South Africa - Institutional
Emerging Markets Diversified Equity
INSTITUTIONAL
INVESTMENT OBJECTIVE:
The Coronation Emerging Markets Diversified Equity Strategy provides access to what we consider to be the best investment opportunities in Global Emerging Markets. It aims to deliver capital growth by investing primarily into a diversified portfolio of equity securities of companies that operate in, or have significant economic exposure to, Emerging Markets, while managing portfolio risk relative to the benchmark. The objective is to outperform the MSCI Emerging Markets Index over periods of 5 years and longer.
Coronation is a long-term, valuation-driven investment house, focused on bottom-up stock picking. Our aim is to identify mispriced assets trading at discounts to their long-term business value (fair value) through extensive proprietary research. In calculating fair values, through our fundamental research, we focus on through-the-cycle normalised earnings and/or free cash flows using a long-term time horizon. The Portfolio is constructed based on the relative risk-adjusted upside to fair value of each underlying security and their expected Internal Rate of Return (IRR), whilst simultaneously managing portfolio risk exposure relative to the benchmark.
*MSCI Emerging Markets Total Return (net) Index
The value of investments may go down as well as up, and is therefore not guaranteed. Past performance is not necessarily an indication of future performance.
| STRATEGY RETURNS GROSS OF FEES | |||
|---|---|---|---|
| STRATEGY | BENCHMARK* | OUTPERFORMANCE | |
| Since Launch (unannualised) | 42.5% | 37.0% | 5.5% |
| Since Launch (annualised) | 10.9% | 9.6% | 1.3% |
| Latest 3 years (annualised) | 19.1% | 18.2% | 0.9% |
| Latest 1 year | 20.4% | 17.3% | 3.1% |
| Year to date | 30.2% | 27.5% | 2.7% |
| Latest 6 months | 26.2% | 23.9% | 2.3% |
| Latest 3 months | 11.2% | 10.6% | 0.6% |
| Month | 8.4% | 7.2% | 1.2% |
*MSCI Emerging Markets Total Return (net) Index
The value of investments may go down as well as up, and is therefore not guaranteed. Past performance is not necessarily an indication of future performance.