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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
Buyside Digest is not affiliated with, and does not endorse, Baillie Gifford -Emerging Markets. This analysis is provided for institutional research purposes only and is not investment advice.
"The fund performed strongly in Q3 2025 with a 13.32% return, driven by AI hardware demand and Chinese market stabilization, while actively reshaping the portfolio toward higher-conviction growth names."
The Baillie Gifford Emerging Markets Equities Fund generated a solid return of 13.32% in Q3 2025, outperforming its benchmark's 10.95% return. Strong performance was largely driven by hardware chipmakers capitalizing on AI demands and a recovery in China and Korea. Key updates include switching HK-listed CATL shares into the cheaper A-share line, and establishing new positions in Eletrobras, DiDi Global, FPT, Hyundai Glovis, Kanzhun, and Sanhua Intelligent Controls, while fully exiting NAVER, Shenzhou International, and Haier Smart Home. High real rates remain a headwind in Brazil, but the overall emerging market setup looks attractive due to robust company balance sheets and positive governance reforms.
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Algorithmic conviction, macroeconomic posture, and risk appetite signals extracted from this quarterly letter with qualitative explanations.
Market Conviction
High-conviction positioning: The fund performed strongly in Q3 2025 with a 13.32% return, driven by AI hardware demand and Chinese market stabilization, while actively reshaping the portfolio toward higher-con...
Growth Outlook
Market outlook remains high conviction: The fund performed strongly in Q3 2025 with a 13.32% return, driven by AI hardware demand and Chinese market stabilization, while actively reshaping the portfolio toward higher-con...
Risk Appetite
Risk appetite posture is above average conviction: The fund performed strongly in Q3 2025 with a 13.32% return, driven by AI hardware demand and Chinese market stabilization, while actively reshaping the portfolio toward higher-con...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. The fund performed strongly in Q3 2025 with a 13.32% return, driven by AI hardware demand and Chinese market stabilization, while actively reshaping the portfolio toward higher-con...
Forward Guidance
Forward guidance signal: The fund performed strongly in Q3 2025 with a 13.32% return, driven by AI hardware demand and Chinese market stabilization, while actively reshaping the portfolio toward higher-con...
Language Signal
Tone analysis indicates high conviction language: The fund performed strongly in Q3 2025 with a 13.32% return, driven by AI hardware demand and Chinese market stabilization, while actively reshaping the portfolio toward higher-con...
Perceived Risk
Perceived risk level is evaluated as moderate conviction. The fund performed strongly in Q3 2025 with a 13.32% return, driven by AI hardware demand and Chinese market stabilization, while actively reshaping the portfolio toward higher-con...
Opportunity Density
Opportunity density index indicates high conviction actionable entry points. The fund performed strongly in Q3 2025 with a 13.32% return, driven by AI hardware demand and Chinese market stabilization, while actively reshaping the portfolio toward higher-con...
Time Horizon
Investment time horizon reflects a high conviction orientation. The fund performed strongly in Q3 2025 with a 13.32% return, driven by AI hardware demand and Chinese market stabilization, while actively reshaping the portfolio toward higher-con...
