Insights

The three Rs – relationship, reputation and research – are key to private company investing.

Finding gold amid the grit of the US drive to repair its essential networks.

It’s not about growth or value. It’s about the few companies that drive stock market returns.

Companies rising to new energy challenges in diverse ways, and the economies driving demand.

Exploring the transformative potential of small-cap companies such as DexCom, Tesla and Axon.

Companies and countries are vying for influence on the technology powering computation.

With international payments a profitable afterthought for the banks, it’s been left to a newcomer to build the best way of moving money around the world.

Chris Miller discusses the history of the semiconductor industry, and how TSMC, ASML and NVIDIA continue to shape the future.

The Long Term Global Growth Team reflects on recent performance, portfolio changes and market developments

The US Equity Growth Team reflects on recent performance, portfolio changes and market developments

The Positive Change Team reflects on recent performance, portfolio changes and market developments

The International Alpha Team reflects on recent performance, portfolio changes and market developments

The International All Cap Team reflects on recent performance, portfolio changes and market developments

The International Growth Team reflects on recent performance, portfolio changes and market developments

The International Concentrated Growth Team reflects on recent performance, portfolio changes and market developments

The Global Alpha Team reflects on recent performance, portfolio changes and market developments

The Emerging Markets Team reflects on recent performance, portfolio changes and market developments

What the past tells us about a new US president’s impact on growth companies.

China’s electric car, battery and other advanced manufacturers are on the rise.

Co-founder and CEO of digital payments platform Wise explains how a customer-centric approach is helping revolutionise global money movement.

The China Team reflects on recent performance, portfolio changes and market developments.

The Discovery Team reflects on recent performance, portfolio changes and market developments.

The Emerging Markets Team reflects on recent performance, portfolio changes and market developments.

The International Alpha Team reflects on recent performance, portfolio changes and market developments.

The International Concentrated Growth Team reflects on recent performance, portfolio changes and market developments.

The International Growth Team reflects on recent performance, portfolio changes and market developments.

The International Smaller Companies Team reflects on recent performance, portfolio changes and market developments.

The Long Term Global Growth Team reflects on recent performance, portfolio changes and market developments.

The Positive Change Team reflects on recent performance, portfolio changes and market developments.

The US Equity Growth Team reflects on recent performance, portfolio changes and market developments.

The International All Cap Team reflects on recent performance, portfolio changes and market developments.

The US Alpha Team reflects on recent performance, portfolio changes and market developments.

The Global Alpha Team reflects on recent performance, portfolio changes and market developments.

How brands like Hermès, Gucci and Ferrari defy downturns with heritage and innovation.

Thomas Patchett uncovers three companies driving new opportunities in Japan.

Ben James explains why DoorDash, The Trade Desk and CoStar stand out as growth stocks.

Qian Zhang highlights three Asian companies at the forefront of global structural trends.

Thomas Hodges uncovers three of Europe’s hidden growth champions: Lonza, Topicus and Soitec.

Bill Chater spotlights three companies set to make world-changing breakthroughs.

Rosie Rankin explains why Nubank, Xylem and Grab can both improve lives and offer investment returns.

Why focus and patience are crucial elements when investing and identifying growth companies.

How successful companies harness the power of adaptation.

How the leaders of Meta, Shopify, Roblox and Spotify’s expertise helps them put AI to use.

Lawrence Burns sees great growth firms in action in South Korea and India.

Why some of the leading computer chip makers and companies enabling them have room to grow.

The US’s new hotbeds of innovation are increasingly based outside California.

Why advanced manufacturing and social context are key to investing in tomorrow’s Chinese giants.

MercadoLibre offers hope to Latin America’s 178 million unbanked population.

From data lakes to Databricks, cloud storage will be key to driving progress and future innovation.

Charting rising cross-border money payments and the opportunity for remittance service Wise.

The firms taking advantage of four transformational opportunities.

Low-orbit satellites could be the answer for the three billion unable to access the internet.

Why our long-term conviction in ASML, Tokyo Electron and TSMC stands up to recent sector volatility.

James Budden explains why now is the time for growth, as markets weather exceptional volatility

How companies’ relationships with climate, energy and the environment relate to long-term growth.

The experts helping us gain an investment edge when thinking about farming, human rights and AI.

Investment manager Tom Coutts introduces International Growth, reflecting on the exciting opportunities ahead.

A journey through time uncovers the deep transitions that can reshape our world.

The Long Term Global Growth Team reflects on recent performance, portfolio changes and market developments.

The Positive Change Team reflects on recent performance, portfolio changes and market developments.

The Emerging Markets Team reflects on recent performance, portfolio changes and market developments.

The Global Alpha Team reflects on recent performance, portfolio changes and market developments.

The US Equity Growth Team reflects on recent performance, portfolio changes and market developments.

Investment specialist Fraser Thomson gives an update on the US Equity Growth Strategy covering Q2 2024.

Why AI could be key to us living longer and being in better health in the future.

Investment specialist Rosie Rankin gives an update on the Positive Change Strategy covering Q2 2024.

How efficiency drives at Meta, Shopify and Block could fuel their long-term growth.

The Discovery Team reflects on recent performance, portfolio changes and market developments.

The US Equity Growth Team reflects on recent performance, portfolio changes and market developments.

The China Team reflects on recent performance, portfolio changes and market developments.

The International Growth Team reflects on recent performance, portfolio changes and market developments.

The US Alpha Team reflects on recent performance, portfolio changes and market developments

The Health Innovation Team reflects on recent performance, portfolio changes and market developments.

The International Smaller Companies Team reflects on recent performance, portfolio changes and market developments.

The International All Cap Team reflects on recent performance, portfolio changes and market developments.

