First State Global Emerging Markets Focus B GBP

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Quick Stats

Bid Price - Offer Price -
Mid Price GBX 112.47 Day Change GBX +0.01 (0.01%)
Price Date 21 Aug 2019 Crown Rating
Shares Class Inc. Yield 0.48 %
Total Expense Ratio 1.10 Fund Size 37,524,200.00
Launch Date 28/09/2017 Standard Initial Charge (%) 4.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 0.85 Sector IMA UK Equity Income
Min Investment (£) 1,000.00 Total Expense Ratio (%) 1.10
ISIN GB00BZCCYG25 Min TopUp (£) 50.00
Ongoing Charge (%) 1.1000 Ongoing Charge Date 30/06/2019

Fund Objective

The Fund aims to grow your investment. The Fund invests primarily in shares of large and mid sized companies in emerging markets or whose business is predominantly based in emerging markets. This includes companies that are listed on exchanges in developed markets whose activities predominantly take place in emerging market countries. Large and mid sized companies generally have a total stock market value of at least US$1 billion. Emerging markets typically have lower average income and standards of governance than developed markets. The Fund may use derivatives to reduce risk or to manage the Fund more efficiently.

Fund Managers

Rasmus Nemmoe

Rasmus Nemmoe, CFA, was previously with BankInvest in Copenhagen for 6 years, where he was a portfolio manager for Asia ex Japan equities for four years. Prior to this he was a portfolio manager of the BankInvest Consumer Fund focusing on consumer discretionary and staples equities across both Developed and Emerging Markets. Rasmus spent two years as an analyst focusing on information technology and telecom at Nordic Venture Partners, one of the largest venture capital funds in Northern Europe. He is a CFA Charterholder and gained a MSc in Applied Economics and Finance and a BSc in Computer Science and Administration from Copenhagen Business School. Rasmus joined LGM Investments in April 2012 and is the lead portfolio manager for our Global Emerging Markets strategy.

Vinay Agarwal

Vinay Agarwal is a Director of First State Stewart Asia (FSSA), part of First State Investments. Vinay has more than 15 years of investment management experience, with a focus on Indian Equities. He joined the FSSA team in July 2011, and is based in Singapore. Vinay is the lead manager of the Scottish Oriental Smaller Companies investment trust and lead manager of the First State Indian Subcontinent Fund. He is also responsible for managing a number of Far East Leaders and Indian equity portfolios on behalf of key client segregated accounts. Vinay graduated in 2002 with a management degree with a major in Finance from the Indian Institute of Management Calcutta. He also holds a Bachelor of Commerce (Hons) degree with a major in Accountancy from Calcutta University.

Fund Performance

Cumulative Performance

Discrete Performance

Top 10 Holdings

Name Weight
HDFC BANK LTD 5.80%
PT BANK RAKYAT INDONESIA (PERS 3.60%
YUM CHINA HLDGS INC 3.40%
ALSEA SAB DE CV 3.10%
KOTAK MAHINDRA BANK 3.00%
AVI LTD 2.90%
BANCO SANTANDER SA 2.90%
TSINGTAO BREWERY CO 2.90%
AXIS BANK LTD 2.80%
GODREJ CONSUMER PRODUCTS 2.70%

Asset Breakdown

Name Weight
African Equity 0.90%
American Emerging Equities 3.50%
Asia Pacific Emerging Equities 2.30%
Brazilian Equities 5.30%
Chinese Equities 17.90%
Egyptian Equity 5.10%
Indian Equities 24.10%
Indonesian Equities 8.80%
Mexican Equities 10.40%
Money Market 4.50%
Peruvian Equity 2.00%
Philippine Equities 2.60%
South African Equities 6.30%
Taiwanese Equities 1.80%
US Equities 4.50%

Region Breakdown

Name Weight
Argentina 3.50%
Brazil 5.30%
China 17.90%
Egypt 5.10%
India 24.10%
Indonesia 8.80%
Mexico 10.40%
Money Market 4.50%
Nigeria 0.90%
Pakistan 2.30%
Peru 2.00%
Philippines 2.60%
South Africa 6.30%
Taiwan 1.80%
USA 4.50%

Sector Breakdown

Name Weight
Consumer Discretionary 14.60%
Consumer Staples 28.40%
Financials 32.00%
Health Care 5.50%
Industrials 9.10%
Information Technology 1.80%
Materials 4.10%
Money Market 4.50%