For fund managers James Syme and Paul Wimborne, identifying the right countries in which to invest is the most important influence on investment performance. Complementing their top-down view is a stock selection process that focuses on identifying quality growth stocks within their favoured countries. The result is a large-cap biased portfolio of typically 50-60 stocks.
Investment Strategy
James and Paul believe country allocation is the major driver of outperformance in emerging markets
Through an exhaustive monthly country allocation process that covers all 20+ countries within the MSCI Emerging Markets Index, the fund managers produce country allocation targets for each country within the index based on a five-factor analysis: Growth, Liquidity, Currency, Management/Politics and Valuation of equity market
Complementing their top-down view is a stock selection process that focuses on identifying quality growth stocks trading on attractive valuations within the fund managers’ favoured countries
Over time, they expect that top-down and bottom-up decisions will each contribute 50% of total value added
Reasons To Invest
Emerging markets are playing an increasingly important role in investors’ asset allocation decisions. They have witnessed dynamic expansion in recent years but should continue to drive global economic growth in the years ahead
Established, transparent investment process that has a long-term track record of outperformance
Strong emphasis on risk management and a consistent investment style tilt through the market cycle
James Syme
Senior Fund Manager
Paul Wimborne
Senior Fund Manager
The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.
Investors should note that this strategy invests in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
The JOHCM Global Emerging Markets Opportunities Fund aims to achieve long-term capital appreciation from investing in a portfolio of equity securities of companies in emerging markets around the world.
15% on excess if Fund outperforms benchmark, calculated daily. Any underperformance carried forward. This fee applies to all share classes.
Administration
Status
UCITS
Investment manager
J O Hambro Capital Management Limited
Transfer agent and registrar
RBC Investor Services Limited
Depositary
RBC Investor Services Limited
The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.
Investors should note that this strategy invests in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
Strategy Highlights
As at 28 February 2021
In Brazil, several weeks of increasing tension between parts of the corporate sector and President Bolsonaro’s government have led to more decisive action by the government. Most coverage has focused on the decision to replace the CEO of oil company Petrobras (held in the portfolio) after the company decided to increase petrol and diesel prices in line with crude oil prices in the face of government criticism. President Bolsonaro has instead suggested that the company should cut fuel prices by 10%. This management change has been poorly received by investors, as it both reduces headline profitability and also calls the outgoing CEO’s shareholder-friendly operational and financial strategies into question.
This trend is not Petrobras-specific, though. President Bolsonaro is also pushing utility companies to reduce electricity prices. Taken in the whole, these moves show a clear move by the administration away from liberalising economic reforms and towards a more populist stance ahead of the 2022 elections.
This has a number of implications for investors. Coming at a time of rising US bond yields, the effect on the share prices of the companies concerned has been significantly negative, but at a wider level the stock market, local currency bonds and the currency have sold off and Brazilian CDS have increased.
This is partly because of the potential implications for fiscal and monetary policy. As fiscally loose, so monetarily tight. The BCB, the central bank, meets in mid-March, and the reaction function of the bank suggests that a weaker currency and higher bond yields are likely to lead to a hike. This isn’t a given, and consensus narrowly expects a hold in the meeting, but risks have definitely increased. The old adage that elections are good for markets in emerging Asia but bad in Latin America may yet apply. And yet, it is important not to be too bearish. Policy has to be viewed through the lens of fundamentals and, by our reckoning, fundamentals look very, very good indeed.
Barring a prolonged inflationary spike (end December unemployment was 14.2%, pretty much the highest it has been in twenty years of data; capacity utilisation recovered to 80.5% in January, well below the 83-84% levels seen at cyclical peaks), Brazil’s enduring weakness is its balance of payments, which is in turn largely a reflection of trade-related and portfolio flows.
And, right now, both of those look great. Brazil terms of trade (the ratio of export prices to import prices) are by far the best they have been in 25 years of data, far above the mid 90s or late 00s peaks. 2020 saw volatility in trade flows as Covid hit both domestic and external demand, and the last few months have seen economic recovery lift imports. However, there is a close historical relationship between terms of trade and exports, and that points to a substantial lift in exports as we move through 2021.
