Baillie Gifford otherwise unbanked , helping to enable financial inclusion and inclusive growth . Its advantage ? “ A very extensive network of rural agents and bank branches . Indonesia is a vast country with thousands of islands and other banks can ’ t build up an infrastructure to compete ,” says Qian . Similarly , Nu Holdings , a digital bank in Latin America , is helping to promote financial inclusion by providing cheaper and more accessible services , including bank accounts , credit cards and personal loans . There are about 134 million unbanked adults across Brazil , Mexico and Colombia , with the rest of the population receiving a substandard but expensive banking service . Nu can play an important role in fostering innovation and competition , Qian says : “ Although Nu is not the only fintech player in Latin America , by virtue of the company ’ s scale and success , its impact has been far greater .”
The Fund invests in companies that make a positive impact on society and / or the environment . This means the Fund won ’ t invest in certain sectors and companies , limiting the investments available to the Fund . Therefore , the Fund ’ s returns may be different to those of a fund or trust which has no such restrictions .
Investments with exposure to overseas securities can be affected by changing stock market conditions and currency exchange rates .
This article does not constitute , and is not subject to the protections afforded to , independent research . Baillie Gifford and its staff may have dealt in the investments concerned . The views expressed are not statements of fact and should not be considered as advice or a recommendation to buy , sell or hold a particular investment .
Baillie Gifford & Co Limited is authorised and regulated by the Financial Conduct Authority . Baillie Gifford & Co Limited is an Authorised Corporate Director of OEICs . All data is sourced from Baillie Gifford & Co unless otherwise stated .
Issue 86 - July 2022 / 23 /