The Fund will aim to achieve long-term capital growth primarily through investment in equities or equity-related securities of companies established and/or listed on an exchange in emerging markets, or companies which are established and/or listed on exchanges outside emerging markets but which carry out a significant proportion of their economic activity in emerging markets and/or are controlled by entities established and/or listed in emerging markets.
Fund features
A core fund seeking to generate alpha across emerging market cycles
Archie Hart
Portfolio Manager, Emerging Markets Equities
Archie is a co-portfolio manager for the Emerging Markets Equity and Emerging Markets ex China Equity...
Varun Laijawalla
Portfolio Manager, Emerging Markets Equities
Varun is a co-portfolio manager for the Emerging Markets Equity and Emerging Markets ex China Equity...
Investment objective summary
The Fund will aim to achieve long-term capital growth primarily through investment in equities or equity-related securities of companies established and/or listed on an exchange in emerging markets, or companies which are established and/or listed on exchanges outside emerging markets but which carry out a significant proportion of their economic activity in emerging markets and/or are controlled by entities established and/or listed in emerging markets.
Fund features
A core fund seeking to generate alpha across emerging market cycles
Archie Hart
Portfolio Manager, Emerging Markets Equities
Archie is a co-portfolio manager for the Emerging Markets Equity and Emerging Markets ex China Equity strategies in the 4Factor team at Ninety One.
He joined Ninety One in 2008 from WestLB Mellon Asset Management where he was responsible for managing Latin American portfolios and maintaining the analytical coverage for this region. Prior to this, Archie worked for Deutsche Bank for seven years, starting as head of regional research in Hong Kong, then becoming a regional media analyst, and moving to London where he marketed Deutsche’s Asian equity product to institutional clients.
Prior to this, Archie worked for BZW Asia in Hong Kong where he sold Asian equities to clients. Also in Hong Kong, Archie worked as an investment analyst for Crosby Securities before being promoted to head of Hong Kong research and deputy managing director, and subsequently moving to their sales team. He started his career at Royal Life Fund Management in London as an investment analyst.
Archie graduated in 1986 from the University of Sheffield with a degree in Business Studies.
Varun Laijawalla
Portfolio Manager, Emerging Markets Equities
Varun is a co-portfolio manager for the Emerging Markets Equity and Emerging Markets ex China Equity strategies in the 4Factor team at Ninety One.
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Prior to joining Ninety One, he was vice president of Asia ex-Japan Equity Sales at Macquarie Capital Securities, and was based in Hong Kong for 5 years.
Varun started his career in London at Corporate Value Associates, where he consulted blue-chip corporates in the Financial Services sector. Varun holds an MBA from INSEAD with a specialization in Finance. He earned a degree in Bachelor of Science in Management from the University of Warwick.
Top & bottom region weightings vs comparative index (%)
Top & bottom sector weightings vs comparative index (%)
Top & bottom stock weightings vs comparative index (%)
Top holdings (%)
Portfolio statistics
Fund
Index
Asia
74.4
Latin America
9.4
Africa
3.4
Eastern Europe
1.9
United States
1.1
Emerging Markets
Europe ex UK
Other
5
Cash
4.8
Geographic breakdown (%)
Asia
Fund: 74.4%
Index: 0%
Latin America
Fund: 9.4%
Index: 0%
Africa
Fund: 3.4%
Index: 0%
Eastern Europe
Fund: 1.9%
Index: 0%
United States
Fund: 1.1%
Index: 0%
Emerging Markets
Fund: 0%
Index: 99.4%
Europe ex UK
Fund: 0%
Index: 0.6%
Other
Fund: 5%
Index: 0%
Cash
Fund: 4.8%
Index: 0%
Sector breakdown (%)
Information Technology
Fund: 38.4%
Index: 43.8%
Financials
Fund: 15.8%
Index: 19.3%
Health Care
Fund: 7.2%
Index: 2.7%
Industrials
Fund: 7.1%
Index: 6.3%
Consumer Discretionary
Fund: 7.1%
Index: 7.1%
Materials
Fund: 6.1%
Index: 5.8%
Communication Services
Fund: 5.8%
Index: 5.9%
Consumer Staples
Fund: 3.6%
Index: 2.6%
Energy
Fund: 2%
Index: 3.4%
Utilities
Fund: 1.3%
Index: 1.9%
Unclassified
Fund: 0%
Index: 0.3%
Other
Fund: 0.8%
Index: 1%
Cash
Fund: 4.8%
Index: 0%
Top & bottom region weightings vs comparative index (%)
China
3%
Hong Kong
1.9%
Mexico
1.3%
Greece
1.2%
United States
1%
Malaysia
-0.5%
Kuwait
-0.5%
Saudi Arabia
-0.7%
South Korea
-2.3%
Taiwan
-10.6%
Top & bottom sector weightings vs comparative index (%)
Pharmaceuticals Biotechnology & Life Sciences
4%
Consumer Staples Distribution & Retail
1%
Consumer Services
0.6%
Capital Goods
0.6%
Health Care Equipment & Services
0.4%
Energy
-1.4%
Insurance
-1.5%
Semiconductors & Semiconductor Equipment
-1.5%
Banks
-2.5%
Technology Hardware & Equipment
-2.5%
Top & bottom stock weightings vs comparative index (%)
Wuxi Apptec Co Ltd
2.7%
Ase Technology Holding Co Ltd
1.6%
Lenovo Group Ltd
1.3%
SK Hynix Inc
1.3%
MediaTek Inc
1.2%
Sk Square Co Ltd
-0.6%
Petroleo Brasileiro Sa - Petrobras
-0.7%
Hon Hai Precision Industry Co Ltd
-0.8%
Delta Electronics Inc
-0.9%
Taiwan Semiconductor Manufacturing Co Ltd
-6%
Top holdings (%)
Taiwan Semiconductor Manufacturing Co Ltd
9.6%
Samsung Electronics Co Ltd
8.9%
SK Hynix Inc
7.2%
MediaTek Inc
3%
Tencent Holdings Ltd
3%
Wuxi Apptec Co Ltd
2.8%
Ase Technology Holding Co Ltd
2.2%
Alibaba Group Holding Ltd
1.7%
Lenovo Group Ltd
1.6%
Shinhan Financial Group Co Ltd
1.4%
Portfolio statistics
Number of equity holdings: 89
Important information
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The Fund aims to achieve long-term capital growth through investment in companies related to emerging markets.
The Fund is subject to investment risk, equities or equity-related securities risk, emerging market risk, exchange rate risk, risks associated with ChiNext Market and/or STAR Board and exchange rate fluctuation risk.
The Fund may use derivatives for the purposes of hedging and/or efficient portfolio management. Investments in derivatives involve additional risks. The Fund’s use of derivatives may become ineffective in hedging and/or in efficient portfolio management and the Fund may suffer significant losses.
In adverse situations, the Fund may suffer significant losses. It is possible that the original amount you invested could be lost.
Investors should not solely rely on this document to make investment decisions.