The International Alpha Team reflects on recent performance, portfolio changes and market developments.

Analysing market dynamics, industry challenges and future trends of EVs’ global adoption.

How one company is finally bringing the boundless possibilities of quantum computing into reach of the wider market.

The International Concentrated Growth Team reflects on recent performance, portfolio changes and market developments.

What market sentiment, recent valuations and policy changes mean for us as investors in Asian growth companies.

Why high interest rates help rapid growth private companies with proven products stand apart.

Explore Japan's market evolution, digitalization, and investment opportunities in unique growth themes.

Unlocking the potential of small cap investments.

Investment manager William Sutcliffe introduces Emerging Markets, reflecting on the exciting opportunities ahead.

Japanese tech dominance is under increasing pressure in China from domestic challengers.

The company on a mission to democratise ecommerce and finance for 650 million people.

Praveen Kumar shares the latest on growth equities in Japan and why now is the time for small cap investors to be bold.

Partners Tim Garratt and Stuart Dunbar identify signs of emerging growth.

How artificial intelligence creates growth opportunities and ways for us to serve you better.

Baillie Gifford’s Will Sutcliffe explains how emerging markets have evolved in the last three decades.

Why it’s a promising time to invest in exceptional emerging markets companies

The Magnificent Seven’s reputation goes before them but that’s not enough to save them.

The companies transforming the UK’s water infrastructure.

The International Alpha Team reflects on recent performance, portfolio changes and market developments.

The Long Term Global Growth Team reflects on recent performance, portfolio changes and market developments.

The Health Innovation Team reflects on recent performance, portfolio changes and market developments.

The US Alpha Team reflects on recent performance, portfolio changes and market developments.

The International Growth Team reflects on recent performance, portfolio changes and market developments.

The US Equity Growth Team reflects on recent performance, portfolio changes and market developments.

The Global Alpha Team reflects on recent performance, portfolio changes and market developments.

The Positive Change Team reflects on recent performance, portfolio changes and market developments.

The International Smaller Companies Team reflects on recent performance, portfolio changes and market developments.

The International Concentrated Growth Team reflects on recent performance, portfolio changes and market developments.

The International All Cap Team reflects on recent performance, portfolio changes and market developments.

The China A Shares Team reflects on recent performance, portfolio changes and market developments.

The Emerging Markets Team reflects on recent performance, portfolio changes and market developments.

The International All Cap Team reflects on recent performance, portfolio changes and market developments.

Investors take note: technology and innovation are revolutionising treatments and patient care.

Author Sebastian Mallaby on the attraction of investing in game-changing firms at an early stage.

Why AI could be the printing press of intelligence.

The mobile app that busts stress and high charges for workers sending money back home.

How the SpaceX subsidiary is turning internet deserts into online oases

Tom Slater on the secret sauce shared by founder-led companies.

A small holding with a long-term climate goal.

Roderick Snell on investing in Asia – from a strengthening dollar to the semiconductor value chain.

The Positive Change Team’s ESG and engagement report shows the difference talking can make.

The innovative ecommerce company poised to take advantage of China’s large consumer base.

Why do we prefer growth stocks despite the lure of shorter-term assets?

A performance update explaining why we back firms solving social and economic issues such as Moderna and MercadoLibre.

The Long Term Global Growth Team reflects on recent performance, portfolio changes and market developments.

Can scientists meet unmet health needs by writing code to help the body heal itself?

Being open-minded to what rapid changes brought on by AI could mean for growth stocks.

How can we spot large growth opportunities at the stage when others dismiss them as fads?

Why the study of gene fitness can help us spot ambitious growth companies with huge potential.

What values are important to you? And are they reflected in your investments?

Why real-world problem solving, financial discipline and adaptability are critical to growth.

The Global Alpha Team reflects on recent performance, portfolio changes and market developments.

The International All Cap Team reflects on recent performance, portfolio changes and market developments.

The Health Innovation Team reflects on recent performance, portfolio changes and market developments.

The US Equity Growth Team reflects on recent performance, portfolio changes and market developments.

The Positive Change Team reflects on recent performance, portfolio changes and market developments.

The China Team reflects on recent performance, portfolio changes and market developments.

The International Smaller Companies Team reflects on recent performance, portfolio changes and market developments.

The International Growth Team reflects on recent performance, portfolio changes and market developments.

The US Equity Growth Team reflects on recent performance, portfolio changes and market developments.

The International Growth Team reflects on recent performance, portfolio changes and market developments.

The International Alpha Team reflects on recent performance, portfolio changes and market developments.

The International Concentrated Growth Team reflects on recent performance, portfolio changes and market developments.

Considering the S in ESG ranges from supply chain analysis to cybersecurity precautions.

The Emerging Markets Team reflects on recent performance, portfolio changes and market developments.

The new wave of companies blending physical and digital processes together.

Climate and Environment Analyst Matt Jones considers the potential of emissions avoidance and disruptive innovation.

HelloFresh’s CEO explains the art and science of meal kit delivery at a global scale.

Ben Buckler on how investors should steer between the twin poles of risk in China.

Tough times play to the partnership’s strengths: analysing what enables us to adapt and thrive amid rapid change.

Opportunities remain in small-cap investing, regardless of interest rates or market volatility.

Lawrence Burns explores the new landscape of opportunity.

Charting how technological progress and prosperity march together.

The US’s $800bn trucking industry is on track for a shake up with Aurora’s self-driving technology.

Emerging markets have underperformed developed ones recently. So, why should we invest in them?

The ‘next wave’ of companies, mixing the digital and physical realms.

Could smaller reactors and fusion power herald a new atomic age?

Why investors must put the rise of ChatGPT and other generative AI in context.

The years ahead are uncertain, but we can turn that to our advantage.

