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SKANDIA AXA FRAMLINGTON EMERGING MARKETS SP PF - Fund overview

No Bestinvest rating

Overview of SKANDIA AXA FRAMLINGTON EMERGING MARKETS SP PF

This fund invests in companies listed in developing economies in regions such as Asia, Latin America, Eastern Europe and Africa with the aim of generating returns primarily through capital appreciation. The manager places a strong focus on stock selection and looks for companies making efficient use of their assets to deliver strong and consistent returns. Taking a wider perspective, the manager favours taking active bets on sectors in the market rather than specific countries.

Standard Initial Charge

No data available.

Fund summary

Sector	–
Product type	PENSION FUND
Launched	September, 2003
Size	£17m
Yield	0.0%
Charging basis	–
Dividends paid	–
Bid price	367.70p

Fund Charges

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

Bestinvest says

This manager moved over to take charge of the fund in December 2010 and built a new team from scratch. The fund differentiates itself from many of its peers by taking an active view on sectors rather than countries, and the manager takes a longer-term view, foregoing momentum trades for growing and sustainable earnings.

Portfolio

skandia axa framlington emerging markets sp pf asset allocation illustration

Allocation		Proportion

	Equity	96%
	High yield bonds	–
	Quality bonds	–
	Property	–
	Commodities	–
	Hedge	–
	Fund cash	4%

skandia axa framlington emerging markets sp pf equity geographic illustration

Allocation		Proportion

	UK	0%
	Europe	0%
	Nth America	0%
	Japan	0%
	Pacific	34%
	Other Equity	66%

skandia axa framlington emerging markets sp pf equity capitalisation illustration

Allocation		Proportion

	Large Caps	46%
	Mid Caps	33%
	Small Caps	21%

View all performance data for SKANDIA AXA FRAMLINGTON EMERGING MARKETS SP PF

Investment process

The manager favours bottom-up stock selection within a macro-driven framework based on sectors rather than countries. Sustainable return on capital is the key to long-term outperformance – companies can grow earnings by buying capital, but this can lead to diminishing returns.

Position sizing is based on analysis of risk, both specifically from the stock, and how the stock position affects the rest of the portfolio.

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. Past performance or any yields quoted should not be considered reliable indicators 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; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. 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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