TM REDWHEEL GLOBAL EMERGING MARKETS GBP S

Investment Process

The investment process is centred around bottom-up research, combined with top down, thematic and ESG considerations. This enables the 20-strong Emerging and Frontiers team – based out of Miami, Singapore and London - to select the countries, sectors, themes and companies they believe have the strongest return prospects. Bottom-up research includes looking at detailed financial models and attending company meetings to find businesses growing at a reasonable price. Top-down research consists of macroeconomic and geopolitical analysis to identify opportunities, risks, themes and currency forecasts. Part of this work includes meetings with government officials as well as maintaining a relationship with its Senior Advisors - Rice, Hadley, Gates & Manuel. The company includes former US Secretary of State Condoleezza Rice and former Secretary of Defense Robert Gates, and provides ongoing counsel on a broad range of political, policy, risk assessment and commercial and regulatory matters in emerging markets. Thematic research includes technology disruption and new auto tech, demographics and macroeconomic factors such as rare materials and infrastructure spend. In addition to core country or regional coverage, each analyst leads a specific sector or industry such as financials or consumer staples. This, according to Redwheel, encourages collaboration with fellow analysts covering different regions – fostering an environment that promotes new idea generation and debate over existing investments. The integration of ESG factors is both through an internal ESG scoring system and active engagement with companies they hold. Analysts are also trained to identify relevant ESG issues across sectors and regions, with a dedicated head of ESG role ‘created to promote awareness of best industry practices’ across all Emerging and Frontier funds.