Long Term Global Growth: Baillie Gifford's philosophy
Investment manager Mark Urquhart introduces Long Term Global Growth, reflecting on the exciting opportunities ahead.
Long Term Global Growth is an unconstrained equity strategy focused on exceptional companies. Baillie Gifford invest over the long term in listed firms with the scope to grow to many multiples of their current size over the next decade.
Proprietary stock research process
10-question stock research process provides a disciplined framework to counter the noise and complexity of investment markets.
Unconstrained global equity strategy
Companies are selected purely on merit without regard to benchmarks, market themes, sectors or regions.
Highly concentrated
portfolio
Belief that a concentrated portfolio of between 30-60 stocks has greatest potential for long-term market-defying growth*.
*Actual numbers held tend to be at the lower end of this range.
Fund facts
Invest in a portfolio of exceptional companies from around the globe that have the potential to achieve market-defying growth over the long term.
Investment objective: To outperform the MSCI All Country World Index in AUD per annum, over rolling five year periods before management fees and taxes.
22 October 2018
Global Equity – active, long only, fundamental, benchmark agnostic, strong growth bias
Half-yearly
Between 30 and 60 companies
At least 7 years
0-5%
0.95% p.a. Class A
1.05% p.a. FirstChoice Wholesale Investment
1.08% p.a FirstChoice Wholesale Personal Super and Pension Performance fee
N/A
$25,000 (Class A)
$20,000 FirstChoice Wholesale Pension
$1,000 FirstChoice Wholesale Investments
Nil FirstChoice Wholesale Personal Super
FSF5774AU - Class A
FSF1227AU - FirstChoice Wholesale Personal Super
FSF1213AU - FirstChoice Wholesale Pension
FSF1201AU - FirstChoice Wholesale Investments
*Please refer to the Product Disclosure Statement (PDS) for further details on fees and other costs that apply.
#We may be able to accept below the minimum at our discretion.
Resources
Meet the team
Mark Urquhart
- Investment Manager, Partner
Mark Urquhart
- Investment Manager, Partner
Mark is the head of the Long Term Global Growth Team, a strategy which he co-founded in 2003. Mark joined Baillie Gifford in 1996, initially working as an Investment Analyst and Manager in the US, UK and Japanese Equities teams. He became a Partner in 2004. Mark graduated BA in Philosophy, Politics and Economics from the University of Oxford in 1992 and spent a year at Harvard as a Kennedy Scholar in 1993 before completing a PhD in Politics with a thesis on Nationalism in the EU at the University of Edinburgh in 1996.
John Macdougall
- Investment Manager, Partner
John Macdougall
- Investment Manager, Partner
John is an Investment Manager and member of the Long Term Global Growth (LTGG) and China A-share Teams. He has been a Partner in the firm since 2016. He joined Baillie Gifford in 2000 and after a year in the North American department joined the Japanese team. From 2007 onwards, he managed the Shin Nippon Investment Trust and in 2011 moved to the Global Discovery team. He joined the LTGG team in 2015. John spent two years in Shanghai as Chairman of Baillie Gifford’s China office before returning to Edinburgh in January 2022. John graduated MA in Ancient & Modern History from the University of Oxford in 2000.
Michael Pye
- Investment Manager
Michael Pye
- Investment Manager
Michael has been with Baillie Gifford for nine years. He has a BA (Hons) in Classics from the University of Cambridge in 2007 and an MLitt (2009) and PhD (2013) in Iranian Studies from the University of St Andrews. He has a particularly keen interest in climate change and related technologies. He has driven much of the work around LTGG’s climate ambitions and related engagement.
Gemma Barkhuizen
- Investment Manager
Gemma Barkhuizen
- Investment Manager
Gemma has been with Baillie Gifford for five years. She has a BA (Hons) in History and a BA double major in History and Philosophy from Rhodes University in South Africa, along with an MA in Modern History from Durham. Having grown up in South Africa she brings a helpful and different slant in relation to evolving societal attitudes. Gemma has for example, challenged our perceptions around the future of food and farming and the extent to which alternative proteins might enter the mainstream over the next decade.
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Get in touch
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Fund Manager of the Year awards do not constitute investment advice offered by FE Money Management and should not be used as the sole basis for making any investment decision. All rights reserved. © 2021 FE Money Management.
The Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec) rating was issued on 17 April 2023 and assigned to Baillie Gifford Long Term Global Growth Fund — Class A (FSF5774AU). Ratings are general advice only, and have been prepared by Lonsec without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2023 Lonsec. All rights reserved.
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating was issued on 29 November 2023 and assigned to Baillie Gifford Long Term Global Growth Fund — Class A (FSF5774AU). The rating is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice by Zenith has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners. com.au/RegulatoryGuidelines.
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Information on this webpage is provided by Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 and Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468. It may include general advice but does not consider anyone’s individual objectives, financial situation, needs or tax circumstances. You should read the relevant Product Disclosure Statements (PDSs), Investor Directed Portfolio Service Guides (IDPS Guides) and Financial Services Guides (FSGs) before making any recommendations to a client. The PDSs, IDPS Guides and FSGs can be obtained from www.cfs.com.au or by calling us on 13 18 36. Past performance is no indication of future performance.