BlackRock Emerging Markets A

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

  • 489.70p Price (Inc)
  • 537.30p Price (Acc)
  • 5.00% 0.00% Initial charge
  • 1.50% Annual management charge
  • 1.71% Ongoing charges
  • 0.20% Yield

Prices as at 06 December 2019, fund data last updated 01 January 2002

Fund summary

Sector Global Emerging Markets
Structure UNIT TRUST
Launched August, 1993
Size £319m
Yield 0.20%
Charging basis Income
Dividends paid 31 Jul

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.41%
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

  • 14/15 -0.48%
  • 15/16 0.39%
  • 16/17 -0.05%
  • 17/18 0.11%
  • 18/19 0.70%

Bestinvest MRI

  • 3 years 0.26%
  • 5 years 0.13%
  • Career 0.08%
  • 3 years 95.50%
  • 5 years 88.70%
  • Career 89.30%

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 7.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.08%. 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 89%.

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 August 2019

5.4107% Samsung Electronics Co
4.487% Alibaba Group Hldg Ltd
2.846% Sberbank Rossii Pao
2.7819% Ping An Insurance(Gr)Co Of China
2.6233% Notre Dame Intermedica Partici Sa
2.4023% Fomento Economico Mexcano Sab De Cv
2.3383% Ncsoft Corp
2.3342% Petroleo Brasileiro Sa Petrobras
2.1372% Sk Hynix Inc
2.0438% Copa Holdings Sa
Source: Trustnet

Sector breakdown

Financials 17.00%
Information Technology 16.00%
Money Market 15.00%
Consumer Discretionary 13.00%
Communications 8.00%
Health Care 7.00%
Consumer Staples 7.00%
Energy 6.00%
Industrials 5.00%
Materials 3.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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