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 31 December 2020
As both the country first into the 2020 Covid crisis, and one of the (predominantly Asia-Pacific) countries that has seemed to manage the pandemic well, China was the first emerging market to show economic recovery in mid-2020. At the present time, however, we see some challenges to Chinese equities, and have responded by reducing our weight in the country, especially in the light of some of the highly attractive opportunities we find in other markets. First of these challenges are the signs of a slowdown in Chinese activity in the last quarter of 2020. This is by no means a crisis, but PMI data through the year end came in below consensus expectations, and November retail sales, while up 5.0% year-on-year, indicated that there has still not been a bounce back in the Chinese consumer to make up for the downturn in the spring. These stand in contrast to several other large emerging markets, where data continue to surprise as recoveries come through.
This softness has also come through in earnings estimates, with consensus estimated of company earnings for many Chinese companies being trimmed in the last three months, at exactly the period when it seems the global economy is accelerating and consensus earnings estimates are being revised higher in many emerging countries. Significantly, China lagged Korea and Taiwan in the last quarter on this measure, having tracked them through most of the rest of the year. The other set of challenges concern politics and policy, both within China and internationally. Domestically, the fallout continues from Alibaba founder Jack Ma’s speech in October in which he criticised Chinese regulators. Those regulators promptly cancelled the planned US$37bn listing of digital financial services company Ant Group (which Jack Ma is also a founder shareholder of). In December, the state began a full-blown antitrust investigation into Alibaba. This has caused a sharp decline in the share price of Alibaba, and related weakness in other Chinese internet and technology service businesses, as investors adjust to what may be a more difficult operating environment.
This has happened at broadly the same time as the US government has been ratcheting up restrictions on US investors investing in Chinese state-owned enterprises, principally by targeting the US secondary listings of such companies. A presidential executive order in November prohibits new investments in securities of Chinese businesses that the US government believes have links to the Chinese military. This could potentially hit many listed companies, but in the first instance has led to the delisting from the New York Stock Exchange of the shares of three state-owned telecom companies (and the removal of those securities from the MSCI China and MSCI EM indices). Of particular concern is that the executive order may also affect US investors’ stakes in other US-listed Chinese companies, including most of the internet names, and also products such as ETFs and derivatives based on various Chinese equity indices, including the Hong Kong Hang Seng Index.
We had already reduced exposure to US-listed Chinese SOEs in the portfolio in 2020, selling CNOOC, Sinopec and China Mobile. We have further reduced our weighting in China, partly in response to the various concerns highlighted above, and also partly in response to the much better macro environments we find in some other emerging markets.
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 31 December 2020
A GBP share class, since launch (30 June 2011)
Return history (%)
Data as at 31 December 2020
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.
Dec 15 - Dec 16
Dec 16 - Dec 17
Dec 17 - Dec 18
Dec 18 - Dec 19
Dec 19 - Dec 20
Fund
26.34%
28.23%
-9.82%
11.48%
12.47%
Monthly returns (%)
Data as at 31 December 2020
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
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 31 December 2020
Fund size
GBP 344.07m
Number of holdings
52
Top 10 holdings and active weights
Data as at 31 December 2020
Top 10 holdings
Samsung Electronics
9.75%
Naspers
4.63%
Naspers
4.42%
SK Telecom
3.96%
Xinyi Solar
3.71%
ENN Energy Holdings
3.71%
SK Hynix
3.36%
HKEx
3.26%
Petroleo Brasilero
3.17%
Barrick Gold
2.95%
Top 10 active weights
Samsung Electronics
+4.53%
Naspers
+4.42%
SK Telecom
+3.85%
Xinyi Solar
+3.58%
ENN Energy Holdings
+3.56%
Naspers
+3.49%
HKEx
+3.26%
Petroleo Brasilero
+3.17%
Barrick Gold
+2.95%
SK Hynix
+2.61%
Sector breakdown
Data as at 31 December 2020
Portfolio
Benchmark
Relative
Information Technology
19.09%
20.48%
-1.39%
Financials
18.34%
17.96%
0.38%
Consumer Discretionary
14.20%
18.34%
-4.13%
Materials
9.95%
7.56%
2.38%
Communication Services
8.15%
11.63%
-3.48%
Real Estate
7.01%
2.05%
4.95%
Industrials
6.45%
4.34%
2.11%
Consumer Staples
6.38%
5.86%
0.51%
Utilities
3.88%
2.02%
1.87%
Energy
3.17%
5.02%
-1.85%
Health Care
0.00%
4.74%
-4.74%
Cash
3.39%
0.00%
3.39%
Market cap breakdown
Data as at 31 December 2020
Portfolio
Benchmark
Relative
Large Cap
74.65%
79.71%
-5.07%
Medium Cap
20.48%
20.28%
0.19%
Small Cap
1.49%
0.00%
1.48%
Cash
3.39%
0.00%
3.39%
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
Q3 18
Q4 18
Q1 19
Q2 19
Q3 19
Q4 19
Q1 20
Q2 20
Q3 20
A distributing GBP
2.7765
1.9368
2.0957
3.6523
2.7970
2.0409
1.5930
1.1154
1.2632
A accumulating GBP
5.2101
3.6835
4.0293
7.1000
5.5449
4.1082
3.2391
2.2958
2.6218
B distributing GBP
2.6034
1.8139
1.9597
3.4124
2.6093
1.9017
1.4790
1.0379
1.1739
B accumulating GBP
4.8980
3.4588
3.7777
6.6508
5.1861
3.8367
3.0210
2.1395
2.4391
Y distributing GBP
1.8670
1.3028
1.4102
2.4582
1.8832
1.3744
1.0730
0.7534
0.8514
Y accumulating GBP
2.0960
1.4823
1.6220
2.8588
2.2334
1.6547
1.3051
0.9242
1.0570
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 2019 and pay date of 28 February 2020.
