fund
Janus Henderson Emerging Markets Opportunities I
Equity fund looking to take advantage of core trends that prevail in Emerging Markets.
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142.50p
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.
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200.10p
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?
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0.00%
Initial chargeSome 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!
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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).
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0.95%
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.
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1.30%
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…
Fund summary
| Sector | Global Emerging Markets |
| Structure | OEIC |
| Launched | August, 2012 |
| Size | £82m |
| Yield | 1.30% |
| Charging basis | Income |
| Dividends paid | Jan, Jul |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.75% |
| Ongoing charges figure | 0.95% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 16/17 -0.12%
- 17/18 -0.36%
- 18/19 -0.17%
- 19/20 -0.45%
- 20/21 0.35%
Bestinvest MRI
- 3 years -0.09%
- 5 years -0.15%
- Career -0.06%
- 3 years 48.80%
- 5 years 36.70%
- Career 54.40%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Glen Finegan
Finegan joined Henderson in 2015 as Head of Emerging Markets Equities. Most recently, he was a senior portfolio manager at First State Stewart (formerly First State Investments) covering global emerging market all capitalisation equity strategies. He managed US$3bn as lead manager and was co-lead managing US$10bn of assets. While at First State, he was based in Edinburgh between 2001 and 2011, and in October 2011 he relocated to Singapore. Before joining First State Stewart in 2001, he spent three years working as a geophysicist within the oil and gas industry. Finegan has both an MSc in Oceanography and a BEng (Hons) in Civil Engineering from the University of Southampton.
Track record
Glen Finegan has 5.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.06%. During the worst period of relative performance (from May 2016 - October 2019) there was a decline of 17% relative to the index. The worst absolute loss has been 24%.
Periods of worst performance
| Absolute | -24.00% (January 2018 - March 2020) |
| Relative | -17.00% (May 2016 - October 2019) |
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 July 2020
| 9.1826% | Tencent Hldgs Limited |
| 7.8909% | Alibaba Group Hldg Ltd |
| 7.4076% | Taiwan Semiconductor Manufacturing |
| 5.0693% | Samsung Electronics Co |
| 3.7861% | Naspers |
| 3.3063% | Ping An Insurance Group Co Of China |
| 2.2796% | Ivanhoe Mines Ltd |
| 2.2596% | Media Tek Inc |
| 2.2523% | Naver Corp |
| 2.1525% | Chailease Hldg Co Ltd |
| Source: Trustnet |
Sector breakdown
| Consumer Discretionary | 21.00% |
| Information Technology | 21.00% |
| Communications | 16.00% |
| Financials | 12.00% |
| Industrials | 11.00% |
| Real Estate | 4.00% |
| Money Market | 4.00% |
| Materials | 3.00% |
| Energy | 3.00% |
| Utilities | 3.00% |