Fact sheet: Invesco Perpetual Global Emerging Markets

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
EMERGING MARKETS
Sector
UT Global Emerging Markets
Fund type
OEIC
Primary aim
GROWTH
Why Money Observer Rates Invesco Perpetual Global Emerging Markets

Rated Fund 2015-2018. Looks for cheap companies in growth markets

This fund has been managed by Dean Newman, Invesco Perpetual's head of emerging market equities based in Henley-on-Thames, since 2007. Stock selection is the key focus of his investment strategy. He aims to invest in companies that he believes are well-run and have a market position that should allow them to deliver a high level of return on invested capital.

His investment approach also places a strong emphasis on valuation, which he regards as a key determinant of future returns. Even if the fundamentals of a company are strong he will not buy the stock if it is overvalued. Emerging markets can be volatile, but as a long-term investor Newman likes to take advantage of temporary bouts of equity weakness as they provide him with more attractive buying opportunities. The fund has historically tended to do well in periods when markets have been weaker. At the end of 2017, his largest geographical weightings were to South Korea and China, at around 15 per cent each, and Taiwan at 11 per cent. However, his largest overweight is to the Europe, Middle East and Africa region.

Going into 2018, he is positive on the outlook for emerging markets on the basis that they are still trading at a significant discount to developed ones, despite their strong run during 2017. Companies are also increasingly delivering on expectations of double-digit earnings growth.He recognises, however, that companies in emerging markets are not immune to a global growth shock.<\p>

3 Year Performance
Fund Performance36%
Average of Rated Funds Group35.4%
Sector Performance27.4%
Fund information
Fund name
Invesco Perpetual Global Emerging Markets Z Acc
Fund manager company
Invesco Perpetual Fund Mgrs
Fund type
OEIC
Fund managers
  • Dean Newmansince 01/04/2007
Accolades
Fund objective
The objective of the fund is to achieve capital growth. The fund invests primarily in shares of emerging market companies. The fund may use derivatives (complex instruments) to manage the fund more efficiently, with the aim of reducing risk, minimising costs and/or generating additional capital or income. The fund is actively managed within its objectives and is not constrained by a benchmark.
Benchmark
  • IA Global Emerging Markets
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
10.6%
1 Year rank in sector
25/58
Sector
UT Global Emerging Markets
Yield
1.2%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1%
Fund size
£367m (£372m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
130
Mid price
351.54
Top in this sector
Fund name1 Year
Legg Mason IFMCEM19.9%
Baillie Gifford Emg Mkts Gth16.2%
Neptune Emerging Markets15.9%
UBS Global Emg Mkts Equity15.4%
BlackRock Emerging Markets14.9%
...more in UT Global Emerging Markets