JOHCM Asia ex Japan Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2020
pence per share
1.8021
A
EUR
28 Feb 2020
cents per share
1.7923
A
USD
28 Feb 2020
cents per share
1.4855
B
GBP
28 Feb 2020
pence per share
0.6266
B
EUR
28 Feb 2020
cents per share
0.0638
B
USD
28 Feb 2020
cents per share
1.6124
JOHCM Asia ex Japan Small and Mid Cap Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2020
pence per share
3.1300
A
EUR
28 Feb 2020
cents per share
2.8099
A
USD
28 Feb 2020
cents per share
2.7475
B
GBP
28 Feb 2020
pence per share
1.8821
B
EUR
28 Feb 2020
cents per share
1.9280
B
USD
28 Feb 2020
cents per share
1.6124
JOHCM Concentrated Global Share Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2020
pence per share
0.09794
JOHCM Continental European Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2020
pence per share
2.4706
A
EUR
28 Feb 2020
cents per share
7.4192
A - hedge
GBP
28 Feb 2020
pence per share
9.0139
B
GBP
28 Feb 2020
pence per share
6.5954
B
EUR
28 Feb 2020
cents per share
5.6691
B - hedge
USD
28 Feb 2020
cents per share
2.1446
Y
GBP
28 Feb 2020
pence per share
3.0314
Y - hedge
GBP
28 Feb 2020
pence per share
2.7274
Y
EUR
28 Feb 2020
cents per share
3.0314
JOHCM European Select Values Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2020
pence per share
5.9865
A
EUR
28 Feb 2020
cents per share
3.9287
B
GBP
28 Feb 2020
pence per share
2.9895
B
EUR
28 Feb 2020
cents per share
1.4341
JOHCM European Concentrated Value Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
EUR
28 Feb 2020
cents per share
1.6278
B
USD
28 Feb 2020
cents per share
1.1828
B
EUR
28 Feb 2020
cents per share
1.0740
JOHCM Global Emerging Markets Opportunities Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2020
pence per share
3.3106
A
EUR
28 Feb 2020
cents per share
3.6734
A
USD
28 Feb 2020
cents per share
2.8168
B
GBP
28 Feb 2020
pence per share
2.4157
B
EUR
28 Feb 2020
cents per share
2.7523
B
USD
28 Feb 2020
cents per share
2.7885
Y
GBP
28 Feb 2020
pence per share
4.2322
Y
USD
28 Feb 2020
cents per share
3.6147
JOHCM Global Opportunities Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2020
pence per share
5.0670
A
EUR
28 Feb 2020
cents per share
5.6662
A
USD
28 Feb 2020
cents per share
4.9928
B
GBP
28 Feb 2020
pence per share
5.6608
B
EUR
28 Feb 2020
cents per share
5.2893
B
USD
28 Feb 2020
cents per share
4.8215
JOHCM Global Select Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2020
pence per share
2.8206
A
EUR
28 Feb 2020
cents per share
2.6793
A
USD
28 Feb 2020
cents per share
1.5358
B
GBP
28 Feb 2020
pence per share
0.3902
B
EUR
28 Feb 2020
cents per share
0.3720
B
USD
28 Feb 2020
cents per share
0.2511
JOHCM Japan Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2020
pence per share
3.1582
A
EUR
28 Feb 2020
cents per share
2.3586
A
JPY
28 Feb 2020
yen per share
437.0683
A - hedged
GBP
28 Feb 2020
pence per share
2.1461
B
GBP
28 Feb 2020
pence per share
1.9398
B
EUR
28 Feb 2020
cents per share
1.4400
B
JPY
28 Feb 2020
yen per share
271.9972
B - hedged
GBP
28 Feb 2020
pence per share
1.3891
JOHCM UK Dynamic Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A - distributing
GBP
28 Feb 2020
pence per share
8.3375
A - accumulating
GBP
28 Feb 2020
pence per share
1.1143
B - distributing
GBP
28 Feb 2020
pence per share
7.6644
B - accumulating
GBP
28 Feb 2020
pence per share
1.2491
Y - distributing
GBP
28 Feb 2020
pence per share
5.2184
Y - accumulating
GBP
28 Feb 2020
pence per share
6.4131
Y
GBP
28 Feb 2020
pence per share
4.3172
JOHCM UK Growth Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2020
pence per share
7.3614
B
GBP
28 Feb 2020
pence per share
5.0086
JOHCM UK Opportunities Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A - distributing
GBP
28 Feb 2020
pence per share
6.4553
A - accumulating
GBP
28 Feb 2020
pence per share
9.3148
B - distributing
GBP
28 Feb 2020
pence per share
6.1496
B - accumulating
GBP
28 Feb 2020
pence per share
8.7487
Y - accumulating
GBP
28 Feb 2020
pence per share
1.6547
Y - distributing
GBP
28 Feb 2020
pence per share
4.3346
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
18 Jan 2021
Emerging Markets Spotlight
James Syme on why the team are reducing their exposure to Chinese equities.
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.
