Old Mutual Global Emerging Markets Fund

23 May 2019

General Information

Status Open
Fund category: Unit Trust
Management company:
Asset Manager(s): - Feroz Basa
- Siboniso Nxumalo
Sector Global--Equity--General
Benchmark MSCI Emerging Market NR Index
Launch Date 17 August 2011
Fund Value ZAR 590,762,802.00 as at 31 Dec 2018
Risk Rating
Low Risk  High Risk
Performance Target N/A
Status is provided by the management company. This does not provide an indication of the availability of the fund within an Old Mutual product and may differ from the status of the fund within a product. The displayed risk rating may differ from the risk rating provided by the management company, where deemed appropriate.


Fund Description

OLD MUTUAL GLOBAL EMERGING MARKET FUND will be a general equity portfolio. The main objective of this portfolio will be to deliver long-term capital growth by investing in a diversified portfolio of equity securities and non-equity securities to give exposure to companies operating in emerging market countries. Any income earned will be of an incidental nature.

In order to achieve these objectives, this portfolio will invest primarily in equity securities of companies listed on emerging market exchanges. It may also invest in equity securities of companies listed in developed markets that derive more than half of their assets, revenue or profit from emerging market countries. The portfolio may invest in non-equity investments in any emerging market jurisdiction.

The portfolio may also invest in American Depository Receipts, Global Depository Receipts and other equity securities such as preference shares. The portfolio may invest in listed financial instruments and unlisted forward currency, as well as interest rate or exchange rate swap transactions. These transactions will be included for efficient portfolio management purposes only.

In addition, this portfolio may also hold participatory interests of Collective Investment Schemes in portfolios of Equity, Non-Equity and Money Market securities registered in the Republic of South Africa or of participatory interests or any other form of participation in portfolios of Collective Investment Schemes or other similar schemes operated in territories with a regulatory environment which is, to the satisfaction of the Manager and Trustee, of a sufficient standard to provide investor protection at least equivalent to that in South Africa and which is in line with this investment policy.


Prices

Latest NAV/Sell Price: ZAR 367.90 26 Mar 2019
Highest NAV/Sell Price: ZAR 448.82 13 Nov 2017

Prices are those of the class available to the public through an Old Mutual product.


Price Performance


Daily Performance Figures as at 26 March 2019


Fund:
Sector:
1 Year 3 Years 5 Years
0.23%
10.94%
1.97%
5.07%
5.14%
10.43%
Fund performance results are calculated on the NAV-to-NAV fund performance of the oldest class, net of asset management fees. Figures are calculated on a lump sum basis in the currency of the fund and are annualised. Sector performance results include reinvested income and are gross of any deductions.


Asset Management Fees

Initial Fee: 0.00%
Annual Fee: 4.73
Performance Fee: N/A
Total Expense Ratio: 3.76
Fees are those of the class available to the public through an Old Mutual product and include VAT. Fees are those levied when investing in the fund through an Old Mutual product and are separate from product administration charges and adviser fees. For feeder funds and funds of funds, the total annual asset management fee does not include the fees in respect of underlying unit trust charges. The annual underlying unit trust charges generally vary between 0.46% and 1.14% including VAT, depending on the fund(s) chosen.


Asset Split as at 31 December 2018

Holding Name Percentage
Foreign Cash
1.39%
Foreign Equities
85.46%
Local Cash
3.96%
Local Equities
9.19%



Top Holdings as at 31 December 2018

Holding Name Sector Percentage
TENCENT Cyclical Goods & Services 4.52%
COMPARTAMOS Banks 4.31%
NETEASE.COM Technology 4.30%
CASH Cash on call 3.96%
MATAHARI Retail 3.85%
HYUNDAIMOBIS Goods & Services 3.72%
NASPERS-N Software & Computer Services 3.70%
ALIBABA Consumer Services 3.29%
TAIWANSEMICON Technology 3.13%
SAVBNKOFRUSIA Banks 2.98%

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