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  • The Fund invests primarily in a diversified portfolio of equity securities or equity-related securities of companies whose activities predominantly take place in emerging markets and are listed, traded or dealt in on regulated markets worldwide
  • Investing with the sustainability investment strategy in the Fund is subject to the associated risks such as subjective judgement in investment section, reliance on third party source, lack of global standardization regarding which activities qualify as sustainable and concentration in investments with sustainability focus
  • The Fund invests in emerging markets which may have increased risks than developed markets including liquidity risk, currency risk/control, political and economic uncertainties, high degree of volatility, settlement risk and custody risk
  • Investing in small/mid-capitalisation companies securities may have lower liquidity and their prices are more volatile to adverse economic developments
  • The Fund’s investments may be concentrated in a single sector  which may have higher volatility or greater loss of capital than more diversified portfolios
  • The Fund may expose to China market risk including repatriation risk, uncertainties to PRC taxation policies and risks associated with StockConnects, QFI, the ChiNext market and/or the STAR board. The Fund may also expose to RMB currency and conversion risk
  • The Fund may use FDIs for hedging and efficient portfolio management purposes, which may subject the Fund to additional liquidity, valuation, counterparty and over the counter transaction risks
  • It is possible that a part or entire value of your investment could be lost. You should not base your investment decision solely on this document. Please read the offering document including risk factors for details

Investment objective and policy

The Fund aims to grow your investment.

Pursuant to the EU Sustainable Finance Disclosure Regulation (EU 2019/2088), this Fund also has sustainable investment as its objective under Article 9. The Fund invests at least 70% of its assets in shares of companies in emerging markets or whose business is predominantly based in emerging markets. This includes companies that are listed on exchanges in developed markets. The Fund may invest up to 100% of its assets in Emerging Markets, in any industry, or companies of any size. The Fund will not invest more than 50% of its assets in China A Shares. The Fund invests in shares of high-quality companies which are positioned to contribute to, and benefit from, sustainable development. Investment decisions around high quality companies are based on three key points: (i) Quality of management. (ii) Quality of the company including its social usefulness, their environmental impacts and efficiency and responsible business practices. (iii) Quality of the company's finances and their financial performance. Sustainability is a key part of the approach. The Fund may invest up to 10% in other funds. The Fund may use derivatives to reduce risk or to manage the Fund more efficiently.

This page is updated monthly. Visit Fund literature page for monthly Factsheets, Quarterly Reports, KIIDS and Prospectuses.

Stewart Investors Global Emerging Markets Sustainability Fund

Overview of Stewart Investors Global Emerging Markets Sustainability Fund performance

Fund name Fund type Currency Price Daily change Price date Factsheet
Stewart Investors Global Emerging Markets Sustainability Class I (Acc) Irish UCITs USD 10.95 -0.94 29 May 2024

This page is updated quarterly. Visit Fund literature page for monthly Factsheets, Quarterly Reports, KFS and Prospectus.

Investment objective and strategy

The Fund aims to achieve long-term capital appreciation and sustainably invest in companies which both contribute to, and benefit from, sustainable development, achieving positive social and environmental sustainable outcomes. The Fund invests primarily in a diversified portfolio of equity securities or equity-related securities of companies whose activities predominantly take place in emerging markets and are listed, traded or dealt in on regulated markets worldwide.  

 

Fund information (as at 30/04/2024)

Fund launch date 18 February 2019
Share class launch date 24 February 2023
Fund size (US$m) 560.0
Benchmark MSCI Emerging Markets Net Index
Number of holdings 53
Fund managers Sujaya Desai/Jack Nelson
Minimum investment US$1000/US$500 subsequent
Initial charge 0%
Ongoing charges^^ 1.57%
Share type ACCUMULATION
ISIN IE000AQHA357
Research rating** Morningstar®:Bronze

Top 10 holdings (as at 30/04/2024)

Stock name %
Mahindra & Mahindra Ltd. 6.2
Taiwan Semiconductor Manufacturing Co., Ltd. 5.3
Tube Investments of India Limited 5.0
HDFC Bank INR1 4.9
Tata Consultancy Services Limited 4.5
Qualitas Controladora S.A.B. de C.V. 3.1
Jeronimo Martins, SGPS S.A. 3.1
Unicharm Corporation 2.9
Weg S.A. 2.8
Marico Limited 2.8

Performance

 

To comply with regulatory requirements, a chart showing the Fund's performance versus its benchmark index, together with performance data, will be provided once the Funds has been in operation for six months.

