BMO Emerging Markets Equity 2

New manager Jan 2007 and now run with a focused approach.

  • 233.50p
    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.

  • -
    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?

  • 1.00% 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!

  • 0.75%
    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).

  • 0.87%
    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.

  • 1.00%

    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 18 June 2021, fund data last updated 01 January 2002

Fund summary

Sector Global Emerging Markets
Structure OEIC
Launched June, 2009
Size £15m
Yield 1.00%
Charging basis
Dividends paid Acc units only


Standard initial charge 1.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.87%


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Investment process

The Fund aims to provide long-term capital growth through investment in the world's less developed countries. The portfolio includes companies listed on these markets and may include funds investing in those countries.

Manager research

Average monthly relative returns

  • 16/17 -0.38%
  • 17/18 -0.53%
  • 18/19 0.34%
  • 19/20 -0.42%
  • 20/21 -0.62%

Bestinvest MRI

  • 3 years -0.24%
  • 5 years -0.32%
  • Career -0.18%
  • 3 years 30.50%
  • 5 years 15.90%
  • Career 28.40%

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

Jeff Chowdhry

Chowdhry joined F&C in 1994 and is Head of Emerging Equities. He has over 30 years investment experience. He began his career in 1982 and has held portfolio management positions at Royal Insurance plc and BZW Investment Management. He has a BSc (Hons) in economics from Brunel University, London and a MBA from Kingston Business School.

Track record

Jeff Chowdhry has 16.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.18%. During the worst period of relative performance (from June 2004 - February 2021) there was a decline of 34% relative to the index. The worst absolute loss has been 46%.

Periods of worst performance

Absolute -46.00% (October 2007 - November 2008)
Relative -34.00% (June 2004 - February 2021)

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.


Proportion (%)

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Top 10 holdings

Data accurate as at 31 July 2020

6.7% Taiwan Semiconductor Co
6.1% Hdfc Bank Ltd
5.3% Inner Mongolia Yili Industrial Group Co Ltd
5% Bank Mandiri(Persero)
4.8% Tencent Hldgs Ltd
4.3% Infosys
4% Aia Group Ltd
3.9% Hong Kong Exchanges & Clearing
3.9% Tata Consultancy Services
3.8% Wal-Mart De Mexico Sab De Cv
Source: Trustnet

Sector breakdown

Consumer Staples 35.00%
Financials 23.00%
Information Technology 17.00%
Consumer Discretionary 12.00%
Communications 5.00%
Industrials 3.00%
Energy 2.00%
Health Care 2.00%
Money Market 2.00%


The fund will typically hold between 30 and 35 stocks.

Key Investor Information