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FIRST STATE GLOBAL EMERGING MARKETS LEADERS A - Fund overview

Bestinvest rating 5 stars


Overview of FIRST STATE GLOBAL EMERGING MARKETS LEADERS A

Jon Asante and his team invest in a well diversified portfolio of high quality stocks from across the market cap spectrum. The GEMs team at First State favours stocks with long term growth prospects trading at reasonable valuations. Historically, this investment style has tended to provide greater downside protection relative to the benchmark, although it can also lead it to lag noticeably in strongly rising markets. The fund invests in larger companies with a stock market capitalisation of at least US$1bn.

Standard Initial Charge

4.00% 0.00%

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Fund summary

Sector  Global Emerging Markets
Product type  OEIC
Launched  December, 2003
Size  £2,030m
Yield 0.6%
Charging basis  INCOME
Dividends paid  Acc units only.
Bid price 361.35p

Fund Charges

Standard Initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Total expense ratio 1.60%
Reduction in yield (10yr) 1.60%

Bestinvest says


This fund benefits from an experienced manager with an absolute return mindset to investment. The fund offers a more cautious approach to the investment in developing countries, with a focus on high quality, shareholder friendly companies. Stock research is conducted by a large and well resourced team based in Edinburgh, Hong Kong and Singapore that includes former manager Angus Tulloch. The manager is also open to accessing emerging markets via companies listed in developed markets, enabling him to take advantage of valuation anomalies.

Portfolio

first state global emerging markets leaders a asset allocation illustration
Allocation Proportion
Equity 93%
High yield bonds 0%
Quality bonds 0%
Property 0%
Commodities 0%
Hedge 0%
Fund cash 7%
first state global emerging markets leaders a equity geographic illustration
Allocation Proportion
UK 4%
Europe 9%
Nth America 0%
Japan 0%
Pacific 34%
Other Equity 53%
first state global emerging markets leaders a equity capitalisation illustration
Allocation Proportion
Large Caps 75%
Mid Caps 25%
Small Caps 0%

Investment process


The manager employs a fundamental bottom up stock picking approach with a medium to long term outlook, generally avoiding 'momentum' type stocks. The focus is on quality growth stocks with a keen emphasis on price. Qualitative criteria including shareholder friendly management, corporate governance and strong balance sheets are also high on the list. Stock research is conducted by a large and well resourced team based in Edinburgh, Hong Kong and Singapore.

The value of your investments and the income from them can go down as well as up and you can get back less than you originally invested. Any yields quoted cannot be taken as a reliable indicator of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

Bestinvest (Brokers) Ltd & Bestinvest (Consultants) Ltd are authorised and regulated by the Financial Services Authority. This site is for UK Investors only

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