Why invest in the Rathbone SICAV Emerging Markets Equity Fund?
- Actively managed, well-diversified blend of 80-120 emerging market (EM) equities, including opportunistic allocations to frontier market stocks
- Co-managers Tim Love and Joaquim Nogueira have EM equity investing firmly embedded in their DNA. Each has a wealth of experience; they’ve worked as a team for 30 years and enjoy a strong track record of investment success
- Boots on the ground in India, with a Mumbai-based analyst able to monitor investments and spot opportunities in the world’s fastest growing continent
- Investment process is custom-made to fit richly diverse and fast-changing opportunity set where mispricing is rife
- While our core strength lies in picking stocks on their own merits, our proprietary ‘top-down’ screens offer invaluable cross-asset class insights, helping us refine our conviction and spot broader market and macroeconomic signals
- Our approach is anchored in consistency. We believe that blending our deep, ‘bottom-up’ insights with top-down rigour helps us consistently capture underappreciated, high-quality investments across countries, regions, industries and market cycles
This is a marketing communication. Please refer to the prospectus and to the KID before making any final investment decisions
Key documents*
More about the Rathbone SICAV Global Emerging Markets Equity Fund
Today’s investors in global emerging markets (GEM) are buying a more resilient, diverse and higher-quality asset class than in decades past. Rather than mining, extraction and other low-value businesses, GEMs now boast high-tech and modern enterprises in industries from manufacturing and consumer electronics to e-commerce, payments and retail. Many have significant scale that allows them to compete – and often beat – developed rivals.
Nevertheless, structural inefficiencies, market complexities and GEM’s fast past of change continue to drive persistent mispricing across our equity universe. That gives us plentiful opportunities to make money across cycles, markets and industries.
We seek a 360-degree perspective. Our investment process starts from the bottom up to identify companies with strong earnings growth potential trading at attractive valuations. Our proprietary top-down screens then give us a cross-asset class perspective. Blending our bottom-up and our top-down views gives us a greater awareness of risks when building our portfolio, helping us emphasise downside protection.
This flexible blend approach prioritises strong company ‘fundamentals’ – such as growing sales and profit and prudent borrowing and cashflow – over rigid ‘growth’ and ‘value’ classifications. We blend ‘growth at a reasonable price’, ‘value’ and thematic ideas, allowing us to adapt to changing market, macroeconomic and geopolitical conditions.
We believe that targeting companies at the forefront of the massive energy, social and governance transitions under way in GEM will help deliver superior risk-adjusted returns.
The objective of our fund is to achieve long-term capital growth. The fund seeks to achieve its objective by investing in a broad range of shares from companies in emerging markets (developing countries), or from companies which generate a significant amount of their business from emerging market countries. We compare our fund against the MSCI AC Emerging Markets Index, however, we have significant freedom to deviate from it.
Meet the fund managers
Tim Love
Head of Global Emerging Market Equities and fund manager
Joaquim Nogueira
Fund manager