that past performance is not a guide to future performance.
The value of your investment may go down as well as up, and you may not get back the amount you invested.
Source: FE, Revolution, MSCI. Total return net of charges, in sterling.
Share class returns calculated using 10am prices, while the Index is calculated close-to-close.
*MSCI ACWI.
**FTSE All World Index + 2.5% (in Sterling) over rolling five-year periods up to 29/06/2023; from 30/06/2023 MSCI ACWI + 2.5% (in Sterling).
These have been chain-linked for performance figures above.
***IA Global Sector.Top Ten Holdings - 31/10/2024
Fund % 1 NVIDIA 7.5% 2 Amazon.com 6.4% 3 Meituan 4.9% 4 The Trade Desk 4.3% 5 Intuitive Surgical 4.0% 6 Netflix 3.7% 7 PDD Holdings 3.7% 8 ASML 3.3% 9 MercadoLibre 3.3% 10 Adyen 3.3% Total 44.5% Geographic Analysis of Total Assets - 31/10/2024Fund %
- 1 North America 56.81
- 2 Emerging Markets 27.56
- 3 Europe (ex UK) 14.83
- 4 Cash 0.80
- Total 100.00
Total may not sum due to rounding.
Meet the Managers
Gemma Barkhuizen
Gemma is an investment manager and decision maker in the Long Term Global Growth Team and co-manager of the Global Outliers Strategy. She is also an advisor to Global Alpha. Gemma joined Baillie Gifford in September 2017, after graduating with a Masters degree in Modern History from Durham University. She also has degrees in History and Philosophy from Rhodes University in South Africa.
John MacDougall
John is an investment manager and decision maker in the Long Term Global Growth Team. He is also a member of the China A Share Portfolio Construction Group. John joined Baillie Gifford in 2000 and became a partner of the firm in 2016. Prior to his current roles, he worked in the North American, Japan and Global Discovery teams. John graduated MA in Ancient & Modern History from the University of Oxford in 2000 and is a CFA Charterholder.
Michael Pye
Michael is an investment manager in the Long Term Global Growth Team. He joined Baillie Gifford in 2013. He is also a CFA Charterholder. Michael graduated MA in Classics from the University of Cambridge in 2007 and gained a PhD in International Relations from the University of St Andrews in 2013.
Mark Urquhart
Mark is head of the Long Term Global Growth Team, which he co-founded in 2003. He joined Baillie Gifford in 1996 and became a partner of the firm in 2004. Prior to his current roles, he worked in the US, UK and Japanese equity teams. Mark graduated BA in Philosophy, Politics and Economics from the University of Oxford in 1992 and spent a year at Harvard as a Kennedy Scholar in 1993 before completing a PhD in Politics at the University of Edinburgh in 1996.
How to Invest
You can invest in our funds via a number of fund platforms, please see the links opposite. Information on the range of funds available through platforms can be found in our Platform Matrix.
Please note that we do not have the facility for you to invest directly with us in our Investment Trusts and we do not offer ISAs, SIPPS or Share Plans.
Please also note that we do not have an online service for individual investors.
Further information on our funds can be found in the relevant Key Investor Information and Prospectus Documents, which are available in English and will be sent to you free of charge on request.
Baillie Gifford does not sponsor, maintain or have any control over the content of any other websites. Therefore, we are not responsible for the adequacy or accuracy of any of the information you may view, nor do we undertake to ensure successful transmission to any linked website.
How to Invest
Getting Financial Advice
At Baillie Gifford we don’t provide financial advice, but we do try our best to provide you with all the information we think you might need to make investment decisions. Of course, we realise there are occasions when you may want the advice of an expert.
Using professional financial advice
An authorised intermediary can give you advice and help on how best to manage your financial affairs based on your circumstances and investment aspirations. They can also help keep track of all your different investment interests, saving you a lot of time and bookkeeping.
Finding a financial adviser near you
If you want to use an authorised intermediary, unbiased is a website that allows you to search for authorised intermediaries in your area. You can visit their site on www.unbiased.co.uk
Documents
You can access any literature about the Fund here, either by downloading or requesting a copy by post (where available).
To download any document you will need Adobe Reader. Please note that we can now provide you with Braille and audio transcriptions of our literature on request. It may take up to 10 days for the transcription to be completed dependent on the size of the document.
Application forms
Bulletins
Enhanced disclosure document
Interim reports
Key investor information documents (KIIDs)
Sustainability-related disclosures and climate reports
Value assessment
Risks
Investment markets can go down as well as up and market conditions can change rapidly. The value of an investment in the Fund, and any income from it, can fall as well as rise and investors may not get back the amount invested.
Custody
Custody of assets involves a risk of loss if a custodian becomes insolvent or breaches duties of care.
Emerging Markets
The Fund invests in emerging markets where difficulties in dealing, settlement and custody could arise, resulting in a negative impact on the value of your investment.
Concentration
The Fund’s concentrated portfolio relative to similar funds may result in large movements in the share price in the short term.
Foreign Currency
The Fund has exposure to foreign currencies and changes in the rates of exchange will cause the value of any investment, and income from it, to fall as well as rise and you may not get back the amount invested.
Volatility
The Fund’s share price can be volatile due to movements in the prices of the underlying holdings and the basis on which the Fund is priced.
Dilution
A dilution adjustment may apply when you buy or sell shares in the Fund. This is applied to the share price and may reduce the return on your investment.
Fees from Revenue
Where possible, charges are taken from the Fund's revenue. Where there is insufficient revenue, the remainder will be taken from capital. This will reduce the capital value of your investment.
Tax Rates
Tax rates and the tax treatment of OEICs can change at any time.
