Global Stewardship - Portfolio Update
Alasdair McHugh, Product Specialist, gives an update on the activity and positioning of the Global Stewardship portfolio, referring to three fundamentals – returns, resilience and responsibility.
The Baillie Gifford Global Stewardship Fund (the “Fund”) is a long-term sustainable growth fund that invests in global stocks across a diverse range of market sectors.
Baillie Gifford believes that companies which are a net benefit to society, which balance the interests of all stakeholders, and which exhibit a responsible culture are more likely to prosper in the long run. Through engagement with management and voting actions, Baillie Gifford encourages best practice on governance and sustainability matters. This goes beyond Environmental, Social and Governance factors to encompass the company’s strategic direction, corporate culture and alignment with shareholders.
The Fund is a concentrated global equity portfolio that combines the best elements of stewardship and specialist regional expertise to invest in growth businesses over the long term.
Aims to generate excellent long-term returns by investing in companies aligned with the needs of a successful, sustainable society
Diversified across regions, industries and sectors with maximum overweight 20% in any region and 10% in any industry
Assesses companies against minimum standards for responsible business via sector- and
Invest in a portfolio of global companies with exceptional growth potential that also meet Baillie Gifford’s ‘minimum bar’ for conducting responsible business.
Investment objective: To outperform the MSCI All Country World Index in AUD per annum, over rolling five year periods before management fees and taxes.
|14 June 2019||Global Equity – active, long only, fundamental, benchmark agnostic, growth bias||Half-yearly||Between 70 and 100 companies
||At least 5 years
|Cash limit||Management fee1||Performance fee||APIR code
|0-5%||1.00% p.a. (Class A)
||None||FSF4018AU (Class A)||
1Please refer to the Product Disclosure Statement (PDS) for further details on fees and other costs that apply.
Andrew joined Baillie Gifford as Head of Governance and Sustainability in May 2015 and has been a member of the Global Stewardship Portfolio Construction Group since inception. In his previous role as Chief Sustainability Officer for RBS, Andrew was responsible for helping to rebuild RBS’s approach to corporate responsibility after the financial crisis. He is a member of the Financial Reporting Council’s Investor Advisory Group and is a former Chairman of the UK Global Compact Network. Andrew graduated MA in History from the University of Edinburgh in 1999 and MSc in International Development from London’s School of Oriental and African Studies (SOAS) in 2001. He has subsequently obtained a Postgraduate Diploma in Sustainable Business from the University of Cambridge.
Iain is a founding member of the Global Stewardship Portfolio Construction Group and is the lead manager of our UK Core strategy. Most recently, Iain served as Chief of Investment Staff from 2013 to 2018 and became a Partner of the firm in 2005. He initially joined Baillie Gifford in 1994 and spent five years training as an Investment Manager in the US Equities Team before joining the UK Equity Team in 1999. Iain graduated MA in Accountancy from the University of Aberdeen and subsequently trained as a Chartered Accountant.
Matthew is an Investment Manager in the Japanese Equities Team and has been a member of the Global Stewardship Portfolio Construction Group since its inception. He is manager of the Japanese All Cap Strategy and Lead Manager of the Japanese Income Growth Strategy. Matthew joined Baillie Gifford in 2003 and became a Partner in 2018. He is a CFA Charterholder. Matthew graduated BA (Hons) in Natural Sciences (Psychology) from the University of Cambridge in 2000 and holds a PhD in Psychology from the University of Bristol.
Mike has been involved with the Global Stewardship strategy since inception as a member of the Portfolio Construction Group. He is a named manager for Baillie Gifford’s Emerging Markets and China Funds, as well as being responsible for the Emerging Markets Small Cap strategy. Mike first joined Baillie Gifford in 2003 and before moving to the Emerging Markets Equity Team in 2005, Mike worked in the UK and Japanese Equity Teams. Mike became a Partner of the firm in 2020. He is a CFA Charterholder and graduated MEng from the University of Durham in 2003.
Gary has been a member of the Global Stewardship Portfolio Construction Group since its inception in 2015 and is an Investment Manager in the US Equities Team. He graduated MBiochem in Biochemistry from the University of Oxford in 2003 and joined Baillie Gifford the same year. He spent time working on our Japanese, UK and European Equity Teams before moving to the US Equities Team in 2008. Gary is a generalist investor but retains a special interest in the healthcare sector dating back to his undergraduate degree. Gary became a Partner of the firm in 2019.
Josie is an Investment Manager in the European Equity Team and became a member of the Global Stewardship Portfolio Construction Group in 2020. She joined Baillie Gifford in 2016 and spent time in the International Growth, UK Equity and High Yield Bond Teams. Josie started her career in London, working as a global board analyst at Russell Reynolds Associates. Josie graduated MA (Oxon) in Music from the University of Oxford in 2014.
Zaki joined Baillie Gifford in 2007 and in 2017 he became a member of the Global Stewardship Portfolio Construction Group. He is a Senior Analyst in the Global Discovery Investment Team. Zaki graduated BA in Business Accounting and Finance from the University of Newcastle in 2006.
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