Companies addressing climate change could create huge societal and economic value over time.

By shifting the focus from Windows and embracing AI, the firm has revitalised its fortunes.

A decade ago, software companies were venture-backed and capital-light. That’s no longer true.

The US-based company’s technology promises to ‘silence’ genetic disorders and target some of the world’s biggest killers.

How can we avoid a hothouse world? Head of Climate Change Caroline Cook discusses with experts.

The Global Alpha Team reflects on recent performance, portfolio changes and market developments.

The International All Cap Team reflects on recent performance, portfolio changes and market developments.

The International Alpha Team reflects on recent performance, portfolio changes and market developments.

The cancer-fighting firm that aims to lead a clean energy revolution.

The Health Innovation Team reflects on recent performance, portfolio changes and market developments.

The International Concentrated Growth Team reflects on recent performance, portfolio changes and market developments.

The Long Term Global Growth Team reflects on recent performance, portfolio changes and market developments.

The International Growth Team reflects on recent performance, portfolio changes and market developments.

The US Equity Growth Team reflects on recent performance, portfolio changes and market developments.

The Positive Change Team reflects on recent performance, portfolio changes and market developments.

The Emerging Markets Team reflects on recent performance, portfolio changes and market developments.

The China Team reflects on recent performance, portfolio changes and market developments.

Why considering environmental, social and governance factors helps us pursue long-term returns.

The country’s domestic markets are rich in companies with the know-how to become global leaders.

Considering different ways global warming and a transition to new energy sources might occur.

Glimpse a universe of opportunity at Baillie Gifford’s Disruption Week in November 2023.

Discover what private company investing is, and why our decades of institutional knowledge of exceptional growth companies gives us an advantage.

Find out what makes luxury fashion conglomerate Kering stand out from the competition.

Co-managers Kave Sigarourdinia and Tolibjon Tursunov talk to Mona Siddiqui about the lauch of the new strategy.

Learn how the Boston-based life science company is disrupting the drug development industry.

We live in changing times. And that will create opportunities for long-term growth investors.

Mark Urquhart discusses the science and art of picking growth stocks with enduring potential.

Using a fighter pilot’s business strategy can help a company orient itself amid change.

Climate change increases drought and flood risk. How can we respond? Author Tim Smedley explains.

Investors provide an update on International All Cap performance and portfolio activity.

Climeworks, the company using innovative technology to capture and store CO2 underground safely, measurably and permanently.

The International Alpha team reflects on recent performance, portfolio changes, and market developments.

The International Concentrated Growth team reflects on recent performance, portfolio changes, and market developments.

The Long Term Global Growth team reflects on recent performance, portfolio changes, and market developments.

The Global Alpha team reflects on recent performance, portfolio changes, and market developments.

The Health Innovation team reflects on recent performance, portfolio changes, and market developments.

The US Equity Growth team reflects on recent performance, portfolio changes, and market developments.

The International Growth team reflects on recent performance, portfolio changes, and market developments.

The Emerging Markets team reflects on recent performance, portfolio changes, and market developments.

The International All Cap team reflects on recent performance, portfolio changes, and market developments.

The China team reflects on recent performance, portfolio changes, and market developments.

The Positive Change team reflects on recent performance, portfolio changes, and market developments.

Tim Spector and Henry Dimbleby on what our diet says about our health and the health of the planet.

Learn how the Swedish battery company Northvolt is driving change in the EV industry

Stuart Dunbar reflects on the long-term case for Actual investing.

How Elevance Health uses its scale to smooth a path through the US health system’s maze.

The mRNA technology behind the Covid vaccine is being directed against other diseases.

Baillie Gifford’s Global Discovery Team reflects on the lessons of turbulent times.

How Positive Change targets companies at the forefront of tackling carbon emissions.

Investor Sophie Earnshaw explains how we navigate China’s complexity to boost growth potential.

The island nation’s natural wealth makes it crucial to a low-carbon future.

Ed Whitten travels to Rio de Janeiro and São Paulo to meet companies seeking social impact.

By investing in companies at the frontiers of structural shifts we can pursue fantastic returns.

International All Cap investors on why they’re encouraged by how the portfolio has been faring.

How Yahoo! Japan and Z Holdings' conquest of the country’s internet realm unfolded.

The Dutch firm making everyday payments fast and friction-free.

Positive Change Team reflects on recent performance, portfolio changes, and market developments.

Global Alpha Team reflects on recent performance, portfolio changes, and market developments.

Long Term Global Growth Team reflects on recent performance, portfolio changes, and market developments.

US Equities Team reflects on recent performance, portfolio changes, and market developments.

Emerging Markets Team reflects on recent performance, portfolio changes, and market developments.

International Growth Team reflects on recent performance, portfolio changes, and market developments.

International Alpha Team reflects on recent performance, portfolio changes, and market developments.

International All Cap Team reflects on recent performance, portfolio changes, and market developments.

Positive Change’s Kate Fox on thinking about the world in 2050 to spot opportunities today.

International Concentrated Growth Team reflects on recent performance, portfolio changes, and market developments.

How Recursion Pharmaceuticals is using AI to turn the hunt for new medicines on its head.

Research suggesting faster-than-expected adoption has far-reaching consequences for investors.

Through two decades of change, our strategy has prospered by sticking to its philosophy of patience and optimism.

Climeworks helps us remove CO₂. We invest in it because we think it can combat climate change.

The UK firm partnering with leading grocers to deploy its automated warehouses worldwide.

Renowned investor Kai-Fu Lee revisits his prophetic book, five years on.

We don’t just talk to managements, we listen. A snapshot of Positive Change’s ESG conversations.

Developing brain disease drugs is hard, but this company’s early results suggest it can succeed.

