MI Somerset Emerging Markets Dividend Growth B Inc USD

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Quick Stats

Bid Price - Offer Price -
Mid Price USX 91.35 Day Change USX -0.11 (-1.11%)
Price Date 22 Aug 2019 Crown Rating 2
Shares Class Inc. Yield 2.91 %
Total Expense Ratio 1.17 Fund Size 849,223,600.00
Launch Date 29/03/2010 Standard Initial Charge (%) 0.00
Currency USX ISA Eligible No
Annual Management Charge (%) 1.00 Sector IMA UK Equity Income
Min Investment (£) 500,000.00 Total Expense Ratio (%) 1.17
ISIN GB00B4P9CN62 Min TopUp (£) 50,000.00
Ongoing Charge (%) 1.1700 Ongoing Charge Date 31/05/2019

Fund Objective

To achieve capital appreciation and income growth by mainly investing in an actively managed portfolio of dividend - paying emerging market securities.

Fund Managers

Edward Robertson

Edward Robertson - Lead Manager & Founder. Edward graduated in 1989 from the University of East Anglia. He worked in Hong Kong and London, before joining Lloyd George Management in 1999. Along with Jacob Rees-Mogg, Edward built the GEM product at Lloyd George Management. He also led the focus on the EMEA region and managed the top-performing Russian Fund - SIBINCO. Edward is lead manager for the EM large cap fund and co-manager of the EM Small Cap and Dividend Growth funds.

Edward Lam

Edward Lam is the Lead Manager of the Somerset Emerging Markets Dividend Growth Fund. Edward joined Somerset Capital Management LLP in November 2007 to cover EMEA and became responsible for managing the research process in 2008. Prior to joining the firm, Edward was a senior analyst at Lloyd George Management covering Asia for GEM mandates and Taiwan for all mandates. Edward is a graduate of Downing College, Cambridge.

Fund Performance

Cumulative Performance

Discrete Performance

Top 10 Holdings

Name Weight
SK HYNIX INC 5.62%
SBERBANK OF RUSSIA 4.69%
COMPANIA CERVECERIAS UNIDAS SA 4.59%
AMBEV SA 4.30%
KWEICHOW MOUTAI 4.27%
HOUSING DEVELOPMENT FINANCE CO 4.12%
FIRST ABU DHABI BANK PJSC 3.98%
OTP BANK 3.97%
X5 RETAIL GROUP N.V 3.71%
PORTO SEGURO SA 3.49%

Asset Breakdown

Name Weight
African Equity 0.77%
Brazilian Equities 8.36%
Chilean Equities 5.50%
Chinese Equities 5.95%
Emirian Equities 3.98%
Global Emerging Market Equitie 5.08%
Greek Equities 2.59%
Hungarian Equities 6.50%
Indian Equities 13.01%
Indonesian Equities 0.79%
Money Market 9.61%
Polish Equities 1.53%
Russian Equities 11.65%
South African Equities 3.18%
South Korean Equities 12.25%
Taiwanese Equities 7.21%
Turkish Equities 2.06%

Region Breakdown

Name Weight
Brazil 8.36%
Chile 5.50%
China 5.95%
Global Emerging Markets 5.08%
Greece 2.59%
Hungary 6.50%
India 13.01%
Indonesia 0.79%
Korea 12.25%
Money Market 9.61%
Nigeria 0.77%
Poland 1.53%
Russia 11.65%
South Africa 3.18%
Taiwan 7.21%
Turkey 2.06%
United Arab Emirates 3.98%

Sector Breakdown

Name Weight
Consumer Discretionary 5.77%
Consumer Staples 22.26%
Energy 7.51%
Financials 34.06%
Health Care 0.57%
Industrials 1.55%
Information Technology 15.66%
Money Market 9.61%
Real Estate 0.14%
Utilities 2.89%