BlackRock Emerging Markets A

Invests in emerging markets, defined as those in the MSCI Emerging Markets benchmark

  • 529.80p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 585.50p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 5.00% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.71%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.70%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 23 September 2020, fund data last updated 01 January 2002

Fund summary

Sector Global Emerging Markets
Structure UNIT TRUST
Launched August, 1993
Size £464m
Yield 0.70%
Charging basis Income
Dividends paid 31 Jul

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.34%
Annual management charge 1.50%
Ongoing charges figure 1.71%

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Investment process

The fund aims to achieve long term capital growth by investing primarily in shares of companies incorporated or listed in emerging markets, defined as those in the MSCI Emerging Markets benchmark. The fund uses bottom up investment process.

Manager research

Average monthly relative returns

  • 15/16 0.15%
  • 16/17 -0.05%
  • 17/18 0.03%
  • 18/19 0.79%
  • 19/20 0.37%

Bestinvest MRI

  • 3 years 0.40%
  • 5 years 0.26%
  • Career 0.11%
  • 3 years 98.80%
  • 5 years 96.90%
  • Career 93.70%

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

Dhiren Shah / Luiz Soares

Shah's service with BlackRock dates back to 2001, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Shah began his career with MLIM and joined the Global Emerging Markets team following a rotation in fixed income. Shah received a BSc degree in economics from the University College London in 2001. Soares joined BlackRock in 2012. Prior to this Soares worked at Axiom International Investors where he was initially a research analyst covering Latin America. Before his time at Axiom, from 1997 to 2000, he moved to Reuters in the US to work on fixed income derivatives. In 1993 he began his career with Andersen Consulting in Brazil Soares earned a BS in business management and applied economics from Cornell University.

Track record

Dhiren Shah / Luiz Soares has 8.5 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.11%. During the worst period of relative performance (from April 2012 - January 2016) there was a decline of 9% relative to the index. The worst absolute loss has been 25%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 94%.

Periods of worst performance

Absolute -25.00% (February 2013 - January 2016)
Relative -9.00% (April 2012 - January 2016)

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 July 2020

6.3294% Alibaba Group Hldg Ltd
6.1942% Tencent Hldgs Ltd
5.3432% Taiwan Semiconductor Co
3.6313% Samsung Electronics Co
2.3193% Enn Energy Hldgs Ltd
2.0581% Nk Lukoil Pao
2.0032% Sberbank Rossii Pao
1.8685% Petroleo Brasileiro Sa Petrobras
1.8441% Jd.com Inc
1.7988% Sjm Hldgs Co Ltd
Source: Trustnet

Sector breakdown

Consumer Discretionary 23.00%
Information Technology 21.00%
Financials 12.00%
Money Market 10.00%
Communications 10.00%
Energy 7.00%
Materials 5.00%
Industrials 5.00%
Real Estate 3.00%
Utilities 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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