Concerns around politics and policy have meant that we have been cautious about adding exposure to Brazil, and we will continue to look to add opportunistically while the macro environment remains so supportive. It remains our view that Brazil is a market best seen as offering cyclical opportunities rather than a long-term buy-and-hold case, but there will be periods where the cyclical opportunity is strong and we believe that 2021 is likely to be one of them. The move higher in bond yields, reflecting a stronger global economy, is having a drag on Brazilian financial markets in the short-term, but that doesn’t remove the strong fundamental case for the medium-term.
The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.
Investors should note that this strategy invests in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.
Investors should note that this strategy invests in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
Percentage growth of the fund versus benchmark
Data as at 28 February 2021
A GBP share class, since launch (30 June 2011)
Return history (%)
Data as at 28 February 2021
Standardised Performance
Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. You should not base your decision to invest on this document. The Funds investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
Mar 16 - Mar 17
Mar 17 - Mar 18
Mar 18 - Mar 19
Mar 19 - Mar 20
Mar 20 - Mar 21
Fund
26.34%
28.23%
-9.82%
11.48%
12.47%
Monthly returns (%)
Data as at 28 February 2021
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Annual
Since inception
Fund
2011
-2.90
-7.42
-9.23
10.91
-6.08
-15.00
Benchmark
2011
-2.13
-9.44
-10.12
10.93
-6.42
1.36
-16.19
Fund
2012
6.82
6.17
-5.29
-2.08
-8.95
-0.61
4.08
-0.36
4.65
-0.46
0.92
1.47
5.29
Benchmark
2012
9.39
5.02
-3.98
-2.73
-6.86
1.97
3.27
-2.02
3.95
1.59
4.03
13.27
Fund
2013
4.31
2.79
-1.85
-1.44
2.58
-8.64
2.04
-3.17
2.30
6.16
-1.00
-1.13
2.10
Benchmark
2013
3.65
2.67
-1.74
-1.74
-0.28
-6.87
1.83
-3.88
2.63
5.52
-3.62
-2.35
-4.79
Fund
2014
-6.05
2.81
0.24
-1.07
6.71
-0.22
3.04
2.40
-4.37
3.79
2.47
-2.94
6.23
Benchmark
2014
-6.61
2.57
2.75
-0.26
4.71
0.16
3.45
3.37
-4.88
2.10
1.26
-4.19
3.74
Fund
2015
7.69
-0.91
3.27
4.35
-1.80
-7.05
-6.65
-7.12
-1.44
8.26
-0.22
-1.35
-4.41
Benchmark
2015
4.33
0.32
2.70
3.75
-2.70
-6.20
-6.29
-7.65
-1.87
6.41
-1.32
-1.49
-10.61
Fund
2016
-6.50
2.32
7.63
-2.44
-1.25
12.99
8.34
3.76
2.90
3.61
-6.62
0.73
26.34
Benchmark
2016
-3.99
3.64
9.36
-0.88
-3.35
11.91
7.43
3.58
2.27
6.62
-6.72
1.52
34.03
Fund
2017
5.27
2.78
3.63
-1.47
4.72
0.55
3.93
3.48
-3.36
6.28
-2.14
1.96
28.23
Benchmark
2017
4.22
3.46
2.40
-1.85
4.13
-0.50
4.79
4.08
-4.26
4.96
-1.09
2.82
25.15
Fund
2018
-1.17
-2.48
-3.37
3.95
0.97
-1.40
1.42
-1.11
-1.42
-6.05
4.51
-3.62
-9.82
Benchmark
2018
3.20
-2.08
-4.01
2.49
-0.63
-3.22
2.43
-1.84
-0.65
-7.08
4.71
-2.67
-9.57
Fund
2019
3.84
-1.17
5.23
1.13
-1.34
4.98
1.80
-3.95
1.10
-3.27
-1.05
4.18
11.48
Benchmark
2019
5.45
-0.49
1.60
3.28
-4.44
5.72
3.08
-5.33
1.12
-0.91
0.31
4.90
14.44
Fund
2020
-2.10
-3.81
-14.12
11.27
0.83
7.65
-0.46
0.31
2.14
0.37
6.35
5.76
12.47
Benchmark
2020
-3.77
-3.70
-12.29
8.99
1.23
8.44
1.77
2.21
-0.28
2.15
6.49
4.44
14.60
Fund
2021
1.11
0.93
2.05
73.44
Benchmark
2021
3.10
-1.33
1.73
69.62
Source and notes
JOHCM/MSCI/Bloomberg/Lipper.
