Signals from the Future
Mathematician, author and broadcaster Professor Hannah Fry joins Scottish Mortgage manager Tom Slater to explore why the future so often surprises us – and uncover the ideas that could reshape the decade ahead. Find out more
Independent Global Investment Managers since 1908
Baillie Gifford is unique in the UK in being a large-scale investment business that has remained an independent private partnership. This ownership structure has allowed us to keep our efforts focused entirely on our clients and their investments and we are now one of the UK’s largest active investment management firms.
Curious
The best investment ideas spring from thinking about future possibilities, not short-term probabilities. From Edinburgh, our research covers the globe. We set no barriers to the imagination of our investors, encouraging fresh perspectives and the use of diverse sources of information.
Active
The world is complex. We believe that the way to generate returns for our clients is to focus on the deceptively simple task of identifying and investing in those companies which have the potential to grow at a faster rate, on a more sustainable basis, than their peers. We conduct rigorous qualitative research to establish whether prospective investments have the competitive, financial and strategic advantages to deliver on that potential.
Long Term
We are long-term investors, not speculators. Our investment philosophy focuses on growth, while our universe is global. Over a century of global investment experience has taught us that patience is vital, so we build long-term committed portfolios that aim to anticipate the next decade, not the next quarter. It’s a philosophy that has guided our investment strategy for over 100 years.
As with any investment, your clients’ capital is at risk. Baillie Gifford & Co Limited is authorised and regulated by the Financial Conduct Authority.
Mathematician, author and broadcaster Professor Hannah Fry joins Scottish Mortgage manager Tom Slater to explore why the future so often surprises us – and uncover the ideas that could reshape the decade ahead. Find out more
As with any investment, your capital is at risk A recent trip to China offered several reminders of how quickly the country is changing. These included an autonomous drive around Beijing, being beaten at table tennis by a robot, and seeing first-hand what ‘quick commerce’ really means. There was much to contemplate on the return […]
Linda Lin, Head of Baillie Gifford’s China Equities Team, joins Scottish Mortgage managers Tom Slater and Lawrence Burns to uncover the companies driving China’s next wave of growth and ask what investors may be overlooking in one of the world’s most misunderstood markets.
Is AI the only driver of future growth, or are there other opportunities on the horizon? Scottish Mortgage managers Tom Slater and Lawrence Burns explain how patience, culture and adaptability shape their search for exceptional long-term investments.
Join Baillie Gifford on Wednesday 7th October at 11.00am for an Upfront discussion exploring portfolio construction and exceptional growth opportunities. Does the traditional 60/40 portfolio still have a place, and where are tomorrow’s growth opportunities emerging?Join host Cherry Reynard, Investment Specialist Lucy Haddow and Head of Global Discovery Douglas Brodie for a 30-minute Upfront discussion exploring portfolio […]
Key points As with any investment, your capital is at risk.
Investment manager Kate Fox explores how Positive Change is broadening its portfolio while keeping a long-term focus on growth and real-world impact. Capital at risk.
As with any investment, your capital is at risk. It’s a process, not a molecule Having become synonymous with its Covid vaccine, Moderna suffered a series of missteps in the aftermath of the pandemic. Five years later, Moderna has a respiratory vaccine franchise that is gaining solid momentum. The company has demonstrated disciplined cost-cutting, is […]
As with any investment, your capital is at risk and any income is not guaranteed. Key points Your weekly food shop tells the story of inflation better than any economist. Today, the same trolley of groceries costs about 30 percent more than it did in 2021. And each price rise along the way arrived without […]
Greek loans, Polish denim, German cookers: the new shape of European growth Key points Capital at risk. Find out more
Baillie Gifford’s Mike Gush explains why emerging markets’ growing role in global growth, manufacturing and innovation, means investors may need to rethink their allocations. Capital at risk. Key points Now lost to ruins, Muziris was once one of India’s great trading ports. For centuries traders sailed to the ancient city to buy black pepper, prized […]
As with any investment, your capital is at risk My closest colleagues are already sick of hearing me talk about the changing shape of internet traffic. Earlier this year, bots (is this now the junk word that we used to use for ‘agents’?) overtook humans as the main source of web requests. This surely makes […]
Key points Global equity portfolios remain underweight emerging markets, despite their central role in global growth, manufacturing and the technologies underpinning AI. The recent leadership of Asian tech companies isn’t a reason for caution, but a sign that emerging markets now supply the infrastructure behind global growth. Emerging markets are reorganising rather than retreating from […]
Wednesday 23 September 2026, 11:00–12:30 (UK) Join the conversation as Scottish Mortgage managers Tom Slater and Lawrence Burns explore AI, China and the forces shaping the decade ahead, and what they could mean for the portfolio. They’ll be joined by mathematician and broadcaster Professor Hannah Fry, Wharton Professor and AI expert Ethan Mollick and Linda Lin, […]
Key points Emerging markets offer durable demand stories that extend beyond AI and semiconductor headlines Vietnamese retail, Chinese transportation and Argentine energy show how change can come from overlooked places The team looks off benchmark for companies it believes are tied to long-term shifts in daily life As with any investment, your capital is at […]
The Emerging Markets Team shares insights on Q2 2026 covering the strategy’s recent performance, portfolio adjustments, and market influences. As with any investment, your capital is at risk. “You can’t always get what you want.” – The Rolling Stones I recently went to Amsterdam to participate in an emerging markets roundtable. On arrival at Schiphol, I […]
As with any investment, your or your clients’ capital is at risk. Any income is not guaranteed and can fall as well as rise. SAINTS’ objectives are to provide a high, dependable income for shareholders, while growing capital and income ahead of inflation. Its role isn’t to mirror the market index, but to offer a […]
Investment Specialist Chloé Darling-Stewart discusses SpaceX’s landmark IPO, why we sold Tesla after 13 years, and where we see new opportunities as AI reshapes demand for power.
