Risk factors
The views expressed should not be considered as advice or a recommendation to buy, sell or hold a particular investment. They reflect opinion and should not be taken as statements of fact nor should any reliance be placed on them when making investment decisions.
This communication was produced and approved in July 2024 and has not been updated subsequently. It represents views held at the time of writing and may not reflect current thinking.
Potential for profit and loss
All investment strategies have the potential for profit and loss, your or your clients’ capital may be at risk. Past performance is not a guide to future returns.
This communication contains information on investments which does not constitute independent research. Accordingly, it is not subject to the protections afforded to independent research, but is classified as advertising under Art 68 of the Financial Services Act (‘FinSA’) and Baillie Gifford and its staff may have dealt in the investments concerned.
All information is sourced from Baillie Gifford & Co and is current unless otherwise stated.
The images used in this communication are for illustrative purposes only.
Annual past performance to 30 June each year (net%) US dollars
2024
2023
2022
2021
2020
Positive Change Composite
MSCI ACWI Index
1.9
24.3
-38.7
65.7
47.5
19.9
17.1
-15.4
39.9
2.6
Annualised returns to 30 June 2024 (net%) US dollars
*Inception date: 31 January 2017. Source: Baillie Gifford & Co and MSCI. USD. Returns have been calculated by reducing the gross return by the highest annual management fee for the composite.
Since inception*
10 years
5 years
1 year
16.8
N/A
13.8
1.9
11.2
N/A
11.3
19.9
Positive Change Composite*
MSCI ACWI Index
Annual past performance to 30 June each year (net%) sterling
2024
2023
2022
2021
2020
2.5
18.7
-29.9
48.2
51.9
20.6
11.9
-3.7
25.1
5.7
Positive Change Composite
MSCI ACWI
Since inception
10 years
5 years
1 year
16.8
N/A
13.9
2.5
11.1
N/A
11.4
20.6
Positive Change Composite*
MSCI ACWI Index
Annualised returns to 30 June 2024 (net%) sterling
*Inception date: 31 January 2017. Source: Baillie Gifford & Co and MSCI. USD. Returns have been calculated by reducing the gross return by the highest annual management fee for the composite.
Past performance is not a guide to future returns.
Legal notice: MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data 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.
Important Information
Baillie Gifford & Co and Baillie Gifford & Co Limited are authorised and regulated by the Financial Conduct Authority (FCA). Baillie Gifford & Co Limited is an Authorised Corporate Director of OEICs.
Baillie Gifford Overseas Limited provides investment management and advisory services to non-UK Professional/Institutional clients only. Baillie Gifford Overseas Limited is wholly owned by Baillie Gifford & Co. Baillie Gifford & Co and Baillie Gifford Overseas Limited are authorised and regulated by the FCA in the UK. Persons resident or domiciled outside the UK should consult with their professional advisers as to whether they require any governmental or other consents in order to enable them to invest, and with their tax advisers for advice relevant to their own particular circumstances.