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FIRST STATE GLOBAL EMERGING MARKETS A - Fund overview

Bestinvest rating 2 stars


Overview of FIRST STATE GLOBAL EMERGING MARKETS A

Targeting capital growth Jon Asante and his team invest in a well diversified portfolio of high quality stocks from across the market cap spectrum. The Emerging Markets and Asia 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 emerging market indices and peer group, although it can also lead it to lag noticeably in strongly rising markets.

Standard Initial Charge

4.00% 4.00%

Fund summary

Sector  Global Emerging Markets
Product type  OEIC
Launched  December, 1992
Size  £704m
Yield 0.4%
Charging basis  Income
Dividends paid  Acc units only.
Bid price 491.67p

Fund Charges

Standard Initial charge 4.00%
Initial charge via Bestinvest 4.00%
Additional bid/offer spread 0.00%
Annual management charge 1.75%
Total expense ratio 1.85%
Reduction in yield (10yr) 2.25%

Bestinvest says


This fund benefits from a team that has a strong performance record of investing in Asian and Emerging markets. It will generally only invest in companies with a market capitalisation of at least US$1bn. Whilst we like the disciplined approach - the manager focuses on high quality, shareholder friendly companies - a few years ago charges were increased to dissuade new investors, due to the large size of the fund at the time. However, existing investors requiring a more cautious approach to Emerging Markets should continue to hold. New investors should consider the five star rated First State Global Emerging Markets Leaders, which is also managed by Jonathan Asante the lead manager.

Portfolio

first state global emerging markets a asset allocation illustration
Allocation Proportion
Equity 95%
High yield bonds 0%
Quality bonds 0%
Property 0%
Commodities 0%
Hedge 0%
Fund cash 5%
first state global emerging markets a equity geographic illustration
Allocation Proportion
UK 2%
Europe 4%
Nth America 0%
Japan 0%
Pacific 29%
Other Equity 65%
first state global emerging markets a equity capitalisation illustration
Allocation Proportion
Large Caps 63%
Mid Caps 29%
Small Caps 8%

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. 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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