Investors must find companies with the key qualities needed to thrive in a stormy economy.

Responsible business practices are fundamental to delivering sustainable long-term growth and addressing global challenges.

Praveen Kumar on the lesser-known players thriving in the shadow of the country’s big brands.

LTGG’s Stewart Hogg and Gemma Barkhuizen on volatility, business culture, and the long-term view.

Why international equity markets shouldn’t be forgotten.

Zipline delivers instantly, whether that’s blood in Rwanda or rotisserie chicken from Walmart.

Investment manager Lawrence Burns talks to MercadoLibre’s CFO Pedro Arnt.

The Health Innovation team on ESG, the future of medicine and making a positive global impact.

Author Matthew Ball on the next-generation internet and the companies building its foundations.

The Health Innovation team on ESG, the future of medicine and making a positive global impact.

Our investors’ job is to tell the difference between passing phases and deeper behavioural shifts.

Investment specialists discuss idea generation, stocks and portfolio resilience for International All Cap.

Masahiko Uotani, CEO of the Japanese cosmetics giant, discusses its profitable makeover with Iain Campbell.

How can we invest in quality companies with the potential to generate sustainable returns in a changing market?

Baillie Gifford’s Dave Bujnowski explores the new engines powering progress.

Exploring the emerging energy opportunities in Asia.

The rise of EVs spells opportunity for supply chain providers, from battery makers to semiconductor foundries

Investors discuss how AI software could transform healthcare, advertising, manufacturing and more.

The Dutch firm driving progress by making it possible to create more intricate computer chips.

How semiconductors bring a competitive world together.

Your money or your health. Marina Record asks if society is ready to pay for health innovation.

How AI is disrupting all kinds of industries, creating investment opportunities in its wake.

Rose Nguyen on the companies seeking to overcome the scourge of heart disease.

Why cloud computing is developing differently in the world’s most populous nation.

If we don’t tackle the AMR crisis now, it could be the world’s biggest killer by 2050.

Investment manager Lee Qian and investment specialist Rosie Rankin discuss the positive change portfolio.

Eoin Anderson is joined by Joe Faraday and Katie Muir to discuss remaining focused on the future, and the importance of International All Cap sticking to its approach.

Why Fusajiro Yamauchi’s business remains a fascinating opportunity for growth investing.

Why a ‘deep transition’ may have started to deliver a more sustainable age.

Partner Dave Bujnowski offers a radical new perspective on the disruptive ‘engines’ powering today’s growth.

Join Health Innovation Portfolio Managers as they provide an update on the strategy with Investment Specialist, Jack Torrance.

How the Positive Change Strategy backs firms tackling social and environmental challenges.

How Baillie Gifford’s mutually beneficial network of academic connections makes us see the world differently.

How Orkney’s renewable energy projects can inform our investment choices.

The US Equities team discuss ESG and effective growth investing.

Key insights from the International All Cap Strategy picked from the past 30 years.

How the cycle parts maker symbolises the kind of firms International All Cap is looking for.

Tracking our pursuit of growth companies over time.

Milena Mileva on picking International All Cap’s future winners.

How relationship building, performance and tales of Scotland helped establish our international funds.

A focus on growth and innovation has led to exciting finds such as Tesla and Ocado.

Supporting companies with the potential to transform the field of healthcare and generate attractive returns.

Demand for meat is growing, but traditional production is costly. Could in vitro agriculture be our panacea?

The Positive Change Team’s latest impact report, covering our activity over the last five years and plans for the future.

In the context of high inflation and market volatility, portfolio managers James Dow and Toby Ross discuss current views and explain how focusing on long-term income growth remains critical to facing these challenges.

Sweden tops the charts for original thinking, from family businesses to founder-run companies.

Online infrastructures and digital developments in the education, energy, and transport sectors make for an exciting future.

Tim Garratt considers how we value exciting businesses and reflects on what we lose when we fail to imagine.

Endurance and imagination are key ingredients for quality growth investing.

Spotting companies with potential in the renewables, energy storage and carbon reduction sectors.

Smartphone-centric retailers drive innovation.

Academic partnerships that generate new ideas

Baillie Gifford’s Risk Team has been considering how firms can reduce their vulnerability to rising prices.

Disruptive change within the entertainment world creates a wealth of opportunity.

Growth stocks have crashed down to earth. Has growth had its day or will it come back stronger?

How should you consider the country – carbon culprit or climate saviour?

It’s not that we do ESG, but how we do it. The ESG Team list 2021’s key stewardship activities.

Part 6 - Alignment.

Part 5 - Insight.

Part 4 - Scalability.

Part 3 – Sustainability

Part 2 – Competitive Edge.

Part 1 - Opportunity

Introducing the Radar

The questions we should consider to avoid being led astray by ESG risk scores.

Radical companies may seem risky, but they’re building the future. Paulina McPadden, Spencer Adair and Lawrence Burns discuss how investing in firms with extraordinary potential is a simple approach to long-term wealth creation.

Online courses have upended the economics of education, Thaiha Nguyen explains.

Investment Managers Tom Slater, Gary Robinson, Kirsty Gibson and Dave Bujnowski share their thoughts on the investment environment, explain why they believe there is scope for upside from here, and discuss their search for transformational growth companies.

The enduring power of Moore’s Law and other factors that might matter in the next decade of investing.

Understanding the difference between pessimism and possibility in Emerging Markets.

Join Investment Managers Tom Slater, Gary Robinson, Kirsty Gibson and Dave Bujnowski as they share their thoughts on the investment environment, explain why they believe there is scope for upside from here, and discuss their search for transformational growth companies.

Join Portfolio Construction Group Member, Joe Faraday and Client Service Manager, Andrew Daynes, as they discuss the importance of maintaining consistency in uncertain times.

