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Comgest Growth Emerging Markets U GBP

  • 3594.00p
    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?

  • 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!

  • 1.00%
    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).

  • 1.04%
    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.

  • 0.00%
    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 09 April 2021

The fund aims to achieve capital appreciation by investing in a portfolio of high quality growth companies based or operating in emerging markets. Managed with a team based approach, the managers use a bottom-up process to create a high conviction portfolio with a focus on companies with sustainable EPS growth and high return on capital invested.

Fund summary

Sector Global Emerging Markets
Structure OFFSHORE FUND
Launched January, 2012
Size £3,566m
Yield 0.00%
Charging basis
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.00%
Ongoing charges figure 1.04%

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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.11%
  • 17/18 -0.30%
  • 18/19 -0.63%
  • 19/20 0.00%
  • 20/21 0.83%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.19%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 95.50%

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

Comgest EM Team

Stanislawski joined Comgest in 1999 and became co-lead PM in 2000. Stanislawski graduated from the Pantheon-Assas University in Paris with a joint Master’s Degree in Business and Financial Management. Wolter co-leads the GEM, Asia ex Japan and Asia Pacific ex Japan strategies. He joined Comgest in 2012, covering Asian and GEM equities. He initially was based in Singapore before moving to the Paris office. Wolter has previously worked at Pictet Asset Management, Polar Capital Partners, Royal Bank of Scotland and Macquarie Securities. He graduated from the University of London with a BSc in Financial Economics.

Track record

Comgest Em Team has 23.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.19%. During the worst period of relative performance (from October 1998 - August 1999) there was a decline of 20% relative to the index. The worst absolute loss has been 54%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 96%.

Periods of worst performance

Absolute -54.00% (July 1997 - August 1998)
Relative -20.00% (October 1998 - August 1999)

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.

Allocation

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Top 10 holdings

Data accurate as at 31 March 2017

5.25% Taiwan Semicon Mnfg
5.05% China Life Insurance
4.58% Netease
3.67% Power Grid Corp of India
3.55% Mtn Group
3.49% China Mobile
3.38% Infosys
3.15% Cmph Cocs Rodoviarias
3.07% Sanlam
2.96% Ping An Insurance

Portfolio

The portfolio will consist of 30-50 companies with the top 10 typically making up 40% of the portfolio.

Constraints

The fund is unconstrained. Position sizes have an upper limit of 9%.

Key Investor Information

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