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Martin Currie Emerging Markets Fund

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/101477-2023-05-27-02:30.pdf
FUND MANAGER Martin Currie Australia
ASX Code
APIR ETL0201AU
ASSET CLASS GLOBAL EQUITIES
INVESTMENT STYLE The Fund invests in companies that are quoted in or operating in one or more countries deemed to be emerging markets.
INVESTMENT PROFILE The Fund aims to generate after fee returns in excess of the Benchmark over rolling five-year periods.
CURRENCY MANAGEMENT Active management
INCEPTION DATE 08-09-2011
BENCHMARK MSCI Emerging Markets Index (AUD)
FUND SIZE MSCI Emerging Markets Index (AUD)
DISTRIBUTION FREQUENCY Yearly
NO. OF HOLDINGS 40-60
FEES 1.00% p.a. of the NAV of the Fund
STRUCTURE

Benefits

Benefits

Benefits of investing in the Legg Mason Martin Currie Emerging Markets Fund

The Fund offers a number of significant benefits:

  • long-term investment horizon and low turnover portfolio, minimising tax and transaction costs and allowing returns to compound over time;
  • management of your investment by experienced investment management professionals;
  • diversification benefits that would be difficult to achieve through direct investment; and
  • web-based reporting that includes performance, market commentary and portfolio strategy.

Risk level

High

Investor suitability

The Fund should be suitable mainly for investors seeking an investment in global equities (ex-Australia) with long-term financial goals.
RISK LEVEL
INVESTOR SUITABILITY

Risks

Title
Detail

Key Features

About the Fund

The Fund aims to deliver capital growth by investing directly or indirectly in equities of companies that are quoted in or operating in one or more countries deemed to be emerging markets. The Fund aims to generate after fee returns in excess of the MSCI Emerging Markets Index expressed in Australian dollars over rolling five-year periods.

Highlights

  • A high conviction portfolio of the best emerging market companies identified by Martin Currie's fundamental bottom up research process
  • Focuses on companies where the investment team believes long-term growth prospects are not yet reflected in their stock prices
  • Flexible portfolio construction as investments are not restricted by market cap, country or sector limits

Mandate

How we invest your money

The Fund invests in a high-conviction, concentrated portfolio of 40-60 stocks with diversified market and sector exposure. The portfolio consistently displays a modest tilt towards quality and growth and invests in companies with a demonstrable track record of strong cash flow generation, effective capital deployment, and high Return on Equity.

The Fund's core universe is considered to be the MSCI Emerging Markets Index. The investment manager does not restrict investments to benchmark securities and will include non-index stocks in its research universe if it believes they will enhance the risk/return profile of the strategy.

The Fund has no formal market cap, country or sector limits.

The maximum forecast tracking error is 8% per annum.

The strategy may invest in derivatives (Low Exercise Price Warrants, Index futures and FX forwards) to obtain, increase or reduce exposure to underlying assets.

The Fund does not intend to borrow other than temporary overdrafts which are required for cashflow purposes.