BlackRock Emerging Markets Absolute Alpha X

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Quick Stats

Bid Price GBX 113.90 Offer Price GBX 114.20
Mid Price - Day Change GBX -0.60 (-0.52%)
Price Date 13 Nov 2019 Crown Rating 3
Shares Class Inc. Yield 0.26 %
Total Expense Ratio 0.00 Fund Size 6,247,492.44
Launch Date 26/02/2015 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible No
Annual Management Charge (%) 0.00 Sector IMA UK Equity Income
Min Investment (£) 10,000,000.00 Total Expense Ratio (%) 0.00
ISIN GB00BSKRL362 Min TopUp (£) 0.00
Ongoing Charge (%) 0.0800 Ongoing Charge Date 06/02/2019

Fund Objective

The Fund aims to achieve positive absolute returns on your investment (i.e. an increase in the overall value of the Fund) over a period of 12 months regardless of market conditions. As such, the Fund will not be managed against any emerging markets equity index. The Fund will be managed with the aim of delivering absolute (more than zero) returns on a 12 month basis in any market conditions. However, an absolute return is not guaranteed over a 12 month or any period and the Fund may experience periods of negative return. The Fund’s capital is at risk. The Fund aims to gain investment exposure to equity securities (e.g. shares) and equity-related securities of, or giving exposure to, companies incorporated or listed in the emerging markets.

Fund Managers

Samuel Vecht

Samuel Vecht, CFA, Managing director and portfolio manager, is Head of the Emerging Europe & Frontiers team within the Fundamental Active Equity division of BlackRock's Active Equities Group. He is responsible for managing long-only and long/short portfolios in both Emerging and Frontier markets. Mr. Vecht's service with the firm dates back to 2000, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Mr. Vecht earned a BSc degree, with honours, in international relations and history from the London School of Economics.

Gordon Fraser

Gordon Fraser, CFA, Managing Director, is a portfolio manager on the Global Emerging Markets Equities Team within the Fundamental Active Equity division of BlackRock's Active Equities Group. Mr Fraser is the lead portfolio manager of the long only Core Global Emerging Markets Strategy, as well as co-manager of the Emerging Frontiers Hedge Fund, the Emerging Markets Absolute Return Portfolios and Emerging Markets Equity Strategies Portfolios. Mr. Fraser leads the North Asia Healthcare, Utilities, Materials and Utilities research pod for the team, as well as taking lead responsibility for our country level macroeconomic analysis. Prior to his current role, Mr. Fraser was a member of the Emerging Europe & Frontiers Emerging Markets team in London, specializing in Middle Eastern, Turkish and Indian Equities. Mr. Fraser joined BlackRock as an Analyst in 2006. Mr. Fraser holds a BA (1st class) and an MPhil (distinction) in Economics from Cambridge University.

Fund Performance

Cumulative Performance

Discrete Performance

Top 10 Holdings

Name Weight
SAMSUNG ELECTRONICS CO 3.75%
GEELY AUTOMOBILE HLDGS 3.71%
ASTRA INTERNATIONAL 3.40%
NANYA TECHNOLOGY CORP 3.38%
TURK HAVA YOLLARI A.O. 3.23%
PETROLEO BRASILEIRO SA PETROBR 3.20%
AIR LEASE CORP 3.08%
CK HUTCHISON HLDGS LTD 2.90%
CHINA UNICOM(HONG KONG)LTD 2.82%
CEMEX S.A.B. DE C.V. 2.81%

Asset Breakdown

Name Weight
African Equity 1.72%
American Emerging Equities 1.33%
Australian Equities 0.00%
Brazilian Equities 0.00%
Chinese Equities 14.08%
Emirian Equities 2.45%
European Emerging Equities 0.00%
French Equities 0.00%
Global Emerging Market Equitie 2.77%
Greek Equities 2.23%
Hungarian Equities 0.00%
Indian Equities 0.00%
Indonesian Equities 3.40%
Israeli Equities 2.57%
Malaysian Equities 0.00%
Mexican Equities 2.81%
Middle East & African Equities 0.00%
Money Market 98.95%
New Zealand Equities 0.00%
Peruvian Equity 0.00%
Philippine Equities 0.00%
Polish Equities 0.00%
Portuguese Equities 2.57%
Qatari Equities 0.00%
Russian Equities 1.09%
Saudi Arabian Equities 0.00%
South Korean Equities 1.00%
Taiwanese Equities 7.01%
Thai Equities 0.00%
Turkish Equities 2.50%
UK Equities 0.00%
US Equities 3.08%

Region Breakdown

Name Weight
Argentina 1.33%
Australia 0.00%
Belarus 0.00%
Brazil 0.00%
China 14.08%
France 0.00%
Global Emerging Markets 2.77%
Greece 2.23%
Hungary 0.00%
India 0.00%
Indonesia 3.40%
Israel 2.57%
Jordan 0.00%
Korea 1.00%
Malaysia 0.00%
Mexico 2.81%
Money Market 98.95%
New Zealand 0.00%
Nigeria 1.72%
Peru 0.00%
Philippines 0.00%
Poland 0.00%
Portugal 2.57%
Qatar 0.00%
Russia 1.09%
Saudi Arabia 0.00%
Taiwan 7.01%
Thailand 0.00%
Turkey 2.50%
UK 0.00%
USA 3.08%
United Arab Emirates 2.45%

Sector Breakdown

Name Weight
Communications 2.79%
Consumer Discretionary 2.52%
Consumer Staples 0.00%
Energy 7.09%
Financials 0.00%
Health Care 0.00%
Industrials 6.35%
Information Technology 1.72%
Materials 0.00%
Money Market 0.00%
Real Estate 2.45%
Utilities 0.00%