Data shown net of fees, net income reinvested. Performance of other share classes may vary and is available on request. Please note that all fund performance is shown against the MSCI Emerging Markets NR 12pm adjusted in GBP. Performance of other share classes may vary and is available on request. Where shown, monthly returns table shows compounded discrete monthly performance.
Disclaimer
Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. You should not base your decision to invest on this document. The Funds investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.
Investors should note that this strategy invests in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
Fund statistics
Data as at 28 February 2021
Fund size
GBP 246.43m
Number of holdings
53
Top 10 holdings and active weights
Data as at 28 February 2021
Top 10 holdings
Samsung Electronics
9.05%
Naspers
5.05%
Prosus
4.15%
SK Telecom
3.97%
SK Hynix
3.77%
HKEx
3.76%
ENN Energy Holdings
3.73%
State Bank of India
3.28%
ICICI Bank
2.85%
CEMEX
2.82%
Top 10 active weights
Prosus
+4.15%
Samsung Electronics
+4.12%
SK Telecom
+3.86%
Naspers
+3.81%
HKEx
+3.76%
ENN Energy Holdings
+3.59%
State Bank of India
+3.17%
SK Hynix
+2.93%
CEMEX
+2.82%
Longfor Properties
+2.63%
Sector breakdown
Data as at 28 February 2021
Portfolio
Benchmark
Relative
Information Technology
19.02%
21.04%
-2.02%
Financials
19.02%
17.51%
1.51%
Consumer Discretionary
15.68%
18.61%
-2.93%
Materials
10.51%
7.72%
2.79%
Communication Services
7.86%
12.38%
-4.51%
Industrials
7.75%
4.19%
3.56%
Real Estate
7.58%
2.10%
5.48%
Utilities
3.91%
1.92%
1.99%
Consumer Staples
2.58%
5.42%
-2.84%
Energy
2.47%
4.68%
-2.20%
Health Care
0.00%
4.43%
-4.43%
Cash
3.60%
0.00%
3.60%
Market cap breakdown
Data as at 28 February 2021
Portfolio
Benchmark
Relative
Large Cap
75.70%
80.94%
-5.24%
Medium Cap
17.82%
19.06%
-1.24%
Small Cap
2.87%
0.00%
2.87%
Cash
3.61%
0.00%
3.61%
The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.
Investors should note that this strategy invests in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
Net dividends quoted in the local share class currency.
If you require the dividends for previous time periods, please contact RBC directly on 00353 14406555 or by fax on 00353 16131132 (0845 450 1974 and 02077475690 have been disabled).
Funds paying quarterly dividends
JOHCM UK Equity Income Fund
Share class
Q4 18
Q1 19
Q2 19
Q3 19
Q4 19
Q1 20
Q2 20
Q3 20
Q4 20
Q1 21
A distributing GBP
1.9368
2.0957
3.6523
2.7970
2.0409
1.5930
1.1154
1.2632
1.0771
1.1681
A accumulating GBP
3.6835
4.0293
7.1000
5.5449
4.1082
3.2391
2.2958
2.6218
2.2581
2.4649
B distributing GBP
1.8139
1.9597
3.4124
2.6093
1.9017
1.4790
1.0379
1.1739
0.9997
1.0825
B accumulating GBP
3.4588
3.7777
6.6508
5.1861
3.8367
3.0210
2.1395
2.4391
2.0980
2.2869
Y distributing GBP
1.3028
1.4102
2.4582
1.8832
1.3744
1.0730
0.7534
0.8514
0.7263
0.9944
Y accumulating GBP
1.4823
1.6220
2.8588
2.2334
1.6547
1.3051
0.9242
1.0570
0.5363
0.7879
Dividends are quoted and paid in pence per share
XD dates: 31 March, 30 June, 30 September and 31 December Payment dates: 31 May, 31 August, 30 November and 28 February
The quarterly table above shows the last two years net dividends (on a XD rather than a paid basis) for this fund. If you require the dividends for previous time periods, please contact RBC directly on 00353 14406555 or by fax on 00353 16131132 (0845 450 1974 and 02077475690 have been disabled).
