Liontrust Emerging Markets C

Emerging markets equity fund.

  • 201.22p
    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!

  • 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).

  • 1.11%
    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.

  • 2.10%
    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 01 March 2021

Fund summary

Sector Global Emerging Markets
Structure OEIC
Launched October, 2012
Size £24m
Yield 2.10%
Charging basis Income
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 0.75%
Ongoing charges figure 1.11%

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Investment process

The investment objective of Neptune Emerging Markets Fund is to generate capital growth with the potential for income by investing predominantly in emerging market securities or securities that derive a significant proportion of their income or economic activity from emerging markets. At the discretion of the Fund Manager a small weighting of the portfolio may be invested in markets considered to be developed.

Manager research

Average monthly relative returns

  • 16/17 0.19%
  • 17/18 0.01%
  • 18/19 -0.20%
  • 19/20 0.11%
  • 20/21 -0.15%

Bestinvest MRI

  • 3 years -0.08%
  • 5 years -0.01%
  • Career 0.02%
  • 3 years 51.20%
  • 5 years 61.40%
  • Career 76.40%

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

Ewan Thompson

Thompson is a fund manager at Neptune. He joined the company in February 2006 as an investment analyst and became fund manager for Neptune Emerging Markets fund at launch. Thompson is responsible for global metals and mining sector research at Neptune.

Track record

Ewan Thompson has 12.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.02%. During the worst period of relative performance (from November 2010 - July 2014) there was a decline of 25% relative to the index. The worst absolute loss has been 31%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 76%.

Periods of worst performance

Absolute -31.00% (December 2010 - April 2014)
Relative -25.00% (November 2010 - July 2014)

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 29 April 2016

5.7222% Samsung Electronics Co
3.9361% Finolex Industries
3.9232% Anglogold Ashanti
3.4352% Eo Technics Co.
3.3111% China Maple Leaf Educ Sys Ltd
2.9878% Healthcare Global Enterprises Ltd
2.8071% Sberbank Of Russia
2.7327% Korea Electric Power Corp
2.581% Novatek Oao
2.5137% Pakuwon Jati
Source: Trustnet

Sector breakdown

Information Technology 21.00%
Financials 20.00%
Consumer Discretionary 18.00%
Materials 14.00%
Utilities 9.00%
Health Care 5.00%
Industrials 5.00%
Telecommunications Utilities 4.00%
Energy 3.00%
Consumer Staples 2.00%

Key Investor Information

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