ASI Global Emerging Markets Quantitative Equity A

Former Hill Samuel fund with a concentrated portfolio.

  • 415.59p Price (Inc)
  • - Price (Acc)
  • 5.00% 0.00% Initial charge
  • 1.50% Annual management charge
  • 1.74% Ongoing charges
  • 2.10% Yield

Prices as at 06 December 2019

Fund summary

Sector Global Emerging Markets
Structure OEIC
Launched November, 1995
Size £114m
Yield 2.10%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.74%

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Investment process

The fund's objective is to provide long-term capital growth through direct and indirect investment mainly in companies that are quoted or operating primarily in countries deemed by the ACD to be emerging markets.

Manager research

Average monthly relative returns

  • 14/15 -1.36%
  • 15/16 0.14%
  • 16/17 -0.30%
  • 17/18 -0.65%
  • 18/19 -0.01%

Bestinvest MRI

  • 3 years -0.32%
  • 5 years -0.44%
  • Career -0.26%
  • 3 years 14.50%
  • 5 years 5.00%
  • Career 15.90%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Iain Fulton

Fulton joined SWIP in July 2005 is an investment director in the global equity team. An Associate of the UK Society of Investment Professionals, he commenced his career in fund management in 1996. Since then he has managed US, Japanese and global equity funds at Alliance Trust plc and Aegon Asset Management. At Alliance Trust, he also served as Head of Equity Research. Fulton holds a first class MA (Hons) in Scottish History from the University of St Andrews.

Track record

Iain Fulton has 12 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.26%. During the worst period of relative performance (from February 2008 - September 2018) there was a decline of 37% relative to the index. The worst absolute loss has been 30%.

Periods of worst performance

Absolute -30.00% (December 2007 - February 2009)
Relative -37.00% (February 2008 - September 2018)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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Top 10 holdings

Data accurate as at 31 August 2019

4.6% Alibaba Group Hldg Ltd
4.4% Samsung Electronics Co
4% Taiwan Semiconductor Co
4% Tencent Hldgs Limited
2% Ping An Insurance(Gr)Co Of China
1.8% Naspers
1.3% China Construction Bank
1.3% China Mobile Ltd
1.3% Lukoil Pjsc
1% Infosys
Source: Trustnet

Sector breakdown

Financials 26.00%
Information Technology 17.00%
Others 14.00%
Communications 11.00%
Consumer Staples 8.00%
Energy 7.00%
Industrials 6.00%
Materials 5.00%
Utilities 3.00%
Health Care 2.00%

Portfolio

The portfolio consists of 35-45 stocks.

Key Investor Information

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