MI Somerset Global Emerging Markets B

Bottom up fund invested in Emerging Market Equities

  • 286.06p
    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.

  • 327.46p
    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).

  • 0.92%
    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.

  • 0.70%
    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 14 June 2021

Fund summary

Sector Global Emerging Markets
Structure OEIC
Launched November, 2008
Size £293m
Yield 0.70%
Charging basis Income
Dividends paid 31 May, 30 Nov

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 0.92%

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Investment process

The Fund seeks to achieve capital appreciation by investing in emerging market securities. It may also invest in other transferable securities, money market instruments, cash and near cash, depository receipts, derivative instruments, deposits and derivatives for the purpose of hedging or efficient portfolio management.

Manager research

Average monthly relative returns

  • 16/17 -0.06%
  • 17/18 -0.47%
  • 18/19 0.01%
  • 19/20 -0.07%
  • 20/21 -0.23%

Bestinvest MRI

  • 3 years -0.10%
  • 5 years -0.16%
  • Career -0.16%
  • 3 years 47.60%
  • 5 years 34.50%
  • Career 38.60%

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

Edward Robertson

Track record

Edward Robertson 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 -0.16%. During the worst period of relative performance (from January 2009 - September 2018) there was a decline of 27% relative to the index. The worst absolute loss has been 22%.

Periods of worst performance

Absolute -22.00% (July 2019 - March 2020)
Relative -27.00% (January 2009 - September 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.

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Top 10 holdings

Data accurate as at 31 July 2020

6.144% Taiwan Semiconductor Manufacturing
5.7332% Midea Group Co Ltd
5.3112% Tencent Hldgs Ltd
4.5554% Samsung Electronics Co
4.1193% China Mengniu Dairy Co
3.9998% Infosys Ltd
3.9091% Yandex Nv
3.4664% Aia Group Ltd
3.4319% Icici Bank
3.051% B2w Cia Digital
Source: Trustnet

Sector breakdown

Consumer Discretionary 28.00%
Financials 20.00%
Information Technology 19.00%
Communications 13.00%
Consumer Staples 12.00%
Industrials 2.00%
Health Care 2.00%
Money Market 2.00%
Materials 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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