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Baillie Gifford Global Alpha Growth Fund Letters & Research Archive

5 pieces · 2025–2026 · updated every Monday

2026

09-09Baillie Gifford Global Alpha Growth Fund Factsheet→08-11Baillie Gifford Global Alpha Growth Fund Factsheet→07-09Baillie Gifford Global Alpha Growth Fund FactsheetThis factsheet reports that Baillie Gifford’s global growth fund gained 11.7% over the past year, far behind its benchmark, the MSCI ACWI world stock index, which returned 28.2%; it also underperformed over six months and longer periods. The managers give no explicit market outlook, but they keep big bets on growth companies: TSMC (6% of assets, the top holding), Nvidia (5.1%, benefiting from AI-chip demand) and Alphabet (3.7%). The fund is under…→04-01Baillie Gifford UK & Balanced Funds ICVC Annual Report - January 2026This article sums up the annual report of two Baillie Gifford funds. In the year to January 2026, while AI hype lifted global markets, the Global Alpha Growth Fund returned only 2.7% versus 10.8% for world stocks, and its five-year record also missed its target — so the author is cautious. The report also made quiet rule changes: UK Equity Alpha Fund may now put up to 20% of assets in non-UK companies, and five funds dropped their "target return"…→

2025

09-30Baillie Gifford UK & Balanced Funds ICVC Interim Report - July 2025This is a half-year update for a Baillie Gifford global growth fund. The manager stays focused on picking quality companies for the long term and doesn't trade on macro forecasts, though short-term swings are expected. Over a quarter of the fund is invested in AI-related businesses. During the period it added Japanese semiconductor equipment makers, sold miners and industrial cyclicals, and bought DoorDash and Dollar General. NVIDIA, the top hold…→