- UK
Institutional investor
Overview
The Developed Asia Pacific Fund aims to outperform (after deduction of costs) the MSCI Pacific Index, as stated in Sterling, by at least 1.5% 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 Asia Pacific including Japan Sector.
In markets seduced by complexity, we believe in keeping things simple. We invest in what we believe to be the most competitive, innovative and efficient growth companies.
Performance & Portfolio
Periodic performance
All figures to 28/02/2025 6 Months
1 Year
3 Years
5 Years
Class B-Acc 1.3% 2.9% -0.1% 3.7% Index* 1.6% 4.4% 7.0% 7.3% Target Benchmark** 2.4% 6.0% 8.6% 8.9% Sector Average*** 2.3% 4.7% 1.1% 5.9% Sector Ranking 6/8 6/8 6/7 7/7 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 31 December each year Annual percentage return (updated quarterly)
Annual percentage return (Updated Quarterly) 31/12/2019
31/12/202031/12/2020
31/12/202131/12/2021
31/12/202231/12/2022
31/12/202331/12/2023
31/12/2024Class B-Acc 27.9% -2.0% -16.3% 0.1% 3.3% Index* 8.8% 3.8% -1.8% 9.1% 9.2% Target Benchmark** 10.4% 5.4% -0.3% 10.7% 10.9% Sector Average*** 27.2% 1.4% -11.6% 2.0% 6.1% Please bear in mind that past performance is not a guide to future returns. 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 Pacific Index.
**MSCI Pacific Index (in sterling) plus at least 1.5% per annum over rolling five-year periods.
***IA Asia Pacific Including Japan Sector.
Top ten holdings 28/02/2025
Fund % 1 United Overseas Bank 5.7% 2 Baillie Gifford Japanese Smaller Cos Fund 5.2% 3 SoftBank Group 4.2% 4 Recruit Holdings 4.1% 5 Sony 4.0% 6 MS&AD Insurance 3.5% 7 Hong Kong Exchanges & Clearing 3.5% 8 James Hardie Industries 3.3% 9 Techtronic Industries 3.2% 10 SBI Holdings 2.9% Total 39.6% Sector analysis of total assets 28/02/2025Fund %
- 1 Financials 20.69
- 2 Industrials 16.55
- 3 Communication Services 14.59
- 4 Consumer Discretionary 10.23
- 5 Information Technology 10.08
- 6 Health Care 8.62
- 7 Materials 7.41
- 8 Consumer Staples 6.58
- 9 Baillie Gifford Pooled Funds 5.15
- 10 Cash 0.10
- Total 100.00
Geographic analysis of total assets 28/02/2025Fund %
- 1 Japan 65.37
- 2 Australia 14.13
- 3 Hong Kong 10.20
- 4 Singapore 8.55
- 5 Others 1.66
- 6 Cash 0.10
- Total 100.00
As the fund invests in overseas securities, changes in the rates of exchange may cause the value of your investment (and any income it may pay) to go down or up.
As well as cash in the bank, this balance includes unsettled cash flows arising from both shareholder flows and outstanding trades. Therefore, a negative balance may arise from timing differences between shareholder flows and security trading, and does not necessarily represent a bank overdraft.
The information contained on this page is intended as a guide only and should not be relied upon when making investment decisions. Source Baillie Gifford & Co.
Please note that totals may not sum due to rounding.
Meet the Managers
Mirbahram Azimbayli
Mirbahram is an investment manager in the Japanese Equities Team. He is lead manager of the Developed Asia portfolios. He joined Baillie Gifford in 2018. Prior to joining the team, Mirbahram spent time working in the Global Alpha and Global Income Growth teams at Baillie Gifford. He graduated BSc in International Relations from the Middle East Technical University (METU) in 2016 and an MPhil in Russian and East European Studies from the University of Oxford in 2018.
Iain Campbell
Iain is an investment manager in the Japanese Equities Team. He is deputy manager of Developed Asia Pacific portfolios and is a member of the International All Cap Portfolio Construction Group. He became part of the International All Cap central desk in 2024. Iain has been a member of the Managed Team since 2014. He joined Baillie Gifford in 2004 and became a partner of the firm in 2020. Prior to joining Baillie Gifford, Iain worked for Goldman Sachs as an analyst in its investment banking division. He graduated BA in Modern History from the University of Oxford in 2000.
Fund Platforms
You can invest in our funds via a number of fund platforms, please see the links opposite.
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.
Fund Platforms
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
Enhanced disclosure document
Key investor information documents (KIIDs)
Philosophy and process documents
Quarterly investor reports
Shareholders rights directive
Sustainability-related disclosures and climate reports
Value assessment
Complaints
In the first instance, clients should contact their normal Client Contact with any concerns. Alternatively, or for those clients who do not have a direct client contact assigned, complaints can be emailed to Baillie Gifford’s Compliance Department at: InstitutionalComplaints@bailliegifford.com. A summary document which contains details on Baillie Gifford’s complaints management policy is available upon request. All material complaints are recorded in an in-house incident management system and are escalated to, and dealt with by, members of staff of suitable seniority, independent of the area from which the matter arose.
