Pension
FACT BOX
MANAGERS : Mark Mobius & Carlos Hardenberg / LAUNCHED : 01 / 10 / 2018 / DISCOUNT / PREMIUM : -3.7 % / OCF : 1.5 %
CROWN RATING
an ESG review . While some investors remain sceptical about this method of analysis , Hardenberg noted this is what stopped them investing in eastern Europe , particularly Russia , as “ the governance was very bad ”. “ We are one of the very few funds that had zero exposure to Russia , Ukraine or eastern Europe in general at the time that the war broke out ,” he said .
However , this stage of their process has also made it difficult to invest in Latin America , which has acted as a headwind to performance this year . Mobius said Asia outside of China offers the best opportunities , and he is particularly excited about Taiwan . The trust is expensive , with an OCF of 1.5 %. So far , however , it has shown you get what you pay for .
Performance of trust vs sector and index since launch
Mobius Investment Trust ( 31.4 %)
IT Global Emerging Markets ( 18.9 %)
MSCI Emerging Markets ( 15.4 %)
80 %
60 %
40 %
20 %
0 %
-20 %
-40 %
Nov18 |
May19 |
Nov |
May20 |
Nov |
May21 |
Nov |
May22 |
Source : FE Analytics
Issue 88 - October 2022 / 51 /