Industry news and views from Panacea and our partners.
Baillie Gifford
Baillie Gifford: Mega-caps, ecommerce and SAINTS
In this episode of Upfront, James Budden and James Dow discuss recent developments in Baillie Gifford's investment trusts, the case for active investing in concentrated markets, and Sea Limited's ecommerce growth in Southeast Asia. Capital at risk.
Scottish Mortgage Podcast: In Conversation with Gopuff’s Co-Founder
From late-night convenience to everyday essentials, Gopuff is rethinking how people shop. Scottish Mortgage has backed Gopuff since 2021 – and in the latest episode of Invest in Progress, co-founder Yakir Gola discusses the company's long-term ambition.
Scottish Mortgage Manager Insights: Lawrence Burns
Lawrence Burns reflects on the past 12 months and what the agentic era of AI could mean for growth investors.
Scottish Mortgage Manager Insights: Tom Slater
From AI infrastructure and space-based connectivity to digital finance, Tom Slater reflects on a year defined by disruption and opportunity.
Baillie Gifford: Inflation risk: the quiet test of retirement income
Protecting spending power is a key challenge for long-term investors. Steven Hay explores how the Baillie Gifford Monthly Income Fund seeks to provide monthly income while preserving long-term value. Capital at risk and income not guaranteed.
Baillie Gifford: When consensus fails: EM research in practice
A new paper by investment manager Alex Summers explains how Baillie Gifford’s Emerging Markets Team seeks to use deep and differentiated research to test where we differ from consensus and to build real conviction. Capital at risk.
Baillie Gifford: Emerging Markets: are you missing the point?
Global equity portfolios remain systematically underweight Emerging Markets despite these economies being home to many world-leading growth businesses. Capital at risk.
Baillie Gifford: Emerging markets: home to world-class companies
Baillie Gifford's Andrew Keiller explains why emerging markets are producing more standout businesses. Capital at risk.
Baillie Gifford: Emerging markets: re-globalisation
Baillie Gifford's Qian Zhang explores why a multipolar world could increasingly favour emerging markets. Capital at risk.
Baillie Gifford: Balanced portfolios still need bonds
Bonds may not hedge every shock, but they still protect balanced portfolios when growth falters. Capital at risk.
Baillie Gifford: Emerging Markets: unlocking the next wave of growth
Baillie Gifford Investment manager Roderick Snell explains why emerging markets look increasingly compelling. Capital at risk.
Baillie Gifford: Chaos, culture and the next great US companies
The American public’s tastes and habits are splintering. How will this affect US growth companies? Baillie Gifford’s Dave Bujnowski explains. Capital at risk.
Scottish Mortgage: Perspectives on Progress #18
Discover the companies driving change, from digital banking and new medicines to the future of urban air travel.
Scottish Mortgage Podcast: Why Shoppers are Walking Away from Credit Cards for Affirm
Learn why increasing numbers of shoppers and stores are turning to Affirm’s buy now, pay later service as an alternative to credit cards. Co-founder and chief executive Max Levchin reveals the technology that underpins his company’s promise of no late charges and no hidden fees. And he explains how AI-powered shopping agents could supercharge the business.
SpaceX: Pre IPO Briefing Note – Scottish Mortgage
Given the materiality of the SpaceX position within the Scottish Mortgage portfolio, and in light of recent speculation and uncertainty surrounding a potential SpaceX IPO, this communication aims to provide shareholders with greater clarity and transparency.
Scottish Mortgage Podcast: Enveda
Hear how biotech Enveda has developed a unique process to discover ingredients in plant life to create a new generation of blockbuster drugs. Founder and chief executive, Viswa Colluru, tells Scottish Mortgage manager Tom Slater how the AI-enabled business is pursuing a trillion-dollar opportunity.
Scottish Mortgage Portfolio Update Q1 2026
Investment Specialist Chloé Darling-Stewart explores why artificial intelligence represents a defining paradigm shift, examines the portfolio’s exposure to companies at the forefront of this transformation and outlines how Scottish Mortgage is positioned for what comes next.
Building growth portfolios with fewer decisions
Taking a look beyond market noise: a balanced approach that combines growth companies, bonds and cash in one portfolio.
Baillie Gifford: Retirement income: smooth the journey, not the market
For retirement investors, a steady, growing income stream can help mitigate market volatility. David Rolland of the Baillie Gifford Monthly Income Fund explains.
Baillie Gifford: Navigating retirement income in volatile markets
Steven Hay, co-manager of the Baillie Gifford Monthly Income Fund, discusses aims to help investors draw a dependable monthly income through market ups and downs. Capital at risk and income not guaranteed.
Baillie Gifford: Emerging Markets, AI build and commodities
Investment specialists Philip Rae and Qian Zhang explore growth opportunities in the US, the Emerging Markets Growth Fund, and Accton’s role in the AI infrastructure buildout. Capital at risk.
Scottish Mortgage: IPO Talk is Back
After a four-year drought, IPO talk is back. But a public listing does not mark the end of an investment journey – it is simply a change in venue. What matters is scale, ambition and execution. A listing may change ownership structure, not the opportunity.
Baillie Gifford: The active edge: the case for growth in uncertain times
A series of “extraordinary” events has made the environment more challenging for growth stocks. But “this level of trepidation can’t go on forever”, says Baillie Gifford partner Stuart Dunbar in this latest episode, suggesting that patient investors will benefit when stability returns and the markets value exceptional companies at a premium again.
Scottish Mortgage Investor Webinar: Your Questions Answered
At the latest Scottish Mortgage webinar, portfolio director Claire Shaw was joined by investment managers Tom Slater and Lawrence Burns to answer shareholder questions. Capital at risk.
Baillie Gifford: Investing in the era of private megacaps
Investment specialist Gustav Venter explains why the rise of private-company megacaps requires a fund that can traverse the divide between private and public markets.
Baillie Gifford : An introduction to The Schiehallion Fund
Investment manager Peter Singlehurst outlines the rationale, structure and how Schiehallion can provide access to exceptional private growth businesses.
Baillie Gifford : Upfront: US Equities, Emerging Markets and AI
Join host Cherry Reynard on Tuesday 17 March at 10.30am for the next episode of Upfront, Baillie Gifford’s 30-minute live investment show. Packed with up-to-date topical insights and a live Q&A.
Ballie Gifford: China's new growth leaders: inventing, not copying
Sophie Earnshaw, investment manager on Baillie Gifford’s China Equities Team, examines China’s new generation of growth companies. She explains why innovation – not imitation – is driving long-term opportunities for patient investors.
Baillie Gifford: Fragmenting systems, cultural change
Baillie Gifford investment manager, Dave Bujnowski, on how US culture is becoming chaotic, wreaking havoc for many but creating opportunities for certain types of businesses.