Baillie Gifford’s £616m Global Stewardship Fund will be renamed the Sustainable Growth Fund on 31 March.
Our investment proposition remains focused on long-term growth with a strong focus on sustainability. However, the normal holding count will be reduced to 55-88 instead of the current 70-100.
According to the latest factsheet, it returned -35.1% in the 12 months ended December 31, 2022, while the benchmark MSCI ACWI fell just 7.6%. The fund has the largest weight in the US (42.4%), followed by Japan (14.1%) and the UK (6.4%).
For the first time since its launch in 2015, the fund will have a dedicated team led by Toby Ross (pictured) and Katherine Davidson. Ross has been closely involved in the development of Baillie Gifford’s Responsible Global Equity Income Strategy and continues to provide input to decision making. He will be Baillie Gifford’s partner from May 2023.
Davidson will join Baillie Gifford in September 2022. After a 14-year career at Schroders, he was a dedicated Sustainability Fund Manager.
James Budden, Director of Marketing and Distribution, said: It looks for companies that can sustain profitable growth over the long term – companies that thrive because they are engines of good.
“Bailey Gifford Sustainable Growth brings these two aspects together and Toby and Katherine are well positioned to deliver returns to investors in this way. and Katherine recently joined us with the clear intention of managing this exciting sustainable growth approach.”
