Invesco Global Emerging Markets (UK)

  • 249.10p
    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.

  • 282.89p
    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).

  • 1.75%
    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.

  • 1.10%
    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 30 March 2020

Fund summary

Sector Global Emerging Markets
Structure OEIC
Launched June, 1987
Size £203m
Yield 1.10%
Charging basis Income
Dividends paid 30 Sep

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 1.75%

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Investment process

The fund aims to achieve capital growth principally through a portfolio of shares in companies established and/or operating in countries where, in the opinion of the ACD, there is an emerging market. Exposure to such markets will partially be obtained through indirect investment in securities traded on other markets. In pursuing this objective, the fund managers may include other investments that they consider appropriate

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 -0.36%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.23%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

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

William Lam / Ian Hargreaves

Lam joined Invesco Perpetual in 2006 as part of the Asian team based in Henley-on-Thames. He began his career in 1995, joining the John Lewis Partnership, and then Deloitte in 1998, where he qualified as a chartered accountant and in 2001, he joined Orbis Investment Advisory Limited as a global investment analyst. He holds an MA in Psychology and Philosophy from Oxford University, an MSc in Music Technology from York University, and is a CFA charterholder.

Track record

The track record of William Lam / Ian Hargreaves in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance

Absolute -10.00% (July 2019 - February 2020)
Relative -5.00% (April 2019 - February 2020)

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 January 2020

7.69% Samsung Electronics Co
6.6% Taiwan Semiconductor Manufacturing
4.01% Icici Bank
3.87% Alibaba Group Hldg Ltd
3.35% Naspers
3.17% Sberbank Of Russia
3.13% Netease Inc
3.01% Tencent Hldgs Limited
2.91% Jd.com
2.61% Banco Do Brasil
Source: Trustnet

Sector breakdown

Financials 31.00%
Information Technology 21.00%
Consumer Discretionary 15.00%
Communications 10.00%
Materials 7.00%
Industrials 7.00%
Energy 4.00%
Consumer Staples 3.00%
Health Care 2.00%
Real Estate 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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