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HL Multi-Manager Asia & Emerging Markets Accumulation (GBP)

Sell:141.74p Buy:141.74p Change: 1.07p (0.76%)
Prices as at 17 August 2022
Change: 1.07p (0.76%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 17 August 2022
Change: 1.07p (0.76%)
Prices as at 17 August 2022
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund aims to provide broad and diversified exposure to Asian and emerging markets. It combines our investment teams best ideas in these sectors within a portfolio.

Asian and emerging economies have arrived as powerful contributors to global economic growth. Yet the sheer scale and variety of opportunities on offer across these diverse nations can be difficult to navigate. This is why we believe our multi-manager approach could thrive. Rather than focus on one sector or region, the HL Multi-Manager Asia and Emerging Markets Fund provides diversified exposure and leaves the day-to-day decision making to professional fund managers.

The fund aims to achieve long-term capital growth. It could provide investors with core exposure to Asian and emerging markets, or it could be used to add some spice to a diversified portfolio.

Our view on the sector

The emerging markets are a diverse range of economies stretching from Asia and Eastern Europe to South Africa and Latin America. Some are rich in commodities and natural resources, some rely on exporting goods to Western economies, and others have a vibrant consumer-driven society. They're all at different stages of economic development and while we think they've got great long-term growth prospects, they're more volatile and higher-risk than more developed ones. We think a broad global emerging markets fund could be a good starting point, then there are others that focus on a specific country or region.

Performance Analysis

This fund is a relatively new addition to the Hargreaves Lansdown Multi-Manager fund range, providing exposure to the long-term growth potential of the broader Asian (ex Japan) and emerging markets.

Since the fund's launch in April 2015, Asian and emerging markets have experienced a torrid time. Concerns over slowing growth in China along with fears of an imminent interest rate rise in the US have caused shockwaves in stock markets. Although the fund has fallen in value, it has held up well relative to the MSCI Asia Pacific and Emerging Market indices.

David Smith and Roger Clark employ a long-term approach. Although recent performance has been challenging, it has provided the opportunity to top-up favoured positions at lower prices, and this hopefully short period of volatility has not changed their positive long-term outlook.

Investment Philosophy

Fund managers investing in the emerging world with exceptional track records are few and far between - a combination of detailed quantitative and qualitative analysis has the potential to uncover the very best.

The disparity between Asian and emerging market nations is significant. No one region, type of company, or fund manager will perform well all of the time. Roger Clark and David Smith therefore scour the entire market in search of the best stock-picking talent to form a portfolio which aims to perform well in a variety of market conditions.

Process and Portfolio Construction

This fund is crafted based on rigorous mathematical and qualitative research. The investment team's overall aim is to identify truly talented stock pickers.

The team's quantitative model allows them to decipher why a fund performs the way it does and is vital to their research. They also meet numerous fund managers to assess investment strategies and techniques, and consider their wider economic viewpoint.

David Smith and Roger Clark have a preference for fund managers with long track records, robust and well-established investment processes, and the confidence to back their ideas with conviction. The fund combines exposure to 'developed Asia' - principally stocks listed in Hong Kong and Singapore - and less-developed and higher-risk emerging markets, such as Brazil and India. The fund also invests in funds focused on higher-risk small and medium-sized companies - the investment team feel managers invested in this area of the market have the greatest stock-picking edge and could help add significant value over the long term.

question mark Manager Track Record Based on HL Quantitative Research

  • HL Multi-Manager Asia & Emerging...
  • IA Global Emerging Markets

Fund Track Record

17/08/17 to 17/08/18 17/08/18 to 17/08/19 17/08/19 to 17/08/20 17/08/20 to 17/08/21 17/08/21 to 17/08/22
Annual return -1.95% 3.32% 1.32% 17.63% -8.24%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Fund Management Group Comment

Hargreaves Lansdown is one of the UK's leading independent financial services providers and asset management specialists. The business was established in 1981 by Peter Hargreaves and Stephen Lansdown and in May 2007 obtained a listing on the London Stock Exchange.

The HL Multi-Manager funds offer a broadly diversified, managed portfolio of funds through a single investment. The range includes equity and bond funds investing across the UK, Europe, Asia, and Emerging Markets and provides options for both income and growth investors. These funds are managed by our sister company Hargreaves Lansdown Fund Managers.

Information about the fund

Fund manager biography

manager photo
Manager Name: Thomas Wells
Manager start date: 4 January 2022
Manager located in: Bristol

Thomas joined Hargreaves Lansdown as a fund manager within the multi-manager team in December 2021. He co-manages the HL Multi-Manager Asia & Emerging Markets, HL Multi-Manager High Income and HL Multi-Manager Strategic Assets funds. Prior to joining Hargreaves Lansdown, Thomas was a multi-asset fund manager at Aviva Investors, where he was responsible for managing the Aviva Investors Multi Asset Fund (MAF) range, Aviva Investors Multi-Manager portfolios and the Aviva Diversified Asset Funds. Thomas holds a MSc in Economics from UCL and a BA in Economics from Durham University. He is also a CFA charterholder.

manager photo
Manager Name: Roger Clark
Manager start date: 29 April 2015
Manager located in: Bristol

Roger holds a BA (Hons) in Management and Statistics from the University of Exeter. Roger joined Hargreaves Lansdown in January 2004, became a member of the Investment team in January 2006 and became a Fund Manager in 2007. Roger has been co-manager of the HL Multi-Manager European and HL Multi-Manager Asia & Emerging Markets funds since their launches in February 2015 and April 2015 respectively. He has also been co-manager of HL Multi-Manager UK Growth since July 2019. Roger passed the Investment Management Certificate exam and is a Chartered Alternative Investment Analyst (CAIA).

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account