Baillie Gifford spots investment opportunities in a smartphone-transformed nation.

The LTGG team consider recent performance and the long-term outlook for the fund.

Solar power and cheap green energy makes for a promising future.

Responsible business practices are fundamental to delivering sustainable long-term growth and addressing global challenges.

SpaceX, Epic Games and Stripe: the list of the unlisted continues to grow. How can investors benefit?

In their Research Agenda for 2022, the investment managers consider the benefits of deep work in helping them find growth opportunities.

When the going gets tough, exceptional companies keep going. Stephen Paice on Europe’s best.

Join Brian Lum, Charlie Broughton & Richard Gall as they reflect on the first three years of the Smaller Companies strategy.

In this webinar summary, Nick Thomas and Christel Brodie, investment specialists, cover growth investing during difficult periods and highlight the long-term growth drivers in the International Growth portfolio.

New technologies, plummeting costs and our own changing behaviours all promise progress in the energy transition– just don’t expect it to come in a straight line.

Nick Thomas hosts a discussion of the investment landscape with his Portfolio Construction Group colleagues, Tom Coutts and Julia Angeles.

Join Kelly Cameron as she hosts Joe Faraday, one of our International All Cap PCG Members, and Katie Muir, one of our International All Cap Investment Specialists, as they discuss the International All Cap Portfolio past performance and their outlook for the next few years.

Investing in great growth companies to make a big difference.

James Budden on holding your nerve through short-term setbacks and supporting exceptional growth companies.

The special considerations at play when we invest in high-growth, late-stage unlisted firms.

Scott Nisbet interviews the Long Term Global Growth decision-makers discussing volatility, inflation, interest rates, China and portfolio holdings: Roblox, SEA, Moderna and Coupang.

Operational performance is a better indicator of growth than inflation. Malcolm MacColl shares why.

Looking before we leap into industry initiatives.

Learn about the up-and-coming sustainable companies radically shaping a more prosperous future.

Good investing takes quick reactions as well as a long-term vision.

Why so many tech founders and CEOs have emerged from the Indian Institutes of Technology.

LTGG is making efforts to improve environmental, social and governance metrics.

Winter 2021 International Alpha Anthology of content.

For Global Stewardship, climate opportunities go hand in hand with climate challenges

Regulation and what we look for in companies’ responses.

ESG experts Marianne Harper Gow, Ed Whitten and Abhi Parajuli talk about the Social aspect of ESG in the context of investing.

Central banks may find it hard to tackle price rises, requiring fine-tuning to fund strategies.

Investment manager Sophie Earnshaw shares her latest thoughts on investing in China.

Today’s investment managers should support companies doing the most to benefit society.

Investing in sustainability by focusing on opportunities for reward rather than ESG scores.

Tim Garratt, Michael Pye and Caroline Cook reflect on the investment implications of arguably the most significant meeting of world leaders this millennium, COP 26.

Investing in private companies applying today’s early-stage tech to create tomorrow’s world.

Willingness to change gives Chinese firms an innovation advantage.

Good investing takes quick reactions as well as a long-term vision.

Baillie Gifford signs up to an asset managers initiative as COP26 begins.

Can plant-based foods save the planet? Investment manager Brian Lum explores changing attitudes.

A convergence of technologies is paving the way for advances in our understanding of biology.

Electric cars on the road and flying taxis in the air will change the way people commute and live.

Plant-based proteins, hi-tech tractors and vertical farms are set to disrupt agriculture.

Disruptive fintechs are paving the way to a world without physical money.

A focus on diversity and inclusion can result in competitive advantage.

Investment manager Malcolm MacColl and Senior Governance and Sustainability Analyst Kieran Murray outline believed growth drivers and the development of Global Alpha’s ESG process.

Watch the highlights from the recent Global Alpha webinar: Harnessing growth for the next decade.

With a focus on the future of mobility, the speakers discuss the ideas that will shape the way we live and work, and the companies that will drive disruption and innovation.

Moderna’s mRNA vaccines are all set to become the cornerstone of an efficient health system.

How the digital natives’ wants and needs create opportunities for forward-thinking Chinese companies.

What a US academic taught us about the companies that outperform.

Women dropping out of employment should weigh on investors’ minds.

Investors can have the most impact by focusing on sustainability laggards, not leaders.

Why emerging markets firms struggle to get high ESG scores

Evaluating emerging market stocks by taking a mental leap into the future.

In this edition of Looking Back Going Forward we explain how environmental, social and governance (ESG) considerations have been deeply embedded in our Long Term Global Growth strategy.

Baillie Gifford’s James Anderson warns of the risks of ill-defined sustainability metrics.

Decarbonisation and baby boomer spending are set to drive asset prices over the years ahead.

Why loosening control can help companies become more innovative.

Nick Thomas is joined by James Anderson and Tom Coutts to discuss the current investment landscape and the evolving situation in China.

Baillie Gifford launches a new offering seeking out America’s most entrepreneurial new companies.

Alicia Cowley, member of the Asia Client Service Team, is joined by ESG specialists Marianne Harper Gow and Michelle O’Keefe to discuss the burning question: Does climate change pose a risk to investment returns or are we able to identify investment opportunities in this area?

Our international investors are explorers: which of the disruptors and innovators will deliver?

Investment manager Sophie Earnshaw and ESG specialist Gavin Grant discuss how they approach ESG and stewardship as part of Baillie Gifford’s International All Cap Strategy.

How do we save a planet? Paulina Sliwinska invests in the companies tackling climate change.

From futuristic wireless technology to healthcare innovation and new forms of food production, the Long Term Global Growth Team’s investment manager Michael Pye considers the advances that may define life in 2040.

