Baillie Gifford
Baillie Gifford Emerging Markets
Emerging markets
Jun 2026 → Sep 2026
Our archive holds 3 letters from this strategy, behind 5 investment theses and positions in 12 companies. Every quote below is copied verbatim from the letter it came from.
3 letters in a year · follow all of Baillie Gifford for every strategy.
Performance
as of Sep 30, 2026 · net of fees · USD · Emerging Markets All Cap Composite (net)
- YTD+31.7%index +29.6%
- 1Y+31.7%index +29.6%
- 5Y · /yr+8.5%index +9.4%
- 10Y · /yr+11.0%index +9.5%
Index: MSCI Emerging Markets index
| YTD | 1Y | 5Yper year | 10Yper year | |
|---|---|---|---|---|
| Baillie Gifford Emerging Markets | +31.7% | +31.7% | +8.5% | +11.0% |
| MSCI Emerging Markets index | +29.6% | +29.6% | +9.4% | +9.5% |
Calendar years
- 2025+20.1%index +18.2%
- 2024+25.6%index +26.5%
- 2023+18.0%index +12.2%
- 2022−35.8%index −27.8%
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
One new opportunity in the broader portfolio is Sunny Optical, a Chinese optical components business.
we have been trimming into strength and reinvesting elsewhere.
Our recent additions to Vista Energy and Vale fit this pattern.
Our recent additions to Vista Energy and Vale fit this pattern.
Also held
Its investment theses
- Sunny Optical TechnologySep 2026Sunny Optical is an optical components company with growth opportunities extending beyond smartphones into cars, robots, AR and data centres.
- SK HynixJun 2026SK Hynix is a leading HBM and memory supplier benefiting from AI datacentre demand, pricing power, and high profitability.
- MediaTekJun 2026MediaTek is gaining long-term growth potential from custom cloud AI ASICs, advanced packaging, and expansion beyond smartphones.
- Taiwan Semiconductor Manufacturing CompanyJun 2026Taiwan Semiconductor Manufacturing Company benefits from being a bottleneck supplier of advanced chips across multiple long-term demand waves, including AI.
- CATLJun 2026CATL is viewed as an underappreciated dominant battery leader whose capacity and role in energy infrastructure matter beyond EVs.