Global Emerging Markets

About Global Emerging Markets

The Martin Currie Global Emerging Markets strategy offers investors a diverse opportunity set and superior growth prospects driven by the long-term, powerful drivers of a young and growing population, rising urbanisation and a growing middle class.

As long-term investors, we use bottom-up, fundamental research to identify high quality companies with robust balance sheets and sustainable growth potential. Our process for identifying the very best investment opportunities in emerging markets is underpinned by our long-term investment philosophy and belief that companies exhibiting these characteristics are frequently undervalued by the market.

ESG factors are embedded in the investment process and engagement is viewed as an essential element of our analysis. Top-down factors are considered a source of risk, as such, a member of the team is dedicated to macro and political research. Investors can expect relative performance to be delivered on the strength of individual investments and not a particular market outcome.

Our investment philosophy is founded on a belief that the market frequently misprices a company’s long-term, value-creation potential; as long-term investors, we are able to identify the nature and scale of the mispricing through rigorous fundamental research.

We seek to add further value by investing in quality companies that exhibit the strongest growth characteristics.

Combining this approach with active stock picking is how we seek to deliver superior alpha over the long term for our clients.

Martin Currie has been managing dedicated emerging markets portfolios since 1991. Our team is focused on managing one strategy and portfolios reflect our highest-conviction ideas from within the emerging-markets universe.

We are very clear that we can add value through bottom-up stock selection and build portfolios that reflect responsible stewardship of our clients' capital.

The result is a high-conviction portfolio of 40-60 of high-quality, sustainable growth emerging market companies.

Portfolio characteristics	Global Emerging Markets
Long-term objective	To outperform the MSCI Emerging Markets Index by +3% p.a. over rolling three to five-year periods.
Benchmark	MSCI Emerging Markets Index
Market capitalisation	All-Cap
Sector/country allocations	As a result of stock selection- managed within factor risk analysis
Security limit	Maximum 10% absolute stock weight
Number of stocks	40-60
Portfolio turnover	Low - expected turnover
Forecast tracking error	Maximum of 8% per annum
Inception	13 September 1991

The time is right for investing in emerging markets

The interplay of mega cities with new technology and the rapid growth of middle class consumers is giving rise to some truly world class emerging market companies.

Alastair Reynolds
Portfolio Manager

Investment team

Our dedicated emerging markets team has a distinct structure in that each team member has a dual role as both portfolio manager and analyst and is responsible for idea generation, research, security selection and portfolio construction.