Will the climate crisis response alter asset class returns? The Multi Asset Team investigates.

Find out why small companies are one of the richest hunting grounds for long-term growth investors.

Economist John Kay and investment manager James Anderson discuss how changing attitudes to known unknowns could make us better investors.

What’s left of exception growth companies? With the internet and the cloud, the sky’s the limit.

Chaos is often associated with a failure of leadership. Gary Robinson, partner in the US Equities Team, argues that the best bosses don’t resist disorder but channel it to create ‘chaordic organisations’ in which innovation thrives.

Baillie Gifford’s multi asset funds aim to provide maturing pension schemes protection from whatever economic weather may arise.

A brief summary of Baillie Gifford’s beliefs, purpose and strategy.

Investment Specialist Christel Brodie speaks to Tom Coutts, Investment Manager on Baillie Gifford’s International Growth Strategy, about his recent thought piece ‘What Picasso can teach us about investing’.

This short video summaries the highlights from a recent webinar in which Richard Gall, Steve Vaughan and Brian Lum, members of the International Smaller Companies Portfolio Construction Group, discusses the small-cap effect, the team structure, and the investment approach to finding exceptional smaller companies.

Unique to itself and often surprising, the digital transformation of the world’s third largest economy offers exciting new openings for investors, writes Donald Farquharson, head of Baillie Gifford’s Japanese equities team and Thomas Patchett, Japanese Equity Specialist.

Richard Gall, Steve Vaughan and Brian Lum, members of the International Smaller Companies Portfolio Construction Group, discuss the small-cap effect, the team structure, and the investment approach to finding exceptional smaller companies.

Thinking about long-term income means thinking about what ‘can be’, not what ‘is’. In this film we explore the philosophy behind Strategic Bond and how, when it comes to income, there’s no time like the future.

Positive Change invests in businesses that can help solve global challenges. But, as Kate Fox explains, the impact that some of the most influential companies have on daily lives is hidden from view.

Kristen Ross is joined by Hamish Maxwell and Stephen Corr, members of the specialist international team at Baillie Gifford, to discuss the development of humankind and how it has led us to growth, and why they think now is a great time to tilt portfolios to the international markets to take advantage of growth opportunity.

Nick Thomas and Christel Brodie, investment specialists on the International Growth Team, give an update on the activity of the portfolio over the last quarter, covering portfolio positioning, transactions and pipeline ideas.

In this webinar, Client Service Director Matthew Coyle is joined by Joe Faraday, a decision maker on the International All Cap Strategy, and Charlie Broughton, an investment manager in the Smaller Companies Team and specialist representation for International All Cap. Joe and Charlie explain that although many understand the concept of idea generation as a light bulb moment, for the International All Cap Team it’s a gradual process that develops over time.

The Global Alpha Paris-Aligned portfolio offers a pathway for clients to align their assets with the objectives of the Paris Agreement. Here, we provide some background to the Paris Accords and outline how we aim to implement its objectives.

David McIntyre and Calum Holt summarise their thoughts on the potential transformation of the European energy industry and how this is being embraced in our Multi Asset funds.

In this webinar, Product Specialist Alasdair McHugh talks to Caroline Cook, Senior Analyst in the Governance & Sustainability Team, about active investment, the energy transition, where we are now and how far we need to go.

Could the messenger RNA vaccines deployed against Covid, help fight cancer and other diseases? After a year of crisis, Julia Angeles, co-manager of Baillie Gifford’s Health Innovation Fund, looks at the positive signs.

We call our methodology long-term income, not short-term yield. In this paper we share our experience of picking stocks using this growth-focused approach. We explain why we think the best is yet to come for this approach. And we highlight three simple questions we ask of any company when picking stocks for our income-growth portfolio.

A wave of revolutionary new technologies is set to transform the way we travel from A to B. In this short series, Thaiha Nguyen, a Baillie Gifford investment manager, takes an in-depth look at the business of personal transport on the brink of change.

A wave of revolutionary new technologies is set to transform the way we travel from A to B. In this short series, Thaiha Nguyen, a Baillie Gifford investment manager, takes an in-depth look at the business of personal transport on the brink of change.

A wave of revolutionary new technologies is set to transform the way we travel from A to B. In this short series, Thaiha Nguyen, a Baillie Gifford investment manager, takes an in-depth look at the business of personal transport on the brink of change.

A wave of revolutionary new technologies is set to transform the way we travel from A to B. In this short series, Thaiha Nguyen, a Baillie Gifford investment manager, takes an in-depth look at the business of personal transport on the brink of change.

His career spanned big changes in investment – and in the fortunes of Baillie Gifford. Charles Plowden, joint senior partner and manager of Monks Investment Trust, looks at the opportunities ahead.

Client Director Stuart Dunbar is joined by Stephen Paice, Head of the European Equity Team and Moritz Sitte, portfolio manager of our European funds, to discuss the question ‘Are you investing in the right Europe?’.

The logic of long-term investing means that companies harming the planet and its people will ultimately be losers.

On the back of humanity's innate ability to innovate, invent and improve, Hamish Maxwell is reminded of why growth investing yields such promise over the long-term.

In this year’s Research Agenda, Global Alpha’s investment managers share their thoughts on how change can help shape the portfolio.

When we are caught up in the drama of the present, it can be hard to see the accelerated progress that accompanies it. With technology firmly in the driving seat, Scott Nisbet explains why he sees a decade of growth ahead.

Product specialist Jack Torrance talks to Julia Angeles and Marina Record, investment managers of the Health Innovation Strategy. The team discuss the journey they embarked upon to launch the strategy, the way in which 2020 has accelerated trends in the healthcare space, and what they think human health will look like in the future.

