| Asset Group | Asset Sub-Group | Investment Category |
| Equities | Emerging markets | Core |
Why we recommend itManager Sujaya Desai has been part of this team since 2019 and was co-manager on this fund before taking over as lead in 2023. She is part of a 13-person team that includes David Gait, a highly experienced investor and a previous manager of this fund. The strategy follows the house approach and employs a bottom-up, benchmark-agnostic, and long-term style that looks for high-quality companies with sustainable and predictable businesses. There is a clear focus on management quality and a focus on companies that contribute to and benefit from sustainable development. The portfolio is composed of 30-75 stocks and bears little resemblance to the MSCI Emerging Markets Index. A preference for franchises with durable business models, high-integrity management teams, and limited regulatory and political oversight leads to a persistent overweighting in India at the expense of China. Not surprisingly, this often leads to lumpy performance relative to the benchmark. There are also biases down the market-cap scale, towards the growth style and to quality metrics. Opinion Overall, we are positive on the experience of the team and the time-tested process. Sustainability criteriaMorningstar Sustainable Attribute: This fund is considered a sustainable investment product based on its prospectus or other regulatory filings. As a General ESG Investment, the fund uses environmental, social and governance (ESG) criteria as a central part of the security-selection and portfolio-construction process. These strategies endeavour to promote sustainability and minimise negative impact, without focusing on a specific theme or area of action. | ||
| Information and data compiled to April 2024. | ||
Risk warnings
The information we provide in the ACE 40 investments list does not constitute a "personal recommendation". You should ensure that any investment decisions you make are suitable for your personal circumstances and that the ethical style of the investment reflects your personal beliefs.
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