Funds paying annual dividends
All funds have a XD date of 31 December 2020 and pay date of 28 February 2021.
JOHCM Asia ex Japan Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2021
pence per share
0.0000
A
EUR
28 Feb 2021
cents per share
0.0000
A
USD
28 Feb 2021
cents per share
0.0000
B
GBP
28 Feb 2021
pence per share
0.0000
B
EUR
28 Feb 2021
cents per share
0.0000
B
USD
28 Feb 2021
cents per share
0.0000
Z
GBP
28 Feb 2021
cents per share
1.3082
Z
USD
28 Feb 2021
cents per share
1.0517
JOHCM Asia ex Japan Small and Mid Cap Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2021
pence per share
0.0174
A
EUR
28 Feb 2021
cents per share
0.0000
A
USD
28 Feb 2021
cents per share
0.0000
B
GBP
28 Feb 2021
pence per share
0.0000
B
EUR
28 Feb 2021
cents per share
0.0000
B
USD
28 Feb 2021
cents per share
0.0000
Z
GBP
28 Feb 2021
cents per share
0.5072
JOHCM Concentrated Global Share Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2021
pence per share
0.4259
JOHCM Continental European Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2021
pence per share
5.8996
A
EUR
28 Feb 2021
cents per share
4.5760
A - hedge
GBP
28 Feb 2021
pence per share
1.5657
B
GBP
28 Feb 2021
pence per share
3.5824
B
EUR
28 Feb 2021
cents per share
2.9017
B - hedge
USD
28 Feb 2021
cents per share
0.7325
Y
GBP
28 Feb 2021
pence per share
2.3739
Y - hedge
GBP
28 Feb 2021
pence per share
1.7895
Y
EUR
28 Feb 2021
cents per share
1.9265
JOHCM European Select Values Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2021
pence per share
5.8627
A
EUR
28 Feb 2021
cents per share
3.6253
B
GBP
28 Feb 2021
pence per share
3.1469
B
EUR
28 Feb 2021
cents per share
1.4223
JOHCM European Concentrated Value Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
EUR
28 Feb 2021
cents per share
1.0427
B
USD
28 Feb 2021
cents per share
0.7018
B
EUR
28 Feb 2021
cents per share
0.5797
Z
EUR
28 Feb 2021
cents per share
1.5956
JOHCM Global Emerging Markets Opportunities Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2021
pence per share
1.6723
A
EUR
28 Feb 2021
cents per share
1.7483
A
USD
28 Feb 2021
cents per share
1.4737
B
GBP
28 Feb 2021
pence per share
0.8550
B
EUR
28 Feb 2021
cents per share
0.9178
B
USD
28 Feb 2021
cents per share
1.0224
Y
GBP
28 Feb 2021
pence per share
2.2520
Y
USD
28 Feb 2021
cents per share
2.0030
Z
GBP
28 Feb 2021
cents per share
3.5880
JOHCM Global Opportunities Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2021
pence per share
4.7894
A
EUR
28 Feb 2021
cents per share
5.0441
A
USD
28 Feb 2021
cents per share
4.8886
B
GBP
28 Feb 2021
pence per share
5.3099
B
EUR
28 Feb 2021
cents per share
4.6750
B
USD
28 Feb 2021
cents per share
4.6865
A - hedged
EUR
28 Feb 2021
cents per share
2.2077
X
GBP
28 Feb 2021
cents per share
4.0923
Z
GBP
28 Feb 2021
cents per share
1.8925
X - hedged
GBP
28 Feb 2021
cents per share
2.3159
X
EUR
28 Feb 2021
cents per share
2.2293
JOHCM Global Select Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2021
pence per share
0.0000
A
EUR
28 Feb 2021
cents per share
0.0000
A
USD
28 Feb 2021
cents per share
0.0000
B
GBP
28 Feb 2021
pence per share
0.0000
B
EUR
28 Feb 2021
cents per share
0.0000
B
USD
28 Feb 2021
cents per share
0.0000
Z
GBP
28 Feb 2021
cents per share
2.1310
JOHCM Japan Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2021
pence per share
2.8241
A
EUR
28 Feb 2021
cents per share
1.9872
A
JPY
28 Feb 2021
yen per share
382.8007
A - hedged
GBP
28 Feb 2021
pence per share
1.8023
B
GBP
28 Feb 2021
pence per share
1.6848
B
EUR
28 Feb 2021
cents per share
1.1929
B
JPY
28 Feb 2021
yen per share
231.4128
B - hedged
GBP
28 Feb 2021
pence per share
1.0995
JOHCM UK Dynamic Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A - distributing
GBP
28 Feb 2021
pence per share
4.5474
A - accumulating
GBP
28 Feb 2021
pence per share
6.3294
B - distributing
GBP
28 Feb 2021
pence per share
4.1566
B - accumulating
GBP
