- UK
Intermediaries
Overview
Edinburgh Worldwide offers shareholders a unique portfolio of publicly traded and private businesses operating at frontiers of technological innovation and transformation. The Trust is a global smaller companies specialist aiming to generate long-term capital appreciation by early access to emerging businesses with significant disruptive growth potential.
While the policy is global investment, the approach adopted is to construct a portfolio through the identification of individual companies which offer long-term growth potential.
Performance & Portfolio
Periodic Performance
All figures to 28/02/2025 1 Year
3 Years
5 Years
10 Years
Share Price 18.4% -23.7% -6.4% 96.4% NAV 8.2% -26.1% -3.7% 89.1% Index* 7.9% 18.2% 57.3% 139.5% Performance figures appear in GBP. The value of your investment may go down as well as up, and you may not get back the amount you invested.
NAV is calculated with borrowings deducted at fair value for 1, 3 and 5 years and par value for 10 years.
*Changed from MSCI AC World to S&P Global Small Cap on 01/02/2014. Data chain-linked from this date to form a single index.
Performance source: Morningstar and relevant underlying index provider(s), total return.
Please bear in mind that past performance is not a guide to future returns.
Discrete Performance
Annual Performance to 31 December each year 31/12/2019
31/12/202031/12/2020
31/12/202131/12/2021
31/12/202231/12/2022
31/12/202331/12/2023
31/12/2024Share Price 87.7% -21.0% -39.8% -10.9% 24.0% NAV 85.5% -17.4% -34.4% -4.8% 6.3% Index* 12.6% 16.4% -7.9% 9.4% 10.3% Performance figures appear in GBP. The value of your investment may go down as well as up, and you may not get back the amount you invested.
NAV is calculated with borrowings deducted at fair value for 1, 3 and 5 years and par value for 10 years.
*Changed from MSCI AC World to S&P Global Small Cap on 01/02/2014. Data chain-linked from this date to form a single index.
Performance source: Morningstar and relevant underlying index provider(s), total return.
Please bear in mind that past performance is not a guide to future returns.
Performance 28/02/2025Performance figures appear in GBP. The value of your investment may go down as well as up, and you may not get back the amount you invested.
Comparative Index is limited to a 5 year period from the current date.
Comparative Index changed from MSCI All Countries World Index on 01/02/2014 to S&P Global Small Cap Index. In the above graph the indices have been chain-linked to form a single index.
The graph has been rebased to 100.
Please bear in mind that past performance is not a guide to future returns.
Holdings - 28/02/2025
Fund % 1 Space Exploration Technologies 13.6% 2 PsiQuantum 7.9% 3 Alnylam Pharmaceuticals 5.2% 4 Zillow 4.0% 5 Axon Enterprise 3.4% 6 AeroVironment 3.0% 7 Doximity 2.7% 8 Oxford Nanopore Tech 2.5% 9 Kingdee International Software 2.0% 10 Upwork 2.0% Total 46.2% Active share 28/02/2025Relative to S&P Global Small Cap. Source: Baillie Gifford & Co, S&P.
Geographic analysis of total assets 28/02/2025Fund %
- 1 United States 74.80
- 2 UK 9.17
- 3 China 4.38
- 4 Israel 4.35
- 5 Japan 2.14
- 6 Brazil 1.09
- 7 Denmark 0.96
- 8 South Korea 0.90
- 9 Australia 0.86
- 10 France 0.46
- 11 Switzerland 0.26
- 12 Net Liquid Assets 0.62
- Total 100.00
As the Fund invests in overseas securities, changes in the rates of exchange may also cause the value of your investment (and any income it may pay) to go down or up.
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 sum due to rounding.
Insights
View all Insights.Meet the Managers
Douglas Brodie
Douglas is head of the Discovery Team and has led the strategy since its inception. He is a member of the Discovery Portfolio Construction Groups and also a co-manager of the Edinburgh Worldwide Investment Trust. He joined Baillie Gifford in 2001 and became a partner in 2015. He graduated with a BSc in Molecular Biology and Biochemistry from the University of Durham in 1997 and attained a DPhil in Molecular Immunology from the University of Oxford in 2001.
