Fund
FACT BOX
MANAGERS : James Donald , Ganesh Ramachandran , Monika Shrestha & Rohit Chopra / LAUNCHED : 08 / 05 / 2018 / FUND SIZE : $ 240m / OCF : 1.16 %
CROWN RATING
of the broader market has generally been strong over the last 20 years , and it is only in more recent years that the fund has struggled , as his relative value approach has been a headwind in a market which has been driven by higher growth businesses ,” they said . They added that Donald ’ s approach reflects the risks that come with investing in emerging markets : “ This is a sector with thousands of listed companies where there can be poor disclosures and transparency , insufficient corporate governance and complicated stock markets . The team has learnt to be appreciative of the threats and opportunities that come around over time .”
Performance of fund vs sector and index since launch
IA Global Emerging Markets ( 5.8 %)
40 % 30 % 20 % 10 %
MSCI Emerging Markets ( 8.3 %)
Lazard Emerging Markets Equity ( 1.1 %)
0 % -10 % -20 % -30 %
Jun18 |
Dec |
Jun19 |
Dec |
Jun20 |
Dec |
Jun21 |
Dec |
Jun22 |
Source : FE Analytics
Issue 90 - December 2022 / 41 /