28 Feb 2021
pence per share
7.0581
Y - distributing
GBP
28 Feb 2021
pence per share
2.8496
Y - accumulating
GBP
28 Feb 2021
pence per share
3.6465
Y
GBP
28 Feb 2021
pence per share
2.2768
JOHCM UK Growth Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2021
pence per share
2.2139
B
GBP
28 Feb 2021
pence per share
0.6152
X
GBP
28 Feb 2021
pence per share
0.3146
JOHCM UK Opportunities Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A - distributing
GBP
28 Feb 2021
pence per share
4.7354
A - accumulating
GBP
28 Feb 2021
pence per share
7.0433
B - distributing
GBP
28 Feb 2021
pence per share
4.4936
B - accumulating
GBP
28 Feb 2021
pence per share
6.5893
Y - accumulating
GBP
28 Feb 2021
pence per share
3.9303
Y - distributing
GBP
28 Feb 2021
pence per share
3.1829
Net dividends quoted in the local share class currency.
If you would like more information, please contact RBC directly on 00353 14406555 or by fax on 00353 16131132 (0845 450 1974 and 02077475690 have been disabled). Email us at oeicdealing@johcm.co.uk.
Views & News
23 Mar 2021
Emerging Markets Spotlight
A top-down look at Brazil from the JOHCM Global Emerging Markets Opportunities team.
Emerging markets and the dollar: why not to be bearish on EM for too long
Many investors have assumed that dollar strength is the new normal, but pressure on the dollar is building. And when the dollar does roll over, the history of EM equities suggests the asset class could deliver very strong returns.
JOHCM Global Emerging Markets Opportunities Fund Q3 2020 Update
23 Oct 2020 | 19 mins
JOHCM Global Emerging Markets Opportunities Fund Q2 2020 Update
16 Jul 2020 | 21 mins
Coronavirus: life after lockdown – what’s next for the global economy?
02 Jun 2020 | 64 mins
JOHCM Global Emerging Markets Opportunities Fund Q1 2020 Update
14 Apr 2020 | 20 mins
James Syme
Senior Fund Manager
Paul Wimborne
Senior Fund Manager
The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.
Investors should note that this strategy invests in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
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14 years’ industry experience, joined Regnan in June 2020.
Tim Crockford leads the Regnan Equity Impact Solutions team. He previously managed the Hermes Impact Opportunities Equity Fund from its launch in December 2017, having co-founded the Hermes Impact team in 2016. Tim joined Hermes Investment Management in 2009 as a research analyst for the European Equities team and became lead portfolio manager of the ESG-integrated Hermes Europe ex-UK Equity Fund in 2015, which he also managed until he left Hermes.
13 years’ industry experience, joined Regnan in May 2020.
Mohsin is a fund manager dedicated to the strategy. He was previously a senior analyst on the Hermes Impact Opportunities Equity Fund, having joined Hermes in 2017. Prior to Hermes, Mohsin was an investment manager in Global Equities at Pictet Asset Management. At Pictet his experience included working on thematic equity funds including Water, Clean Energy and Agriculture.
10 years’ industry experience, joined Regnan in May 2020.
Maxime is an investment analyst dedicated to the strategy. He has a decade of experience in sustainable investment. Previously, as an investment analyst at Hermes from 2016, he participated in the design, launch and management of the Hermes Impact Opportunities Equity Fund. Prior to this he led the integration of ESG and stewardship across investment strategies.
6 years’ industry experience, joined Regnan in April 2020.
Maxine is an investment analyst dedicated to the strategy. She was previously an analyst on the Hermes Impact Opportunities Equity Fund. Maxime transferred to the Hermes Impact team in 2016, having initially joined the Hermes EOS team in 2014. She headed up the chemicals sector team, while also focusing on the financial services, industrials and technology sectors.