Sector breakdown as at 30 Apr 2024

Country breakdown as at 30 Apr 2024

Allocation percentage is rounded to the nearest one decimal place and the total allocation percentage may not add up to 100%.

Fund level reporting to 31 Dec 2023

The SFDR Level 2 reporting template for each of our Article 9 funds is available in a standalone document and also within the First Sentier Investors Global Umbrella Fund plc 2022 Annual Report. The social and environmental outcomes for the Funds are below:

  • As at 31 December 2023, the Fund held 57 companies.
  • All companies (100%) were contributing to at least one human development pillar and, in total, were making 167 contributions to the pillars.
  • 36 companies (63%) were contributing to climate change solutions. These companies were contributing to 33 different solutions and, in total, were making 111 contributions to the solutions.

The social and environmental outcomes for the Fund are provided in the charts.

Full information on our ESG/Sustainability Fund reporting is available here.

Risk Factors

The value of investments and any income from them may go down as well as up and is not guaranteed. Investors may get back significantly less than the original amount invested.

The Fund may also experience the following risks:

Emerging market risk: Emerging markets tend to be more sensitive to economic and political conditions than developed markets. Other factors include greater liquidity risk, restrictions on investment or transfer of assets, failed/delayed settlement and difficulties valuing securities.

Currency risk: The Fund invests in assets which are denominated in other currencies; changes in exchange rates will affect the value of the Fund and could create losses. Currency control decisions made by governments could affect the value of the Fund's investments and could cause the Fund to defer or suspend redemptions of its shares.

For further information on risks, please refer to the Risk Factors section in the Company prospectus.

Investment should be made on the basis of the Prospectus and Key Investor Information Document. If you are in any doubt as to the suitability of any of our funds for your investment needs, please seek independent financial advice.

Portfolio Explorer

Explore the companies held within our Global Emerging Markets Sustainability Strategy.

Insights

Latest articles, research and reports from Stewart Investors.

Important information

 

These figures refer to the past. Past performance is not a reliable indicator of future results. For investors based in countries with currencies other than USD, the return may increase or decrease as a result of currency fluctuations.

All performance data for the Stewart Investors Global Emerging Markets Sustainability Fund Class I (Accumulation) USD as at the specified date. Source for fund - Lipper IM / Stewart Investors. Performance data is calculated on a net basis by deducting fees incurred at fund level (e.g. the management fee and other fund expenses), save that it does not take account of initial charges or switching fees (if any). Income reinvested is included on a net of tax basis. Source for benchmark - MSCI, income reinvested net of tax. Since inception performance figures have been calculated from 14 May 2019.

^ An initial charge of up to 5% may be levied in certain circumstances, including on regular savings plans and may be remitted as commission to an intermediary.

^^ The ongoing charge figure (OCF) is calculated on the same basis as for the Key Investor Information Document and represents the charges you will pay over a year for as long as you hold your investment and may vary from year to year. The OCF is made up of the annual management charge and additional expenses, but excludes portfolio transaction costs. For further information about charges and costs please visit https://www.firstsentierinvestors.com/uk/en/private/charges-overview.html.

** This does not constitute an investment recommendation and is not indicative of future results. Methodology available on rating provider's website.

Source: Lipper, Nav-Nav (with dividend reinvested where applicable)

The Fund is a sub fund of Ireland domiciled First Sentier Investors Global Umbrella Fund plc.

Acc represents share class with dividends accumulated. M Dist represents share class with monthly distribution of dividends.  H Dist represents share class with half-yearly distribution of dividends.  Q Dist represents share class with quarterly distribution of dividends.  Dividends are not guaranteed and may be paid out of capital. All prices are for indication only. For detail, please refer to the Fund’s factsheet for further details including investment objective & strategy, asset allocation, top 10 holdings, comparison with benchmark (if any) and disclosure.