The Fund’s investment objective 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.
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.
The Investment Manager’s investment approach focuses primarily on fundamental bottom-up stock selection with top-down macro-economic research and analysis.
The Investment Manager seeks to identify growth opportunities by looking at global growth expectations, demand drivers, supply drivers (including those which impact changes in supply), macroeconomic trends (such as social demographic trends, monetary and fiscal policy, government models, and competitiveness) and factors impacting company valuations to establish a dynamic understanding of the economic backdrop to the investment universe. The Investment Manager’s research efforts are directed towards detailed analysis of a company’s specific strategic position and opportunities within its industry with a view to establishing its potential for future Economic Value Add (“EVA”). The Investment Manager looks to identify companies with the capability to generate a high, and growing level, of EVA in the future (identified over the medium to long term investment horizon). Having established a company’s opportunity for growth, its competitive position and its potential to create EVA, the Investment Manager uses a proprietary valuation model to identify its expected level of future EVA creation and its expected market value in relation to its current price. The Investment Manager’s process incorporates quantitive and qualitative analysis of environmental, societal and governance policies, performance, practices and impacts. The Investment Manager uses quantitive analysis (exclusionary screening) to avoid companies involved in activities deemed unacceptable or controversial from an environmental, societal and governance perspective, and uses qualitative methods (external research and internal analysis) to identify companies which can demonstrate continual improvement from an environmental, societal and governance perspective.
- Team of 5 sector specialists
- Fundamentally-driven analysis and stock selection
- ESG based analysis incorporated as part of the investment process
- Typically 45-65 positions
Fund Managers & Analysts
Jorry Rask Nøddekær
Jorry Rask Nøddekær
Jorry joined Polar Capital in June 2018 to launch the Polar Capital Emerging Market Stars Fund in July 2018.
Prior to joining Polar Capital, Jorry worked at various firms including Nordea Investment Management, Danske Capital, F&C Investment Management, New Star Asset Management and BankInvest Asset Management.
- MSc in Economics and Finance, Aarhus University
- 19 years
Michael joined Polar Capital in June 2018 to launch the Polar Capital Emerging Market Stars Fund in July 2018 alongside Jorry Nøddekær.
Prior to joining Polar Capital, Michael was a portfolio manager at Nordea Asset Management on the fundamental equities team. He has experience covering emerging markets on both the buy- and sell-side. Previous to that, he worked as a portfolio manager at Amiya Capital, a long-short emerging markets fund. He started his investment career as an equity strategist at Morgan Stanley and ING Barings. Michael has also worked as a professional economist.
- M.Phil, University of Cambridge D.Phil Candidate, University of Oxford
- 17 years
Jerry joined Polar Capital in June 2018. Prior to joining Polar Capital, Jerry was the fund manager of the Nordea Chinese Equity Fund and prior to his tenure at Nordea, Jerry was an equity analyst at Generation Investment Management specialising in China.
Jerry has also worked for BlackRock as a fundamental equity research analyst based in London and the US, specialising in the global consumer and technology sectors. Further to this, Jerry is a native speaker of Mandarin and fluent in English.
- BSc in Economics, Peking University MSc in Management, London Business School
- CFA Charterholder
- 9 years
Peter joined Polar Capital in April 2018. Prior to joining Polar Capital, Peter worked for Nordea Asset Management as an analyst on their Emerging Markets team and prior to his tenure at Nordea Asset Management he worked as a junior sell side analyst for Jyske Bank in their corporate bonds team.
- MSc in Economics and Management, Aarhus University
- Passed CFA Level III
- 6 years
Andy joined Polar Capital in June 2018. Previously, Andy was a portfolio manager at Laxey Partners Ltd, having joined the firm in 2008. During his tenure at Laxey, Andy specialised in Chinese and China-related equities. Andy is a native speaker of Mandarin and fluent in English.
- BSc in Accounting and Finance, Lancaster University MPhil in Real Estate Finance, University of Cambridge
- 10 years
Cumulative Performance (%)
|USD Class I Acc||-2.85||4.95||12.63||0.42||-||-||-||-4.60||-3.95|
Discrete Annual Performance (%)
Top 10 Positions (%)
|Alibaba Group Holding||6.9|
|Ping An Insurance||4.0|
|Housing Development Finance||2.7|
Market Capitalisation Exposure (%)
|Large Cap (>US$10bn)||58.7|
|Mid Cap (US$1 - 10bn)||31.0|
|Small Cap (<US$1bn)||7.8|
|United Arab Emirates||0.0||-0.8|
Fact Sheet History
Tax & Distribution Reporting
Report & Accounts
Codes & Fees
|EUR Class I Acc||POEMSIE ID||IE00BFMFDF33||BFMFDF3||1.01%||-|
|GBP Class I Acc||POEMSIG ID||IE00BFMFDG40||BFMFDG4||1.0|