The £463m fund, run by Will Sutcliffe, has 10% turnover and 73% active share exposure, focusing on larger more liquid companies from across the emerging markets.
To end February, the fund had a 28.3% weighting to China, and Taiwan and South Korea following at 19.1% and 17.6%. It is almost fully invested with just 0.1% in cash.
Peter Lowman, chief investment officer at Investment Quorum, said: “Global equity markets have delivered a strong quarter with the emerging markets outperforming those of the developed by a considerable margin.
“The overall objectives for Baillie Gifford funds tends to revolve around producing attractive returns over the longer term through stock picking skills and a rigid investment process.
"Investments whether direct, or indirect, are carefully selected, whilst also taking opportunities from a sector perspective, which can also be a powerful deliverer of performance.
“Currently, these funds have meaningful weightings in some of the leading businesses within China and the emerging markets capturing exposure towards sectors such as technology, insurance, industrial goods, retail and personal and household goods.”