Hermes Global Emerging Markets Fund Class F GBP Accumulating

Emerging Markets

Rated Fund 2016-2018. Backs winners of structural change

 

This fund was highly commended in Money Observer's Best Global Emerging Markets Fund category in 2016. It has been managed by Gary Greenberg since 2011 with Kunjal Gala becoming his deputy in 2016.Greenberg's approach is to try to identify the winners of structural change in emerging economies. He aims to select high-quality companies with strong capital discipline and highly competent managements that he believes will weather market storms and reward investors over the long term.His first step is to look at macroeconomic factors in order to identify attractive countries and sectors in which to invest. Having identified those where he believes conditions are supportive for growth, Greenberg looks for the companies he wants to invest in, focusing on quality companies trading at attractive valuations. Because of the volatility of emerging markets, he stresses that it is important to buy shares at a discount so that there is a margin of safety.During the investment process, the universe of potential investments is filtered down, and individual companies are researched via extensive company meetings and analysis. Environmental, social and governance factors are also considered. The final portfolio consists of 50 companies from across the size spectrum.Ben Willis, head of research at Whitechurch Securities, rates Greenberg as a 'seasoned veteran' and says that his pragmatic investment philosophy has enabled him to deliver 'excellent' risk-adjusted returns.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
Hermes Global Emerging Markets Fund Class F GBP Accumulating
Manager
Hermes Investment Management Ltd
Type
Open Ended Investment Company
ISIN
IE00B3DJ5K90
Sector
Global Emerging Markets
Launched
08/11/2012
OCF
1.13 %
Risk Rating
3
3 Year Sharpe
1.23
3 Year Alpha
3.99
Yield
0 %
Benchmark
MSCI EM NR USD
The investment objective of the fund is to achieve long-term capital appreciation by investing primarily in a diversified portfolio of equity securities and equity related securities with an emerging markets bias quoted or traded on regulated markets worldwide.
Holding %
Tencent Holdings Ltd 6.29 %
Samsung Electronics Co Ltd 5.62 %
Alibaba Group Holding Ltd ADR 4.98 %
Taiwan Semiconductor Manufacturing Co Ltd ADR 4.92 %
Industrial And Commercial Bank Of China Ltd H 3.48 %
China Construction Bank Corp H 3.01 %
Techtronic Industries Co Ltd 2.44 %
Foschini Group Ltd 2.43 %
AIA Group Ltd 2.40 %
Itau Unibanco Holding SA 2.29 %
Region %
Asia - Emerging 40.93 %
Asia - Developed 29.71 %
Latin America 14.12 %
Africa 5.88 %
Sector %
Technology 32.03 %
Financial Services 30.04 %
Consumer Cyclical 19.16 %
Industrials 7.44 %
Name
Hermes Investment Management Ltd
Address
E1 8HZ, London, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Gary Greenberg
Joined 07/01/2011

Gary Greenberg joined Hermes Fund Managers in September 2010 in the Emerging Markets team. Previous to this, he was Managing Partner at Silkstone Capital and Muse Capital, both London based hedge funds he co-founded and managed in 2007 and 2002, respectively. From 1999 through 2002 he was at Goldman Sachs in New York and London, where he co-headed the Emerging Markets product for GSAM, and served on the global asset allocation and European stock selection committees. From 1998 to 1999 he was Managing Director at Van Eck Global in Hong Kong and New York, where he was the lead portfolio manager for International Equities and ran the Hong Kong Office. From 1994 through 1998 Gary was Chief Investment Officer at Peregrine Asset Management in Hong Kong, managing and supervising global and regional equity, plus fixed income funds. In the early years of his career he was a Principal of Wanger Asset Management in Chicago.

Data provided by Morningstar.

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