Maple-Brown Abbott Global Emerging Markets Equity Fund
- Incorporates our belief that structural and cyclical change drive cash flow, valuations and longer-term share price returns
- Employs a valuation discipline
- Features a concentrated portfolio constructed with our highest conviction stock ideas managed on a benchmark unaware basis
The Fund is invested in companies listed (or expected to be listed) across global emerging and frontier markets and is actively managed. We may also invest in companies listed outside global emerging and frontier markets that generate a significant portion of their value or sales from these markets.
Core to our belief is the need to focus on both structural and cyclical change as the driver of cash flow, valuations, and ultimately, longer term share price returns. By placing change at the core of our philosophy, we seek to better identify and understand these shifts and how they will play out over our multi-year investment horizon. We believe the ideas capable of having the biggest impact are found at the intersection of our focus on change, our bottom-up, in-house industry research and our proprietary screen.
The Fund is managed on a ‘benchmark unaware’ basis and provides exposure to a concentrated portfolio of companies purchased at a discount to our assessment of their long-term value. We typically hold 30–40 stocks.
How would the Fund suit clients’ investment portfolios?
The Fund may be appropriate for investors who are seeking capital growth with an investment horizon of at least five years, a very high risk tolerance and are comfortable with the risks associated with investing in global emerging markets.
In our view, a diversified investment portfolio benefits from an allocation to global emerging markets. Emerging market companies provide investors with a unique opportunity to access long-term trends including growing middle class consumption, evolving demographics and the energy transition. Given the wide range in companies, valuations and macroeconomic factors, we believe that active management (i.e. active stock picking) is crucial when investing in global emerging markets.
The Fund aims to outperform the MSCI Emerging Markets Net Index (AUD), after fees, over a five-year period.
|Inception date29/06/2022||Distribution frequencyAnnual|
|BenchmarkMSCI Emerging Markets Net Index (AUD)||Minimum initial application$ 20,000|
|APIR codeMPL4768AU||Management fees and costs %*^0.95|
|Pricing frequency & cut-offDaily/2pm Sydney time on a Business Day||Buy/Sell spread %^0.35/0.35|
A team of experienced and dedicated investment professionals.
Head of Global Emerging Markets
Head of Asia
as at 30/11/2023
|1 mth %||3 mths %||1 yr % p.a.||Since inception % p.a.*|
^Past performance is not a reliable indicator of future performance. No warranty can be given for future performance. Returns are volatile and may fluctuate quickly and significantly. Total return is based on the movement in net asset value per unit plus distributions and is before tax and after all fees and charges. Imputation and foreign income tax offsets are not included in the performance figures.
Source: Maple-Brown Abbott and MSCI.
*Inception date is 29 June 2022
as at 07/12/2023
|Application price||Net asset value||Redemption price|
|$ 0.9946||$ 0.9911||$ 0.9876|
Forms and fund information
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