Short-term market meets long-term investor
A deliberately selective investment approach, helping our clients benefit from China’s engines of growth for the next decade.
China: our philosophy
Investment manager Sophie Earnshaw introduces the China Strategy, reflecting on the exciting opportunities ahead.
Hunting for growth in a growing market
To deliver long-term capital gains, we look for businesses that enjoy sustainable competitive advantages and which we believe will grow their earnings significantly faster than the market average. This requires fundamental research, active engagement and an ability to ignore large parts of the index.
Active management is critical for assessing the risks and opportunities. China is a poorly researched investment universe dominated by short-termism, which makes it an exciting one for patient, curious stock pickers.
Diverse perspectives
An active and engaged approach allows us to navigate over 6,000 companies and deliver a portfolio of just 40-80 Chinese growth stocks.
We benefit from global and local knowledge with a team based across Edinburgh and Shanghai.
Our differentiated horizons, perspectives and relationships provide insights that help us spot opportunities early and exploit persistent inefficiencies.
We have been investing in China since 1994 with a philosophy focused on long-term returns. Our dedicated China Strategy was launched in 2006.
We have always been interested in disruption, no matter where it might occur. It’s this intellectual curiosity that continues to draw us to China’s innovative companies.
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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 | Tencent | 9.8% |
2 | Meituan | 7.7% |
3 | Alibaba | 5.6% |
4 | Kweichow Moutai | 4.6% |
5 | CATL | 4.0% |
6 | Ping An Insurance | 3.9% |
7 | PDD Holdings | 3.5% |
8 | China Merchants Bank | 3.3% |
9 | Midea | 2.7% |
10 | BYD Company | 2.7% |
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).
Invest through other vehicles
Get in touch to learn about the other ways to invest, including:
- Separate account
Insights
Key articles, videos and podcasts relating to the strategy:
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Insights
China Strategy: manager update
An update on the investment landscape in China, portfolio changes, and key risks and opportunities on our radar.China Q3 update
The China 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.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.Finding China’s A-share jewels
The country’s domestic markets are rich in companies with the know-how to become global leaders.China Strategy
Investment manager, Sophie Earnshaw, discusses the Baillie Gifford China Strategy.
China: our philosophy
Investment manager Sophie Earnshaw introduces the China Strategy, reflecting on the exciting opportunities ahead.
China Strategy: manager update
An update on the investment landscape in China, portfolio changes, and key risks and opportunities on our radar.China Q3 update
The China 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.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.Finding China’s A-share jewels
The country’s domestic markets are rich in companies with the know-how to become global leaders.China Strategy
Investment manager, Sophie Earnshaw, discusses the Baillie Gifford China Strategy.
Invest in this strategy
You can invest in this strategy through the following fund(s).
Invest through other vehicles
Get in touch to learn about the other ways to invest, including:
- Separate account
How to invest in this strategy
You can invest in this strategy through the following fund(s).
Invest through other vehicles
Get in touch to learn about the other ways to invest, including:
- Separate account