ASML CEO Christophe Fouquet tells Scottish Mortgage manager Lawrence Burns why, without the firm's extreme ultraviolet (EUV) technology, there would be no AI.
Investment specialist Barry Templeton gives an update on the Cautious Managed Fund covering Q2 2026.
Investment specialist Barry Templeton gives an update on the Managed Fund covering Q2 2026.
In this episode of Upfront, James Budden and James Dow discuss recent developments in Baillie Gifford's investment trusts, the case for active investing in concentrated markets, and Sea Limited's ecommerce growth in Southeast Asia. Capital at risk.
From late-night convenience to everyday essentials, Gopuff is rethinking how people shop. Scottish Mortgage has backed Gopuff since 2021 – and in the latest episode of Invest in Progress, co-founder Yakir Gola discusses the company's long-term ambition.
Lawrence Burns reflects on the past 12 months and what the agentic era of AI could mean for growth investors.
From AI infrastructure and space-based connectivity to digital finance, Tom Slater reflects on a year defined by disruption and opportunity.
Protecting spending power is a key challenge for long-term investors. Steven Hay explores how the Baillie Gifford Monthly Income Fund seeks to provide monthly income while preserving long-term value. Capital at risk and income not guaranteed.
Baillie Gifford's Andrew Keiller explains why emerging markets are producing more standout businesses. Capital at risk.
Baillie Gifford's Qian Zhang explores why a multipolar world could increasingly favour emerging markets. Capital at risk.
Bonds may not hedge every shock, but they still protect balanced portfolios when growth falters. Capital at risk.
Baillie Gifford Investment manager Roderick Snell explains why emerging markets look increasingly compelling. Capital at risk.
A new paper by investment manager Alex Summers explains how Baillie Gifford’s Emerging Markets Team seeks to use deep and differentiated research to test where we differ from consensus and to build real conviction. Capital at risk.
Global equity portfolios remain systematically underweight Emerging Markets despite these economies being home to many world-leading growth businesses. Capital at risk.
The American public’s tastes and habits are splintering. How will this affect US growth companies? Baillie Gifford’s Dave Bujnowski explains. Capital at risk.
Discover the companies driving change, from digital banking and new medicines to the future of urban air travel.
Learn why increasing numbers of shoppers and stores are turning to Affirm’s buy now, pay later service as an alternative to credit cards. Co-founder and chief executive Max Levchin reveals the technology that underpins his company’s promise of no late charges and no hidden fees. And he explains how AI-powered shopping agents could supercharge the business.
Given the materiality of the SpaceX position within the Scottish Mortgage portfolio, and in light of recent speculation and uncertainty surrounding a potential SpaceX IPO, this communication aims to provide shareholders with greater clarity and transparency.
Hear how biotech Enveda has developed a unique process to discover ingredients in plant life to create a new generation of blockbuster drugs. Founder and chief executive, Viswa Colluru, tells Scottish Mortgage manager Tom Slater how the AI-enabled business is pursuing a trillion-dollar opportunity.
Investment Specialist Chloé Darling-Stewart explores why artificial intelligence represents a defining paradigm shift, examines the portfolio’s exposure to companies at the forefront of this transformation and outlines how Scottish Mortgage is positioned for what comes next.
Taking a look beyond market noise: a balanced approach that combines growth companies, bonds and cash in one portfolio.
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