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Baillie Gifford Global Discovery

Elite Rated by FundCalibre

Renowned for the quality of its in-house research, Baillie Gifford brought its small-cap teams together in 2011 to form the global discovery team. The fund consists of what the team believe to be the most innovative and fast-growing companies in the world. It has a strong growth bias and is aggressive in nature.

Company Description

Founded in 1908 and employee-owned, Baillie Gifford is based in Edinburgh but has offices in London and New York. Awarded the Elite Provider for Equities Rating in both 2016 and 2017, it specialises globally in equities, fixed income and multi-asset portfolios.


Fund Manager

Douglas Brodie graduated with a BSc in Molecular Biology & Biochemistry from Durham University in 1997 and with a DPhil in Molecular Immunology from the University of Oxford in 2001. He joined Baillie Gifford in 2001 and is head of the global discovery team. Douglas is a CFA charterholder. He is supported by a number of experienced regional specialists.


The world has become more dynamic. The unrelenting impact of technology is driving new business creation and forcing change onto what were previously stable industries. This opens up new opportunities for small fleet-footed innovators and we believe it opens up opportunities for us too.

Douglas Brodie - Fund Manager

The Investment Process

Doug and his team take an unusual approach when looking for investments. They don’t use generic screens to create lists of potential stocks, nor do they use broker research. Instead, the team think about the kinds of companies they would like to invest in, and undertake fundamental stock research to find opportunities. Each member of the team has expertise in areas outside of finance, so they can truly understand their companies. They look for businesses doing something very different in their space, which may well be loss-making, so long as the team can see future potential.


As the underlying companies are small in size and are targeting growth, this fund is significantly more volatile and risky than the global stock market. Also, while some stock, sector and country limits are in place, the fund can stray away from its index, which has the potential to further increase the volatility.

Our Opinion

This fund lends itself well to Baillie Gifford’s strengths, namely rigorous company research, with a long-term perspective. The focus on growth and smaller companies separate this fund from many others in the global sector. While this fund is perhaps not for the faint hearted, investors have, so far, been richly rewarded.

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