Client Director Tatjana Evans-MacLeod highlights the most notable discussion points from the recent LTGG webinar, in which investment managers Mark Urquhart, Gemma Barkhuizen and Linda Lin discussed turnover, valuation, China, ESG, and capacity.

In this webinar recording, US Equity strategy specialist Ben James talks to all four of the key decision makers in the US Equities Team, Tom Slater, Kirsty Gibson, Gary Robinson and Dave Bujnowski. The team explore the thought processes that have helped them navigate the challenge of maintaining a 5-10 year investment horizon during what has been a year of rapid change, followed by questions from attendees.

Investment manager Lawrence Burns shares the views of brilliant minds outside the industry that will reshape your view of what equity investing is all about.

This document looks at the contribution of the Positive Change portfolio to society through its business practices and focuses on our approach to engagement with the companies owned on behalf of our clients.

Are there limits to economic growth? Will we run out of ideas? Investment manager Lee Qian explains why he’s confident innovation will create a more prosperous, sustainable and inclusive world.

The artificial barriers between private and public companies are disappearing, but the investment world has not kept up. Investment managers Tom Slater, Chris Evdaimon, Peter Singlehurst and Rob Natzler discuss Baillie Gifford’s refreshing approach to investing in late-stage private companies.

Companies no longer follow the traditional lifecycle from founding to IPO. Increasingly, they are remaining private for longer, supported by companies such as Baillie Gifford, and enjoying substantial growth before reaching public markets, as Robert Natzler explains.

Lee Qian, Investment Manager in Baillie Gifford’s Positive Change Strategy, tells us why we should harness innovation and economic growth to create a more prosperous, sustainable and inclusive world.

In this webinar recording, client directors Anthony Spagnolo and Ben Drury share some ideas about what the next 20 years could bring.

Truly remarkable progress is being made in solving some of the world’s biggest problems by unlocking nature at its most granular level.

Client director Jon Henry talks through the highlights of the recent Global Alpha webinar on ‘Mental Models’, a concept introduced earlier this year in the Global Alpha Research Agenda.

China has defied recession in 2020, but where to now? Investment manager Roderick Snell anticipates big things ahead.

It’s time to stop looking in the rear-view mirror when it comes to emerging markets.

More of us are living longer, staying healthier for longer and working for longer. What are the implications for investing and financing this longer life? Listen to Baillie Gifford’s Steven Hay to find out.

Much like an art curator, the role of the investment manager involves carefully selecting investments that will make a mark and grow in value over time.

To stand the best chance of owning the winning companies of the 2030s, we should imagine how bizarre today’s ‘normal’ will seem when the next generation looks back.

Navigating Noise, a video series brought to you by the Long Term Global Growth team, seeks to gather and share some of the thinking we find so valuable when investing for the long term.

Julia Angeles, investment manager on the Health Innovation Team, speaks to Claire Bell, former newspaper journalist and inquisitive researcher for Baillie Gifford. Angeles and Bell discuss the hot topics of data, artificial intelligence and ethics.

Companies become more efficient as they grow. In the past, that involved big capital outlays and was bad news for challengers. However, as Gary Robinson explains, entrepreneurs can now rent the essential tools from cloud platforms, enabling them to compete more easily.

Ben Drury, client director, talks to Helen Xiong, an investor and soon-to-be key decision-maker for the Global Alpha strategy.

Everyone wants to make a difference, and capital thoughtfully and responsibly deployed is a powerful mechanism for change. In seeking out companies whose products and services are providing solutions to global challenges, we believe a proactive investment approach can also be the basis of attractive investment returns. Investment Managers Kate Fox and Lee Qian explain why positive change really matters.

Managers of the International Growth strategy Tom Coutts, Lawrence Burns, Brian Lum and Julia Angeles give an insight into their investment philosophy.

We are in an era of great convergence. The Health Innovation strategy seeks to support this era of change by looking out for innovative and pioneering companies that have the potential to bring substantial improvements to human health and healthcare systems.

You can’t predict the future, but you can prepare for it by investing in those businesses that will help create it. Jenny Davis turns to history to provide some context as to why she believes the unsung heroes of the modern economy will be the titans of the future.

Interview with Stuart Dunbar.

Technological developments over recent decades mean reality has outpaced the science fiction of his youth since Mark Urquhart joined Baillie Gifford almost 25 years ago.

For Full Year 2019, updating on contributions towards a more sustainable and inclusive world.

In our Short Briefings on Long Term Thinking podcast, Baillie Gifford partner Stuart Dunbar backs a return to the basics of investment.

Growth stocks have generally fared better than value stocks during the coronavirus pandemic, helping Scottish Mortgage Investment Trust during the worst of the stock market falls. In our podcast series, Short Briefings on Long Term Thinking Baillie Gifford partner Tom Slater explains why.

Dubbed the new electricity, artificial intelligence is intrinsic to the strategy and operations of many companies in the Long Term Global Growth portfolio.

In times of stress stock markets, like people, often revert to act now, think later. Tim Garratt advocates doing the opposite.

Quitting tobacco and fossil fuels should no longer carry a wealth warning, writes Scott Nisbet.

Scott Nisbet tells Malcolm Borthwick what he’s learnt from previous crises, why he’s staying calm and why now’s the time to read Albert Camus.

Our annual business update 2020.

Fifty years after Apollo 11, can a fresh wave of innovation in space technology open new frontiers and promising investment opportunities? Investment manager, Luke Ward looks across the gulf of space and gives us his views.

Investing in emerging markets is like Marmite. It divides opinion. Charles Plowden explains why he’s a fan in Baillie Gifford’s podcast Short Briefings on Long Term Thinking.

