Baillie Gifford
Baillie Gifford China Strategy
Jun 2026 → Sep 2026
Our archive holds 2 letters from this strategy and positions in 19 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in a year · follow all of Baillie Gifford for every strategy.
Performance
as of Sep 30, 2026 · net of fees · USD · China Composite (net)
- YTD−12.5%index −11.5%
- 1Y−12.5%index −11.5%
- 5Y · /yr−5.0%index −1.6%
- 10Y · /yr+5.2%index +4.4%
Index: MSCI China All Shares Index
| YTD | 1Y | 5Yper year | 10Yper year | |
|---|---|---|---|---|
| Baillie Gifford China Strategy | −12.5% | −12.5% | −5.0% | +5.2% |
| MSCI China All Shares Index | −11.5% | −11.5% | −1.6% | +4.4% |
Calendar years
- 2025+30.5%index +25.5%
- 2024+14.9%index +20.6%
- 2023−4.1%index +0.6%
- 2022−38.4%index −31.6%
Disclaimer
These figures are copied from the manager’s latest letter, as of Sep 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
During the quarter we also took advantage of the market pessimism to add selectively to Laopu Gold, PDD and Meituan, where share prices have fallen much further than our assessment of their long-term quality.
We topped up our holdings in China Construction Bank and Yangtze Power.
We also purchased a new holding in Nari, a key soft and hardware supplier to China’s power grid.
During the quarter we also took advantage of the market pessimism to add selectively to Laopu Gold, PDD and Meituan, where share prices have fallen much further than our assessment of their long-term quality.
For example optical transceiver producer Innolight, and Sinocera, a company making high end ceramic powder needed for AI servers.
For example optical transceiver producer Innolight, and Sinocera, a company making high end ceramic powder needed for AI servers.
We topped up our holdings in China Construction Bank and Yangtze Power.
During the quarter we also took advantage of the market pessimism to add selectively to Laopu Gold, PDD and Meituan, where share prices have fallen much further than our assessment of their long-term quality.
During the quarter, we recycled some outperformance from selected semiconductor holdings and added to positions in attractively valued consumer names such as PDD.