Global Emerging Markets

Global Emerging Markets – Equity

Our top stock picks providing exposure to emerging markets

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Best investment view across emerging markets.

INVESTOR PROFILE:

The fund is suitable for investors: Looking for exposure to emerging markets equities. Who are in their wealth build-up phase and require little income yield in the short term. Seeking a diversification of returns within a total investment solution. Able to withstand short-term market fluctuations in pursuit of maximum total returns over the long-term.

BENCHMARK:

MSCI Emerging Markets Index

FUND MANAGER:

Gavin Joubert and Suhail Suleman

LAUNCH DATE: 14 July 2008
FUND SIZE: US$ 1.46 billion
NAV (11 December 2019): 1258.42
NUMBER OF B - UNITS: 6900530.12
TIME HORIZON: 5 years +
REGULATION 28: No

Both the rand and dollar versions of the fund have outperformed the MSCI Emerging Markets Index by more than 1.8% p.a. since their respective launch dates.

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 69.9% 34.6% 35.4%
Since Launch (annualised) 4.8% 2.7% 2.1%
Latest 10 years (annualised) 4.9% 4.0% 0.9%
Latest 5 years (annualised) 0.7% 3.0% (2.3)%
Latest 3 years (annualised) 6.8% 7.4% (0.5)%
Latest 1 year 20.6% 11.9% 8.8%
Year to date 26.4% 10.4% 16.0%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2019 2018 2017
JAN 13.6% 6.9% 4.4%
FEB 3.6% (5.9)% 3.2%
MAR 4.5% (3.3)% 1.9%
APR 2.6% (1.5)% 5.2%
MAY (6.0)% (5.9)% 3.5%
JUN 8.7% (2.4)% (2.0)%
JUL (0.0)% 2.8% 9.1%
AUG (3.9)% (5.3)% 4.0%
SEP (1.0)% (2.8)% 1.3%
OCT 3.0% (7.2)% 0.3%
NOV - 0.3% 1.8%
DEC - (4.9)% 0.6%
YTD 26.4% (26.2)% 38.3%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
Not Available Not Available N/A N/A N/A
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 23.6% 21.5%
Maximum Drawdown (49.5)% (51.4)%
Maximum Gain 99.4% 56.3%
Positive Months 55.9% 53.7%
Sharpe Ratio 0.2% 0.1%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 106.2% Mar 2009 - Feb 2010
Worst Performing 12 months (33.6)% Sep 2014 - Aug 2015
TOP 10 HOLDINGS
AS AT 30 September 2019 % OF FUND
Ping An Insurance Group Co 4.8%
58 Com Inc-Adr 4.8%
Housing Dev Finance Corp 4.5%
British American Tobacco Plc 4.1%
Alibaba Group Holding 3.9%
AIA Group Ltd 3.2%
Naspers Ltd 3.2%
Magnit Ojsc-Spon 3.2%
Wuliangye Yibin Co Ltd - A 3.1%
Airbus Group SE 3.1%
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

1.40%

An annual fee of 1.40% is payable.

The above fee structure will take effect on 01 October 2019.

The current provision for a fee discount of 0.15% p.a., applicable if the fund underperforms its benchmark over any rolling 60-month period, will continue to apply to the new fixed fee until 30 September 2020.

Fund expenses that are incurred in the fund include administrative, trading, custody and audit charges. All performance information is disclosed after deducting all fees and other portfolio costs. We do not charge any fees to access or withdraw from the fund.

TOTAL EXPENSE RATIO (TER) 1.38% per annum, which includes a performance fee of 0.09%
TRANSACTION COSTS 0.2
ADVICE COSTS (EXCLUDING VAT)

Where investments are placed on your behalf by a financial adviser, initial fees are negotiated directly between you and your adviser, within the range of 0.00% - 3.00%. Coronation may share a portion of their annual management fee with the financial adviser as a subsidy for advice costs incurred and additional ongoing fees are negotiated directly between you and your adviser. The total ongoing fee, including the subsidy paid by Coronation, may be negotiated to a maximum of 1.00% per annum. Sharing of annual management fees: A portion of Coronation’s annual management fee may be paid to administration platforms as a subsidy for administrative and advice costs incurred when investing through these channels. Where commission and incentives are paid, these are included in the overall costs.