Send us an enquiry

Send us an enquiry

Since inception in 1997, this strategy has outperformed its benchmark in 8 out of the 12 calendar years. At the end of the last calendar year*, the portfolio has delivered an alpha of 1.84% since launch with a beta of 1.03 and an information ratio of 49%. At inception capacity was fixed at US$ 3bn of net new investment.  We are currently open for new investments but will close once we reach our capacity limit.

Strategy Objective

Strategy Objective

To outperform the return of the MSCI Emerging Markets Index by 3% a year over the course of a full market cycle.

 

Launch date: August 1997

Product Fact Sheets

Product Fact Sheets

For enquiries about this strategy or to request a fact sheet, please use the enquiry form in the left column.

Product Overview

Product Overview
Benchmark: MSCI Emerging Markets
Target Alpha: 3% pa over full market cycle
Investment area: Asia, Latin America, Europe, Middle East and Africa
Average holdings: 70-90

Investment Process

Investment Process

We aim to capitalise on inefficiencies in emerging markets through active management. This primarily involves fundamental analysis and a focus on stockpicking by our team of experienced fund managers. We then overlay this global equity approach with a top-down country and sector analysis.

  • Country fund managers are individually responsible for each stock decision.
  • While emerging markets offer growth, we do not want to overpay so we adopt a GARP philosophy – growth at a reasonable price.
  • Value is added at both country and stock level.
  • Portfolio risk is controlled through diversification and country, sector and stock weighting constraints.

 

*as at the end of December 2009

Investment Philosophy

Investment Philosophy

We believe emerging markets and Asia are different to developed markets and are changing rapidly. It takes experience and a specialist approach to keep up with these changing markets. The way we invest is built on this rapid change which means we can add value for our customers through active management. Our track record proves we can do this.

We believe that fundamental research harnessed by our investment process can generate strong risk-adjusted returns. Our research considers investments at both an individual stock level and country level. This is important for our markets, where analysis of economic and political developments can yield opportunities.

Team Profile

Team Profile