Scottish Widows Emerging Markets A

Taking advantage of equity investments in developing economies

  • 229.50p
    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!

  • 1.50%
    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).

  • 1.68%
    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.

  • 1.60%

    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 27 November 2020

Fund summary

Sector Global Emerging Markets
Structure OEIC
Launched June, 1997
Size £1,163m
Yield 1.60%
Charging basis
Dividends paid Acc units only


Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.68%


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Investment process

The fund aims to give long-term capital growth by investing in, mainly, shares of companies operating in developing countries worldwide.

Manager research

Average monthly relative returns

  • 15/16 -0.20%
  • 16/17 -0.13%
  • 17/18 0.00%
  • 18/19 -0.34%
  • 19/20 -0.20%

Bestinvest MRI

  • 3 years -0.18%
  • 5 years -0.17%
  • Career -0.17%
  • 3 years 50.00%
  • 5 years 50.00%
  • Career 31.20%

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

Scottish Widows Quantitative Investment Group

Track record

Scottish Widows Quantitative Investment Group has 7.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.17%. During the worst period of relative performance (from October 2012 - January 2020) there was a decline of 18% relative to the index. The worst absolute loss has been 14%.

Periods of worst performance

Absolute -14.00% (July 2019 - March 2020)
Relative -18.00% (October 2012 - January 2020)

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 30 June 2020

6.34% Alibaba Group Hldg Ltd
6.08% Tencent Hldgs Ltd
5.41% Taiwan Semiconductor Manufacturing
4.62% Samsung Electronics Co
1.82% China Construction Bank
1.51% Naver Corp
1.48% Netease Inc
1.4% Hindustan Unilever Ltd
1.35% Sberbank Of Russia
1.3% Msci Emer Mkt Index (Ice) Sep 20 (Mesu0)
Source: Trustnet

Sector breakdown

Consumer Discretionary 18.00%
Information Technology 18.00%
Financials 14.00%
Communications 14.00%
Materials 9.00%
Health Care 8.00%
Consumer Staples 7.00%
Real Estate 3.00%
Industrials 3.00%
Utilities 2.00%

Key Investor Information