M&G Global Emerging Markets I

A diversified emerging markets equity fund

  • 216.10p
    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.

  • 263.94p
    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).

  • 1.01%
    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.

  • 4.30%
    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…

Prices as at 28 May 2020

Fund summary

Sector Global Emerging Markets
Structure OEIC
Launched February, 2009
Size £476m
Yield 4.30%
Charging basis Income
Dividends paid 31 Mar

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 1.01%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 15/16 -0.05%
  • 16/17 -0.64%
  • 17/18 -0.18%
  • 18/19 -0.14%
  • 19/20 -0.14%

Bestinvest MRI

  • 3 years -0.15%
  • 5 years -0.23%
  • Career -0.07%
  • 3 years 50.00%
  • 5 years 50.00%
  • Career 54.00%

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

Matthew Vaight

Vaight joined M&G in 1996 as a trainee fund manager on the UK equity desk. In 1999, Matthew was promoted to fund manager and has sector research responsibilities for chemicals, oil & gas and telecom services. Vaight graduated from Oxford University with an Honours degree in Mathematics.

Track record

Matthew Vaight has 7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.07%. During the worst period of relative performance (from September 2014 - July 2018) there was a decline of 15% relative to the index. The worst absolute loss has been 21%.

Periods of worst performance

Absolute -21.00% (April 2015 - January 2016)
Relative -15.00% (September 2014 - July 2018)

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

7.6% Samsung Electronics Co
3.9% Taiwan Semiconductor Co
3.4% Sberbank Of Russia
3% Shinhan Financial Group
2.7% Ctrip.com International
2.5% Grupo Financiero Banorte Sab De Cv
2.4% Bradesco
2.4% Bank Mandiri(Persero)
2.2% Cnooc
2.2% Nk Lukoil Pao
Source: Trustnet

Sector breakdown

Financials 37.00%
Information Technology 23.00%
Industrials 12.00%
Energy 9.00%
Materials 5.00%
Consumer Discretionary 5.00%
Real Estate 3.00%
Communications 3.00%
Money Market 2.00%
Utilities 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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