Generating income from stock-picking in emerging markets
The Fund aims to achieve both income and long term capital growth through a portfolio of emerging market equities.
The Fund Manager’s investment approach combines bottom-up stock selection with top-down macroeconomic research and analysis, including an innovative sector overlay designed to help identify the long-term secular drivers of the market. While top-down analysis provides useful indicators of the countries and sectors most likely to outperform, stock selection remains the key driver of portfolio construction and a key source of alpha.
The Fund Manager looks at global growth expectations, macroeconomic trends, government models, risk aversion, currency and the valuation environment to establish a dynamic understanding of the economic backdrop of the investment universe.
- The team has 60+ years of combined industry experience
- Typically 50‑80 positions
- No benchmark or tracking error constraints
- Fundamentally-driven analysis and stock selection
FE Crown Fund Ratings do not constitute investment advice offered by FE and should not be used as the sole basis for making any investment decision. All rights reserved.
Fund Managers & Analyst
William joined Polar Capital in October 2010 as a fund manager to establish the Emerging Markets investment team. Prior to joining Polar Capital, William spent thirteen years at AXA Framlington, where he was head of the emerging markets desk, working on both dedicated emerging markets portfolios and as part of the global investment team.
William was portfolio manager for the AXA Framlington Emerging Markets Fund from 2004 until his departure. He joined AXA Framlington from LCF Edmond de Rothschild Securities where he was part of the country fund broking team. Prior to this, he was a fund manager with Citibank, Municipal Mutual Insurance and English Association.
- BSc in Economics, University of Bristol
- 33 years
Ming joined Polar Capital in October 2010 as a portfolio manager. Prior to joining Polar Capital, Ming spent 5 years at AXA Framlington as an Asian specialist, managing Asian equity portfolios for global emerging market funds and global balanced funds.
Following a post graduate career in China, Ming moved to London in 1990. Ming took up a position as an equity investment analyst at American Express Asset Management in 1995. She moved to Sarasin Investment Management in 1999 as a senior equity analyst for the Asia Pacific Market, before joining AXA Framlington in 2005.
- 24 years
Sam joined Polar Capital in August 2013 and is a Fund Manager for the Polar Capital Emerging Markets team.
Prior to joining Polar Capital, Sam joined PWC in 2008 and became a senior associate in 2010 providing assurance services to FTSE 100 clients.
- BA in Economics and Business Studies, Newcastle University
- CFA Charterholder, Chartered accountant with the ICAEW (ACA) and Investment Management Certificate (IMC)
- 6 years
Cumulative Performance (%)
|US$ Class I Acc||5.56||10.38||14.87||14.87||32.37||18.45||-||32.90||3.23|
Discrete Annual Performance (%)
Top 10 Positions (%)
|China Construction Bank||2.9|
Market Capitalisation Exposure (%)
|Large Cap (>US$10bn)||41.2||74.0|
|Mid Cap (US$1 - 10bn)||53.2||26.0|
|Small Cap (<US$1bn)||3.8||0.0|
|United Arab Emirates||3.3||2.7|
Fact Sheet History
Tax & Distribution Reporting
Report & Accounts
Codes & Fees
|US$ Class I Acc||PCEMIUA ID||IE00B4Z35Y04||B4Z35Y0||1.21%||-|
|US$ Class I Dist||PCEMIUD ID||IE00B4TTVL32||B4TTVL3||1.21%||-|
|GBP Class I Acc||PCEMIBA ID||IE00B58P1Y20||B58P1Y2||1.21%||-|
|GBP Class I Dist||PCEMIBD ID||IE00B4V5ND50||B4V5ND5||1.21%||-|
|EUR Class I Acc||PCEMIEA ID||IE00B54LVH70||B54LVH7||1.21%||-|
|EUR Class I Dist||PCEMIED ID||IE00B4ZHXX73||B4ZHXX7||1.21%||-|
|US$ Class R Acc||PCEMRUA ID||IE00B4VVWP88||B4VVWP8||1.71%||-|
|US$ Class R Dist||PCEMRUD ID||IE00B5282553||B528255||1.71%||-|
|GBP Class R Acc||PCEMRBA ID||IE00B4YDSX18||B4YDSX1||1.71%||-|
|GBP Class R Dist||PCEMRBD ID||IE00B51D4337||B51D433||1.71%||-|
|EUR Class R Acc||PCEMREA ID||IE00B4WZTL41||B4WZTL4||1.71%||-|
|EUR Class R Dist||PCEMRED ID||IE00B53D4F35||B53D4F3||1.71%||-|
OCF is correct as at the date of the latest published KIID.
Countries in which this fund is available
Please click on each country to see share class availability