The fund’s investment objective is to achieve long term capital growth by investing in the emerging markets of the world. The fund will invest in equity or equity related securities (including warrants and convertible securities) and fixed interest securities which provide exposure to emerging markets. The portfolio may also include shares in investment trusts and other closed end funds which are themselves dedicated to investment in emerging markets, as well as in securities of companies which, whilst listed on eligible stock exchanges, conduct a significant proportion of their business in emerging market countries and may, therefore, be expected to participate in their growth. Investment will be in directly held transferable securities. The fund may also invest in collective investment schemes, warrants and money market instruments.
The key reason for investing in global emerging markets is to get access to their strong long-term growth potential. Emerging market economies are generally growing at a faster rate than the developed world and this is a trend which is set to continue for many years. Furthermore, these economies are increasingly driving their own growth. Factors such as domestic consumer spending and trade between emerging market countries are becoming much more important.Therefore, emerging markets are less reliant on global economic growth than they have been in the past. Investors should also be encouraged by the improvements we have seen across many emerging markets in recent years, including much lower inflation levels and increased financial strength. As a result of these improvements, emerging market countries are, broadly speaking, in better shape than the developed world in terms of factors including government debt levels.The depth of our investment resources enables us to carry out high quality 'on the ground' research in these countries and take maximum advantage of this compelling investment potential.
239.10p
