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Stewart Investors Global Emerging Market Leaders Inclusive - Class A - Accumulation (GBP)

Sell:561.98p Buy:561.98p Change: 0.1p (0.02%)
Prices as at 15 June 2021
Sell:561.98p
Buy:561.98p
Change: 0.1p (0.02%)
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 15 June 2021
Sell:561.98p
Buy:561.98p
Change: 0.1p (0.02%)
Prices as at 15 June 2021
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 does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Stewart Investors is home to one of the most experienced and longest-standing Asian and emerging markets equities teams. We like their prudent investment approach of seeking high-quality companies with strong balance sheets and robust cash flows, run by trustworthy management teams. They only invest when they feel share prices are lower than a company's true worth and with the intention of becoming long-term shareholders.

The group have sought to restrict inflows into this fund in order to keep it a manageable size. As such it does not currently feature on the Wealth 150 list of our favourite funds across the major sectors. That said, we hold the team in high regard and would expect them to deliver long-term value for investors, although there are no guarantees.

Our view on the sector

Our view on the sector for this fund is not available.

Performance Analysis

The team typically seek quality companies with more defensive characteristics, which they believe will prove resilient throughout a variety of market conditions. This means we would expect the fund to hold up better during times of market weakness, although performance may look pedestrian when markets rise rapidly.

The chart initially shows Tom Prew's record co-managing the Stewart Investors Emerging Markets Fund. It subsequently shows performance of the Stewart Investors Emerging Markets Leaders Fund under the stewardship of Tom Prew and Ashish Swarup. The managers run the fund using the same investment philosophy and process that has been employed since its launch in 2003.

Investment Philosophy

The team adopt a conservative, long-term investment philosophy with a focus on well-managed, high-quality businesses that could offer some protection in tough market conditions. They focus on companies that are positioned to benefit from, and contribute to, the sustainable development of the countries in which they operate, with a focus on environmental, social and corporate governance matters.

Process and Portfolio Construction

The fund has the support of a well-resourced team at Stewart Investors. They seek companies with the highest level of management integrity, low debt, and strong, sustainable cash flows. Valuation is also an important consideration for the team.

The fund is concentrated at 40-60 investments and is invested almost entirely in larger companies. At present the fund is heavily biased towards more defensive areas of the market and domestically-focused stocks to take advantage of the rising wealth and prominence of the domestic consumer. Exposure to highly economically-sensitive areas such as commodities and energy has tended to be limited.

question mark Manager Track Record Based on HL Quantitative Research

This information is currently unavailable.

Fund Track Record

14/06/16 to 14/06/17 14/06/17 to 14/06/18 14/06/18 to 14/06/19 14/06/19 to 14/06/20 14/06/20 to 14/06/21
Annual return 27.14% 3.43% -3.73% -17.59% 20.12%

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

First State Investments originates from Australia and is part of the Commonwealth Bank of Australia. First State offers a range of funds across areas including Asia, emerging markets, global resources, global equities, property securities and infrastructure. As fund managers their expertise has been noted in specialist areas like Asia and emerging markets where First State has recruited some of the industry's most talented investment professionals.

Information about the fund

Fund manager biography

manager photo
Manager Name: Tom Prew
Manager start date: 1 January 2017
Manager located in: Edinburgh

Tom Prew is a Portfolio Manager with the St Andrews Partners team at Stewart Investors and sits on the Stewart Investors Board. He joined the team as a graduate in 2006. Tom is lead manager of the Global Emerging Market, Frontier and Latin American strategies. Tom has a Bachelor of Arts (Hons) in Jurisprudence from Lincoln College, Oxford.

Manager Name: Chris Grey
Manager start date: 25 September 2019
Manager located in: Edinburgh

Chris is an Analyst with the St Andrews Partners team at Stewart Investors. He joined the team in September 2015. Chris graduated with a law degree from the University of Aberdeen in 2011 and worked at Deloitte for three years, where he qualified as a Chartered Accountant.

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