Legg Mason IF Martin Currie Emerging Markets A

Taking advantage of equity investments in developing economies

  • 322.60p Price (Inc)
  • - Price (Acc)
  • 5.00% 0.00% Initial charge
  • 1.50% Annual management charge
  • 2.23% Ongoing charges
  • 0.60% Yield

Prices as at 10 December 2019

Fund summary

Sector Global Emerging Markets
Structure OEIC
Launched June, 2015
Size £22m
Yield 0.60%
Charging basis Income
Dividends paid Acc units only

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 2.23%

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Investment process

The fund's objective is to achieve long-term capital growth in emerging markets worldwide

Manager research

Average monthly relative returns

  • 14/15 -0.30%
  • 15/16 0.45%
  • 16/17 0.47%
  • 17/18 -0.20%
  • 18/19 0.39%

Bestinvest MRI

  • 3 years 0.22%
  • 5 years 0.16%
  • Career -0.14%
  • 3 years 94.70%
  • 5 years 95.50%
  • Career 38.20%

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

Kim Catechis

Catechis joined Martin Currie in October 2010 as Head of Global Emerging Markets. Prior to this he spent 12 years at Scottish Widows Investment Partnership (SWIP) performing the same duties. Before joining SWIP Katechis established and managed two asset‐management ventures in Spain: Eagle Star Inversiones and, earlier, FG Gestión. Katechis began his investment career as a portfolio manager for Edinburgh Fund Managers in 1987. He is fluent in French, German, Spanish, Portuguese and Greek, has intermediate Russian skills and is studying Mandarin. Katechis has an MBA and a BA in French and German from the University of Stirling.

Track record

Kim Catechis has 21.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.14%. During the worst period of relative performance (from January 1998 - September 2015) there was a decline of 46% relative to the index. The worst absolute loss has been 61%.

Periods of worst performance

Absolute -61.00% (July 1997 - September 2001)
Relative -46.00% (January 1998 - September 2015)

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

7.33% Taiwan Semiconductor Manufacturing
7.3% Samsung Electronics Co
6.81% Alibaba Group Hldg Ltd
6.6% Tencent Hldgs Ltd
3.56% Naspers
3.41% Ping An Insurance(Gr)Co Of China
2.88% Industrial & Com Bk China
2.81% Otp Bank
2.72% Aia Group Ltd
2.56% Credicorp
Source: Trustnet

Sector breakdown

Financials 27.00%
Information Technology 24.00%
Consumer Discretionary 19.00%
Communications 8.00%
Materials 7.00%
Energy 7.00%
Health Care 3.00%
Utilities 2.00%
Consumer Staples 2.00%

Key Investor Information

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