Fund Objective

To maximise the total return through investment primarily in a concentrated portfolio of the larger and more tradeable companies, as measured by the value of their freely floating shares and value of shares traded, in emerging markets worldwide and in any economic sectors of such markets.

View on Past Performance

We are currently experiencing a period of extreme volatility in emerging markets as weakness in the financial sector in developed markets has led to indiscriminate selling of equities in emerging economies. Whilst we do not know when this may end, we are already seeing very attractive valuations for a number of individual investments.GDP growth in most of these emerging economies is likely to continue to be strong, albeit with some moderation when compared to previous years. Against this backdrop, the long-term prospects for the companies in which the Fund invests remain solid. Valuations appear to incorporate a particularly pessimistic scenario, which may offer opportunities to the long term investor.

Fund Details