fund
Marlborough Emerging Markets P
Global Emerging markets fund with a value approach to investing.
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353.37p
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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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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1.28%
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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1.50%
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…
The fund aims to achieve capital growth by investing in emerging markets. The fund will invest mainly in securities incorporated, headquartered or listed in emerging markets countries. Emerging market countries will typically be those included within the MSCI Emerging Markets Free Index.
Fund summary
Sector | Global Emerging Markets |
Structure | UNIT TRUST |
Launched | January, 2013 |
Size | £7m |
Yield | 1.50% |
Charging basis | Income |
Dividends paid | 10 May |
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 | 1.28% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 16/17 -0.50%
- 17/18 -0.64%
- 18/19 -0.61%
- 19/20 0.30%
- 20/21 0.00%
Bestinvest MRI
- 3 years 0.00%
- 5 years 0.00%
- Career -0.14%
- 3 years 0.00%
- 5 years 0.00%
- Career 48.00%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
James Smith
Smith began his career with Cornhill Insurance Group and relocated in 1980 to join the North American subsidiary of JH Minet, a Lloyd’s insurance broker. After graduating with an MBA from Edinburgh University in 1984, he became an equity portfolio manager for Schroders in London. From 1987 to 1992 he was a senior portfolio manager at Murray Johnstone International, responsible for international asset allocation for North American clients. In 1992 he co-founded Blairlogie Capital Management, and was Chief Investment Officer until Blairlogie was acquired by Ignis in 2001. Smith is responsible for Resolution’s regional equity allocation and his specialist fund role includes managing hedge funds and Global/EAFE focus funds. He has a BSc in Economics from London University and is an Associate of the UK Society of Investment Professionals and a Fellow of the Chartered Insurance Institute.
Track record
James Smith has 11.7 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 December 2006 - December 2008) there was a decline of 27% relative to the index. The worst absolute loss has been 49%.
Periods of worst performance
Absolute | -49.00% (May 2007 - February 2009) |
Relative | -27.00% (December 2006 - December 2008) |
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
4.4415% | Alibaba Group Hldg Ltd |
4.0683% | Samsung Electronics Co |
3.4112% | Taiwan Semiconductor Manufacturing |
2.9531% | Tencent Hldgs Ltd |
2.7638% | Hengan Intl Group Co Ltd |
2.452% | Escorts |
2.139% | Power Grid Corp Of India |
2.1011% | Hkbn Ltd |
2.0783% | Xinyi Glass Hldgs |
2.0743% | Sunny Optical Technology Group |
Source: Trustnet |
Key Investor Information