Aberdeen Emerging Markets Accumulation Shares
Overview
| Fund manager's initial charge | 4.25% |
|---|---|
| HL initial saving | 4.25% |
| Net initial charge | 0.00% |
| Dealing charge | Free |
| Fund manager's annual charge | 1.75% |
| Performance charges | No |
| Total Expense Ratio | 1.89% |
| HL annual saving | 0.25% 2 |
| Platform fee | Free |
| Launch date | 24-07-2003 |
| Launch price | £0.25 |
| Sector | Global Emerging Mkts |
| Fund size | £2,716 million |
| Number of holdings | 72 |
| Fund type | OEIC |
| Type of units | Accumulation |
Please read the Simplified Prospectus/Key Investor Information Document in addition to the information above.
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Before you invest please read the key features and Simplified Prospectus/Key Investor Information Document for more details.
HL research - our view on this fund
The Aberdeen Emerging Market Fund has been removed from the Wealth 150 list of our favourite funds for new investment.Aberdeen is no longer seeking new investments into the fund. It has seen strong inflows over the last year, helped by its excellent performance, but manager Devan Kaloo believes it has now reached its optimum size.
Aberdeen believes that if the fund grew significantly bigger, it could compromise its successful investment approach. We therefore view the restriction of inflows as a positive move for existing investors in the fund, and do not believe investors need to take any action provided the fund still meets their objectives. Those investing monthly through the HL Vantage Service will be able to continue doing so and receive a 4.25% saving on the initial charge. If the situation or our views change, we will keep investors informed.
Investors looking to invest new money in an emerging markets fund could refer to the Wealth 150 for our favourite funds in this sector.
About the Fund Manager
Devan Kaloo
Located in: TBC
Devan Kaloo is head of global emerging markets, responsible for the London based GEM team, which manages Latin America and EMEA equities, and also has oversight of GEM input from the Asia team based in Singapore, with whom he works closely. Devan joined Aberdeen in 2000 on the Asian portfolio team before becoming responsible for the Asian ex Japan region as well as regional portfolios within emerging market mandates and technology stocks. Previously, Devan worked for Martin Currie on the North American desk before transferring to the global asset allocation team and then Asian portfolios. Devan graduated with a MA (Hons) in Management and International Relations from The University of St Andrews and a postgraduate diploma in Investment Analysis from The University of Stirling.
Income details
| Historic yield | 0.50% |
|---|---|
| Income paid | Annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. Information as at 31-12-2011.
Distribution dates
| Ex-dividend date | 01 August 2012 |
|---|---|
| Payment date 4 | 31 October 2012 |
Top 10 holdings
| Samsung Electronics Co. Ltd. Pfd. Series 1 | 4.58% |
|---|---|
| China Mobile (Red Chip) | 4.51% |
| Vale S.A. ADS Cl A Pfd. | 3.80% |
| Taiwan Semiconductor Manufacturing | 3.77% |
| Banco Bradesco S.A. ADS, | 3.46% |
| Astra International | 3.29% |
| Fomento Economico Mexicano S.A.B. de C.V. ADS | 3.27% |
| Petroleo Brasileiro S/A ADS A | 3.19% |
| Ultrapar Participacoes S.A. | 2.76% |
| PetroChina Co. | 2.65% |
Top 10 sectors
| Banks | 21.57% |
|---|---|
| Oil & Gas Producers | 10.41% |
| Technology Hardware & Equipment | 8.36% |
| Mobile Telecommunications | 6.49% |
| General Retailers | 6.13% |
| Automobiles & Parts | 4.81% |
| Real Estate Investment & Services | 4.66% |
| Beverages | 4.58% |
| Mining | 3.80% |
| Construction & Materials | 3.15% |
Top 10 countries
| Brazil | 17.26% |
|---|---|
| Hong Kong | 11.42% |
| India | 11.40% |
| Mexico | 6.42% |
| South Korea | 6.03% |
| Thailand | 5.23% |
| Taiwan | 5.11% |
| Turkey | 4.82% |
| United Kingdom | 3.80% |
| South Africa | 3.79% |
Some of the data on this page and other related pages is provided to you for your information and is received from the Fund Management Company administering this fund. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.
2 Annual saving is not available in the SIPP or Junior ISA.
4 If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Prices as at 09-02-2012. Data as at 31/12/2011.
