Fact sheet: Invesco Perpetual Global Emerging Markets

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
EMERGING MARKETS
Sector
UT Global Emerging Markets
Fund type
OEIC
Primary aim
GROWTH
Why Money Observer Rates Invesco Perpetual Global Emerging Markets

Rated Fund 2015-2017. The manager has an optimistic view of the future

This fund has been managed since 2007 by Dean Newman, Invesco Perpetual's head of emerging market equities. The key focus of Newman's investment strategy is finding the right companies. He aims to invest in those he believes are well run and have market positions that should allow them to deliver a high return on invested capital.

His investment approach also places a strong emphasis on valuations, which he regards as a key determinant of future returns. He will not buy a stock if it is overvalued, even if the company's fundamentals are strong.

Emerging markets can be volatile, but as a long-term investor, Newman likes to take advantage of temporary bouts of equity weakness, as they provide him with more attractive buying opportunities.

After several lean years for emerging markets, performance improved in 2016, and Newman is optimistic about the outlook. He believes emerging market fundamentals are improving. He points out that companies are seeing a pick-up in profit margins and sales, boosting their earnings.

He sees an expanding US economy as a welcome development, as this could help underpin commodity prices - good news for several Latin American and EMEA (Europe, Middle East and Africa) countries - while providing additional stimulus to Asian exporters looking to boost stagnant order books.

He has recently found the EMEA region particularly interesting, because he feels it offers a wide range of companies with strong management teams operating in growth areas.

3 Year Performance
Fund Performance49.7%
Average of Rated Funds Group45.4%
Sector Performance42.8%
Fund information
Fund name
Invesco Perpetual Global Emerging Markets Z Acc
Fund manager company
Invesco Perpetual Fund Mgrs
Fund type
OEIC
Fund managers
  • Dean Newmansince 31/03/2007
Accolades
Fund objective
The objective of the fund is to achieve capital growth. The fund invests primarily in shares of emerging market companies. The fund may use derivatives (complex instruments) to manage the fund more efficiently, with the aim of reducing risk, minimising costs and/or generating additional capital or income. The fund is actively managed within its objectives and is not constrained by a benchmark.
Benchmark
  • IA Global Emerging Markets
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
14.2%
1 Year rank in sector
30/57
Sector
UT Global Emerging Markets
Yield
1.2%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1%
Fund size
£397m (£350m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
134
Mid price
365.45
Top in this sector
Fund name1 Year
Baillie Gifford Emg Mkts Gth29.2%
Baillie Gifford EmgMkts LngCs28.6%
Legg Mason IFMCEM25.4%
UBS Global Emg Mkts Equity23.4%
Fidelity Emerging Markets22.9%
...more in UT Global Emerging Markets

Performance snapshot

Holdings snapshot

  • Korea15.2%
    China14.6%
    Taiwan11.2%
    Brazil9.9%
    South Africa9%
  • Information Technology27.6%
    Financials24.4%
    Consumer Discretionary15.3%
    Materials7.6%
    Consumer Staples6.8%
  • South Korean Equities15.2%
    Chinese Equities14.6%
    Taiwanese Equities11.2%
    Brazilian Equities9.9%
    South African Equities9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.2%1.7%4.6%14.2%49.7%60.3%
Sector-2.2%1.9%4.9%15.3%42.8%39.6%
Rank within sector52 / 6135 / 5935 / 5930 / 5719 / 525 / 45
Quartile4th3rd3rd3rd2nd1st
Calendar performance
 YTD - 20182017201620152014
Fund-1.6%25.2%32.9%-4.9%6.6%
Sector-0.2%24.7%32.6%-10.6%3%
Rank within sector50 / 6027 / 5735 / 558 / 5211 / 47
Quartile4th2nd3rd1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
2.89
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.95
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.81
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
14.44
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
2.77
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.81
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.96
Price movement
52 week high386.36
52 week low312.96
Current bid price-
Current offer price-
Current mid price365.45
Region
1Korea15.2%
2China14.57%
3Taiwan11.22%
4Brazil9.89%
5South Africa8.96%
6India7.66%
7Russia6.66%
8Hong Kong4.93%
9Mexico2.59%
Industry sector
1Information Technology27.58%
2Financials24.43%
3Consumer Discretionary15.31%
4Materials7.64%
5Consumer Staples6.75%
6Industrials6.52%
7Energy5.43%
8Real Estate1.83%
9Telecommunications Utilities1.6%
Asset type
1South Korean Equities15.2%
2Chinese Equities14.57%
3Taiwanese Equities11.22%
4Brazilian Equities9.89%
5South African Equities8.96%
6Indian Equities7.66%
7Russian Equities6.66%
8Hong Kong Equities4.93%
9Mexican Equities2.59%
Individual holdings
1NASPERS6.21%
2SAMSUNG ELECTRONICS CO5.9%
3ALIBABA GROUP HLDG LTD5.09%
4TAIWAN SEMICONDUCTOR MANUFACTURING4.46%
5SBERBANK OF RUSSIA2.87%
6KB FINANCIAL GROUP INC2.33%
7HOUSING DEVELOPMENT FINANCE CORP2.16%
8HOUSING DEVELOPMENT FINANCE CORP2.16%
9NETEASE INC2.13%
Management
Fund manager group
Invesco Perpetual
Fund manager company
Invesco Perpetual Fund Mgrs
Fund type
OEIC
Fund objective
The objective of the fund is to achieve capital growth. The fund invests primarily in shares of emerging market companies. The fund may use derivatives (complex instruments) to manage the fund more efficiently, with the aim of reducing risk, minimising costs and/or generating additional capital or income. The fund is actively managed within its objectives and is not constrained by a benchmark.
Benchmark
  • IA Global Emerging Markets
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Dean Newman31/03/2007Based in Henley-on-Thames, Dean is Head of Emerging Markets Equities at Invesco Perpetual, with responsibility for the management of global emerging markets and Latin American equity portfolios. Dean began his investment career in 1985 joining Legal & General where he covered UK equity markets, moving to Japanese bank Sanwa in 1991 where he was Head of UK Equities. He became Head of Emerging Markets Equities at Invesco Perpetual in April 2007, having joined the company in 1993 and the Emerging Markets Equities team in 1994. Dean has been a driving force behind the team’s investment strategy with his many years experience of investing across all emerging markets regions. Dean graduated from Durham University with a BA honours degree in Economics and Politics.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Invesco Perpetual Global Emerging Markets Acc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.75%
Total expense ratio (TER)1.72%
Bid price-
Offer price-
Mid price379.24
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSM15
Invesco Perpetual Global Emerging Markets Inc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.75%
Total expense ratio (TER)1.72%
Bid price-
Offer price-
Mid price337.94
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeSM14
Invesco Perpetual Global Emerging Markets No Trail Acc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.25%
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price251.39
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFCV2
Invesco Perpetual Global Emerging Markets No Trail Inc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.25%
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price228.82
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFCV3
Invesco Perpetual Global Emerging Markets Y Acc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.95%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price334.68
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK61O
Invesco Perpetual Global Emerging Markets Y Inc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.95%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price316.56
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeK61P
Invesco Perpetual Global Emerging Markets Z Acc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price365.45
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGUXP
Invesco Perpetual Global Emerging Markets Z Inc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1%
Total expense ratio (TER)0.97%
Bid price-
Offer price-
Mid price341.68
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGUXQ
Data provided by

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