Performance snapshot

Holdings snapshot

  • Korea15.9%
    China13.4%
    Taiwan12%
    South Africa10.2%
    Brazil9.9%
  • Information Technology27.6%
    Financials24.8%
    Consumer Discretionary14.3%
    Materials7.6%
    Industrials6.8%
  • South Korean Equities15.9%
    Chinese Equities13.4%
    Taiwanese Equities12%
    South African Equities10.2%
    Brazilian Equities9.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5%-6.9%-3.2%10.6%36%57.6%
Sector-5%-6.7%-3.5%9.1%27.4%38.7%
Rank within sector29 / 6139 / 6025 / 5825 / 589 / 536 / 45
Quartile2nd3rd2nd2nd1st1st
Calendar performance
 YTD - 20182017201620152014
Fund-5.3%25.2%32.9%-4.9%6.6%
Sector-4.4%24.7%32.6%-10.6%3%
Rank within sector48 / 5927 / 5735 / 558 / 5211 / 47
Quartile4th2nd3rd1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
2.3
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.96
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.58
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
14.93
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
2.84
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.67
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.96
Price movement
52 week high386.36
52 week low312.96
Current bid price-
Current offer price-
Current mid price351.54
Region
1Korea15.89%
2China13.39%
3Taiwan12.02%
4South Africa10.21%
5Brazil9.85%
6India6.82%
7Russia6.79%
8Hong Kong4.63%
9Turkey2.14%
Industry sector
1Information Technology27.58%
2Financials24.8%
3Consumer Discretionary14.31%
4Materials7.61%
5Industrials6.78%
6Energy6.22%
7Consumer Staples5.84%
8Health Care1.89%
9Real Estate1.76%
Asset type
1South Korean Equities15.89%
2Chinese Equities13.39%
3Taiwanese Equities12.02%
4South African Equities10.21%
5Brazilian Equities9.85%
6Indian Equities6.82%
7Russian Equities6.79%
8Hong Kong Equities4.63%
9American Emerging Equities2.32%
Individual holdings
1NASPERS6.08%
2SAMSUNG ELECTRONICS CO6.07%
3ALIBABA GROUP HLDG LTD4.97%
4TAIWAN SEMICONDUCTOR MANUFACTURING4.55%
5SBERBANK OF RUSSIA2.89%
6KB FINANCIAL GROUP INC2.32%
7HOUSING DEVELOPMENT FINANCE CORP2.13%
8HOUSING DEVELOPMENT FINANCE CORP2.13%
9BAIDU INC2.05%
Management
Fund manager group
Invesco Perpetual
Fund manager company
Invesco Perpetual Fund Mgrs
Fund type
OEIC
Fund objective
The objective of the fund is to achieve capital growth. The fund invests primarily in shares of emerging market companies. The fund may use derivatives (complex instruments) to manage the fund more efficiently, with the aim of reducing risk, minimising costs and/or generating additional capital or income. The fund is actively managed within its objectives and is not constrained by a benchmark.
Benchmark
  • IA Global Emerging Markets
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Dean Newman01/04/2007Based in Henley-on-Thames, Dean is Head of Emerging Markets Equities at Invesco Perpetual, with responsibility for the management of global emerging markets and Latin American equity portfolios. Dean began his investment career in 1985 joining Legal & General where he covered UK equity markets, moving to Japanese bank Sanwa in 1991 where he was Head of UK Equities. He became Head of Emerging Markets Equities at Invesco Perpetual in April 2007, having joined the company in 1993 and the Emerging Markets Equities team in 1994. Dean has been a driving force behind the team’s investment strategy with his many years experience of investing across all emerging markets regions. Dean graduated from Durham University with a BA honours degree in Economics and Politics.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Invesco Perpetual Global Emerging Markets Acc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.75%
Total expense ratio (TER)1.72%
Bid price-
Offer price-
Mid price364.34
CurrencyGBX
Price updated18/04/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSM15
Invesco Perpetual Global Emerging Markets Inc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.75%
Total expense ratio (TER)1.72%
Bid price-
Offer price-
Mid price324.66
CurrencyGBX
Price updated18/04/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeSM14
Invesco Perpetual Global Emerging Markets No Trail Acc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.25%
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price241.72
CurrencyGBX
Price updated18/04/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFCV2
Invesco Perpetual Global Emerging Markets No Trail Inc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.25%
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price220.02
CurrencyGBX
Price updated18/04/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFCV3
Invesco Perpetual Global Emerging Markets Y Acc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.95%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price321.97
CurrencyGBX
Price updated18/04/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK61O
Invesco Perpetual Global Emerging Markets Y Inc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.95%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price304.54
CurrencyGBX
Price updated18/04/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeK61P
Invesco Perpetual Global Emerging Markets Z Acc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price351.54
CurrencyGBX
Price updated18/04/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGUXP
Invesco Perpetual Global Emerging Markets Z Inc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1%
Total expense ratio (TER)0.97%
Bid price-
Offer price-
Mid price328.67
CurrencyGBX
Price updated18/04/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGUXQ
Data provided by

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