Content navigation
Overview
As long-term investors, we use bottom-up, fundamental research to identify high quality emerging market companies with robust balance sheets and growth potential that we believe is attractive. 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. The strategy is a natural extension of the Martin Currie Global Emerging Markets strategy and allows access to the same investment philosophy and process, without exposure to Chinese companies. By offering the strategy, we hope to allow investors greater flexibility in how they manage their exposures within the region.
Key Information
| Portfolio characteristics | UK Equity Income |
|---|---|
| Objective | Long-Term Growth |
| Asset Class | Listed Equities |
| Style | All-cap core |
| Investable Universe | Emerging Markets |
| Benchmark | MSCI Emerging Markets ex. China 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 | 35-45 |
| Portfolio turnover | Low - expected turnover |
| Forecast tracking error | Maximum of 8% per annum |
| Inception | February 2022 |
Overview
The Martin Currie Global Emerging Markets ex. China strategy offers investors a diverse opportunity set and 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 emerging market companies with robust balance sheets and growth potential that we believe is attractive. 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. The strategy is a natural extension of the Martin Currie Global Emerging
Markets strategy and allows access to the same investment philosophy and process, without exposure to Chinese companies. By offering the strategy, we hope to allow investors greater flexibility in how they manage their exposures within the region.
Key Information
Outperform MSCI Emerging Markets ex. China Index over rolling three- to five-year periods.
| Portfolio characteristics | UK Equity Income |
|---|---|
| Objective | Long-Term Growth |
| Asset Class | Listed Equities |
| Style | All-cap core |
| Investable Universe | Emerging Markets |
| Benchmark | MSCI Emerging Markets ex. China 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 | 35-45 |
| Portfolio turnover | Low - expected turnover |
| Forecast tracking error | Maximum of 8% per annum |
| Inception | February 2022 |
-
Together, our capabilities form a powerful strategy, bringing together the best opportunities in Emerging Markets
Why Invest in Global Emerging Markets
High-conviction stock-driven investing
We focus on company fundamentals rather than macro factors to create a highly differentiated, stock-driven portfolio with a focus on long-term outcomes.
Collaborative team culture
Our uniquely collaborative culture fosters challenge and debate, leading to deeper insights and better decision-making. All team members are responsible for research and portfolio management.
Investment Strategy
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 use bottom-up, fundamental research with ESG integration to identify high quality companies with robust balance sheets and demonstrable, growth potential that we believe is attractive. We believe that companies exhibiting these characteristics are frequently undervalued by the market and that this inefficiency has been persistent over time.
- The key components of our transparent and disciplined investment process can be categorised as idea generation, fundamental analysis, stock discussion and portfolio construction.
- Each stage has a clear outcome, to track the journey of an investment from early idea, through to possible inclusion in our portfolio. This helps us collaborate in an effective manner, harnesses our collective knowledge at the appropriate times and helps us build conviction in our investment decisions.
Investment Strategy
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 use bottom-up, fundamental research with ESG integration to identify high quality companies with robust balance sheets and demonstrable, growth potential that we believe is attractive. We believe that companies exhibiting these characteristics are frequently undervalued by the market and that this inefficiency has been persistent over time.
- The key components of our transparent and disciplined investment process can be categorised as idea generation, fundamental analysis, stock discussion and portfolio construction.
- Each stage has a clear outcome, to track the journey of an investment from early idea, through to possible inclusion in our portfolio. This helps us collaborate in an effective manner, harnesses our collective knowledge at the appropriate times and helps us build conviction in our investment decisions.
Investment Strategy
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 use bottom-up, fundamental research with ESG integration to identify high quality companies with robust balance sheets and demonstrable, growth potential that we believe is attractive. We believe that companies exhibiting these characteristics are frequently undervalued by the market and that this inefficiency has been persistent over time.
- The key components of our transparent and disciplined investment process can be categorised as idea generation, fundamental analysis, stock discussion and portfolio construction.
- Each stage has a clear outcome, to track the journey of an investment from early idea, through to possible inclusion in our portfolio. This helps us collaborate in an effective manner, harnesses our collective knowledge at the appropriate times and helps us build conviction in our investment decisions.
Investment Team
Aimee Truesdale
- Job title
- Portfolio Manager
- Experience
- 10 years
Alastair Reynolds
- Job title
- Portfolio Manager
- Experience
- 32 years
Andrew Mathewson
- Job title
- Portfolio Manager
- Experience
- 20 years
Colin Dishington
- Job title
- Portfolio Manager
- Experience
- 12 years
Divya Mathur
- Job title
- Portfolio Manager
- Experience
- 27 years
Paul Desoisa
- Job title
- Portfolio Manager
- Experience
- 9 years
Paul Sloane
- Job title
- Portfolio Manager
- Experience
- 29 years
Our Capabilities
Contact Us
Please visit our contact page or speak to a member of our sales team, to discuss the most appropriate investment to meet your requirements and for more information on our investment capabilities.