Svetlana Viteva
Svetlana is an investment manager in the Discovery Team. She is a member of the Discovery Portfolio Construction Groups and a co-manager of the Edinburgh Worldwide Investment Trust. She joined Baillie Gifford in 2012. She graduated with a BA in Economics and Business Administration from the American University in Bulgaria in 2008, an MSc in Investment Analysis in 2009 and a PhD in Accounting and Finance in 2012, both from the University of Stirling. She is a CFA Charterholder.
Luke Ward
Luke is an investment manager in the Private Companies Team and a co-manager for the Edinburgh Worldwide Investment Trust. He joined Baillie Gifford in 2012 and, prior to joining the Private Companies Team in 2024, was an investment manager in the Discovery Team. Luke graduated from the University of Edinburgh in 2012 with an MEng (Hons) in Mechanical Engineering.
How to Buy
Further information on the 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.
You can invest in our funds via a number of fund platforms. Information on the range of funds available through platforms can be obtained from platforms@bailliegifford.com
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.
Annual reports
Corporate governance
Factsheets
Fund ratings reports
Interim reports
Investment intelligence
Investor disclosure document
Other fund literature
Portfolio valuation
Portfolio voting disclosure
RNS announcements
Sustainability-related disclosures and climate reports
PRIIPs key information document
Risks
The investment trusts managed by Baillie Gifford & Co Limited are listed UK companies. The value of their shares, and any income from them, can fall as well as rise and investors may not get back the amount invested. The specific risks associated with the Trust include:
Currency
The Trust invests in overseas securities. Changes in the rates of exchange may also cause the value of your investment (and any income it may pay) to go down or up.
Private companies
Unlisted investments such as private companies, in which the Trust has a significant investment, can increase risk. These assets may be more difficult to sell, so changes in their prices may be greater.
Gearing
The Trust can borrow money to make further investments (sometimes known as “gearing” or “leverage”). The risk is that when this money is repaid by the Trust, the value of the investments may not be enough to cover the borrowing and interest costs, and the Trust will make a loss. If the Trust's investments fall in value, any invested borrowings will increase the amount of this loss.
Liquidity
Market values for securities which have become difficult to trade may not be readily available and there can be no assurance that any value assigned to such securities will accurately reflect the price the Trust might receive upon their sale.
Derivatives
The Trust can make use of derivatives which may impact on its performance.
Smaller immature companies
Investment in smaller, immature companies is generally considered higher risk as changes in their share prices may be greater and the shares may be harder to sell. Smaller, immature companies may do less well in periods of unfavourable economic conditions.
Premium risk
Share prices may either be below (at a discount) or above (at a premium) the net asset value (NAV). The Company may issue new shares when the price is at a premium which may reduce the share price. Shares bought at a premium may have a greater risk of loss than those bought at a discount.
Buy-backs
The Trust can buy back its own shares. The risks from borrowing, referred to above, are increased when a trust buys back its own shares.
Income is less important
The aim of the Trust is to achieve capital growth and it is unlikely that the Trust will provide a steady, or indeed any, income.
Regulation
The Trust is listed on the London Stock Exchange and is not authorised or regulated by the Financial Conduct Authority.
Suitability for retail distribution
Please note that the Company currently conducts its affairs, and intends to continue to conduct its affairs, so that the Company’s ordinary shares can be recommended by Independent Financial Advisers to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream pooled investment products (NMPI). The Company’s ordinary shares are excluded from the FCA’s restrictions which apply to non-mainstream pooled investment products because they are shares in an investment trust.
Disclaimers
MSCI DISCLAIMER
Source: MSCI. The MSCI information may only be used for your internal use, may not be reproduced or disseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com)
S&P DOW JONES DISCLAIMER
The S&P 500 and S&P Global SmallCap (index) is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and has been licensed for use by Baillie Gifford &Co. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Baillie Gifford & Co. Baillie Gifford & Co product(s) is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of The S&P 500 and S&P Global SmallCap (index).