Growing familiarity with China’s markets invites closer examination of governance at a country and corporate level. A company by company approach is vital to limit the risks and find the opportunities, writes Ben Lloyd.

Shareholders seem to be obsessed with short-term profits. We aren’t. Scott Nisbet proposes an alternative path, where patience with the right companies is rewarded, and a less direct route to profitability can lead eventually to a more valuable outcome.

It’s essential to be realistic and keep the risk of over-optimism in check. But there’s plenty to feel positive about in emerging markets, says Tim Erskine-Murray, who offers an insight into the reasons for his unwavering enthusiasm.

The big four incumbents in robotics are gearing up for a challenge. In a reshaping global industry, they are readying themselves for the march of the cobots.

Investment manager, Praveen Kumar explains why the Japanese cosmetics industry is in a period of rapid growth and how it could be set to continue for the long term.

Our support of inquisitive people plays a crucial role in our investment research. Discover more in our academia anthology.

Civil society has increasingly questioned and challenged corporate behaviour and activity since the 1960s. This film documents a number of corporate disasters that have caught the public attention over the last 75 years, and have led to some profound changes.

Ben Buckler explores the A share opportunity in China.

The 75-year backstory to responsible investment.

An accompaniment to our annual Impact Report using a different lens to look at the contribution of the Positive Change portfolio to society.

There are lots of reasons not to invest in Europe. Its economic growth is uninspiring and much of its stock index is made up of bureaucratic corporate dinosaurs. But beyond the negative headlines, there are still exciting investment opportunities to be found. They include potential tenbaggers – companies whose share price could increase ten-fold.

Growth investors have had a good decade. Dave Bujnowski explains why he remains convinced that, despite suggestions to the contrary, growth investors look set to enjoy more of the same over the coming years – provided they look in the right places.

Fifty years on from the first moon landing, entrepreneurs on the west coast of America are stepping up spending on space. To discuss how this new space race might impact investment, Malcolm Borthwick is joined by Luke Ward – space enthusiast and deputy manager of Edinburgh Worldwide Investment Trust and the Global Discovery Fund.

Industrial biotech companies can already produce synthetic spider silk and plant-based burgers that taste like meat. Future possibilities include timber produced from yeast. In the latest episode of Short Briefings on Long Term Thinking, Kirsty Gibson tells Malcolm Borthwick why she's fascinated by the opportunities of industrial biotech and its enormous investment potential.

In the fourth episode of Short Briefings on Long Term Thinking, Malcolm Borthwick is joined by Milena Mileva to discuss how profound changes in consumer behaviour are changing the retail landscape both online and in bricks-and-mortar stores.

With online companies currently dominating sales, it is widely expected that the need for tangible stores will continue to decrease, but Baillie Gifford has spotted a rise in forward-thinking companies who are utilising physical spaces to provide an innovative and interactive shopping experience.

In Baillie Gifford we have a very different perspective on 2018, and hence the future, than the one you will be used to reading about.

As lifespans increase, more of us will inevitably encounter Alzheimer’s. Thankfully, new advances mean that we may be approaching a breakthrough in treating the disease. The Death of Alzheimer’s asks how Baillie Gifford can support this effort.

In his latest paper, James Anderson discusses Ben Graham’s book The Intelligent Investor, the seminal work on Value investing that remains as valid today as it did when he wrote it seven decades ago. James considers the author’s views and their implications for Growth investing in the current environment.

In the third episode of Short Briefings on Long Term Thinking, Malcolm Borthwick is joined by Lucy Isles, joint manager of Baillie Gifford's High Yield Bond Fund. Listen to the podcast to find out the three key deciding factors when choosing resilient high yield bonds and how engagement with companies can differ for bond and equity investors.

What are “the good, the bad and the unbelievably great” of global investing? In the second episode of Short Briefings on Long Term Thinking, Malcolm Borthwick is joined by James Dow to challenge the conventional wisdom that if you’re investing for a regular income you should stick with blue chip UK companies.

Investment Manager Roddy Snell, in conversation with Malcolm Borthwick, goes behind some recent lurid headlines to find out what's really happening with the Chinese economy.

If capturing extremes is the key to investment returns, James Anderson sets out how we can improve our chances of investing well. He highlights the exponential long-term trends in energy, healthcare and technology that he believes will be at the heart of a dramatic implosion of the old order and will become the cornerstone of the new.

The story of investing is really the story of the big winners, those exceptional companies that reshape our world and in the process reap the rewards. Lawrence Burns sets out how a long-term and patient approach to investment is necessary to identify those truly great companies that could drive extreme returns.

The active investment industry as a whole appears to have done a better job of enriching itself than adding value for clients. Is it worth defending? Stuart Dunbar thinks so.

Home to many of the world’s greatest companies, the United States should be the active investment manager’s dream. Not so for everyone, it seems. Swimming against the tide of passive and mediocre active investment strategies, Head of US equities Tom Slater endorses a genuinely active, long-term approach to investing in the American dream.

Stuart Dunbar discusses the woes of what our industry has become alongside the potential opportunities presented by its somewhat over-evolved state.

Investment manager Julia Angeles strikes an optimistic note as she explores some of the recent developments in healthcare, which one day she hopes will bring an end to cancer.

Investment Manager Iain Campbell does not claim that Baillie Gifford’s investors are cleverer, have better systems or information, or that they work harder, travel further or construct more complex spreadsheets. Rather, he elaborates on an identifiable market inefficiency that our unusual structure and long-term philosophy allows us to exploit.

The golden age for EM economic growth is over, but for some EM companies, the opportunity set may be far larger than anything that EM investors have seen to date. Investment Manager, Will Sutcliffe, dispels some of the common misconceptions surrounding EM investing and reveals why he continues to keep the faith.