Mel Bucher
Head of Global Distribution
T: +44 (0) 131 479 4748
M: +44 (0) 758 414 7720
E: mbucher@martincurrie.com
Contact Us
Please visit our contact page or speak to a member of our sales team, to discuss the most appropriate investment to meet your requirements and for more information on our investment capabilities.
Mel Bucher
Head of Global Distribution
T: +44 (0) 131 479 4748
M: +44 (0) 758 414 7720
E: mbucher@martincurrie.com
Susan Gim
Investment Client Portfolio Manager, Emerging Markets
T: +1 212-632-3263
E: sgim@martincurrie.com
Contact Us
Please visit our contact page or speak to a member of our sales team, to discuss the most appropriate investment to meet your requirements and for more information on our investment capabilities.
Mel Bucher
Head of Global Distribution
T: +44 (0) 131 479 4748
M: +44 (0) 758 414 7720
E: mbucher@martincurrie.com
Danni Yang, CFA®
Investment Client Portfolio Manger, Global Long-Term Unconstrained
M: +44 (0) 7826548065
E: dyang@martincurrie.com
Contact Us
Please visit our contact page or speak to a member of our sales team, to discuss the most appropriate investment to meet your requirements and for more information on our investment capabilities.
Mark Cho, CFA®
Head of Americas Distribution
Intermediary Sales/Wealth Management
T: +1 212 632 3292
E: mcho@martincurrie.com
Breanna Ellsworth, CFA®
Client Portfolio Manager, Distribution - US
T: +1 212 632 3293
E: bellsworth@martincurrie.com
Drew Comatos
Client Portfolio Manager, North America
Intermediary Sales/Wealth Management
T: +1 203 703 6472
E: dcomatos@martincurrie.com
Contact Us
Please visit our contact page or speak to a member of our sales team, to discuss the most appropriate investment to meet your requirements and for more information on our investment capabilities.
Ross Kent
Investment Client Portfolio Manager
T: +61 (0)3 9017 8629
M: +61 (0)455 253 384
E: rkent@martincurrie.com.au
Felicity Walsh
Managing Director, Australia and New Zealand
M: +61 (0) 429 209 566
E: Felicity.Walsh@franklintempleton.com
Related Insights
-
A beginner’s guide to semiconductors
An overview of the semiconductor industry, taking a look at the manufacturing process, key industry players and the current shape of the industry.
- Date published
- 10 Mar 2023
- Tag
- Global Emerging Markets
-
Emerging Markets pacing ahead?
While acknowledging the difficulty of predicting growth in 2023, IMF has just published its key forecasts for developed and emerging markets.
- Date published
- 21 Feb 2023
- Tag
- Global Emerging Markets
-
Investment case for China remains strong
Despite negative stock market reaction to the results from the 20th National Congress and Xi Jinping’s re-election, the investment case for China remains intact.
- Date published
- 26 Oct 2022
- Tag
- Global Emerging Markets ex. China
Important information
This information is issued and approved by Martin Currie Investment Management Limited (‘MCIM’), authorised and regulated by the Financial Conduct Authority. It does not constitute investment advice. Market and currency movements may cause the capital value of shares, and the income from them, to fall as well as rise and you may get back less than you invested.
The information contained in this document has been compiled with considerable care to ensure its accuracy. However, no representation or warranty, express or implied, is made to its accuracy or completeness. Martin Currie has procured any research or analysis contained in this document for its own use. It is provided to you only incidentally and any opinions expressed are subject to change without notice.
The document does not form the basis of, nor should it be relied upon in connection with, any subsequent contract or agreement. It does not constitute, and may not be used for the purpose of, an offer or invitation to subscribe for or otherwise acquire shares in any of the products mentioned.
Past performance is not a guide to future returns.
The distribution of specific products is restricted in certain jurisdictions, investors should be aware of these restrictions before requesting further specific information.
The views expressed are opinions of the portfolio managers as of the date of this document and are subject to change based on market and other conditions and may differ from other portfolio managers or of the firm as a whole. These opinions are not intended to be a forecast of future events, research, a guarantee of future results or investment advice.
The analysis of Environmental, Social and Governance (ESG) factors forms an important part of the investment process and helps inform investment decisions. The strategy/ies do not necessarily target particular sustainability outcomes.
Risk warnings – Investors should also be aware of the following risk factors which may be applicable to the strategy shown in this document.
- Investing in foreign markets introduces a risk where adverse movements in currency exchange rates could result in a decrease in the value of your investment. This strategy may hold a limited number of investments. If one of these investments falls in value this can have a greater impact on the strategy’s value than if it held a larger number of investments.
- Smaller companies may be riskier and their shares may be less liquid than larger companies, meaning that their share price may be more volatile.
- Emerging markets or less developed countries may face more political, economic or structural challenges than developed countries. Accordingly, investment in emerging markets is generally characterised by higher levels of risk than investment in fully developed markets.
- The strategy may invest in derivatives, Index futures and FX forwards to obtain, increase or reduce exposure to underlying assets.
- The use of derivatives may result in greater fluctuations of returns due to the value of the derivative not moving in line with the underlying assets. Certain types of derivatives can be difficult to purchase or sell in certain market conditions.