Aubrey Global Emerging Markets Strategy

SVS Aubrey China Fund

Total Net Assets
 
 

Overview

Growth in consumption in China is, in our view, one of the best long term, structural opportunities in what is an otherwise low growth world. The aspirations of the 1.4 billion Chinese consumers are much the same as those in the developing world: better food, housing, transport, healthcare, education, and entertainment. Aubrey’s wealth progression philosophy attempts to identify those sectors of an economy which are at the sweet spot of growth.

The Aubrey China Fund focuses on the best companies in these rapidly growing sectors. We search for companies with market dominance, or first mover status, with cashflow returns adequate to support growth, and with reasonable valuations.

Investment Objective & Policy

The Fund aims to achieve capital growth over the long term (5 years plus) and will invest at least 80% in shares of Chinese companies. These are companies which are quoted and listed on Chinese Stock Exchanges, including in A-Shares and B-Shares of such companies or which have their headquarters or a significant part of their activities in China but which are quoted on a regulated market elsewhere, as well as others which are, in the Investment Manager’s opinion, Chinese businesses. The Fund may be invested in any industry sector with the Investment Manager’s focus on growth companies expected to deliver increasing revenue and profit from the expansion of their business over the medium to long term.

Inception Date 1st July 2021
Benchmark MSCI China All Share Index
IA Sector China/Greater China
Fund Name SVS Aubrey China Fund
Domicile United Kingdom
Fund Type UK UCITS Fund
Legal Form OEIC
Management Co/ACD Evelyn Partners Fund Solutions Limited
Custodian CACEIS
Administrator Evelyn Partners Fund Solutions Limited
Auditor Johnston Carmichael
Pricing Frequency Daily
Platform Availability M&G
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Source: Aubrey Capital Management & MSCI

All figures are presented net of fees in GBP and calculated using the A Accumulation share class. MSCI China All Share Index is used for comparative purposes only. Investment returns may increase or decrease as a result of currency fluctuations. Past performance is no guarantee of future results.

Top 10 Positions
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Fund Sector Breakdown
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Geographic Allocation
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As at  

 

The securities identified and described do not represent all of the securities purchased, sold or recommended for client accounts. The reader should not assume that an investment in the securities identified was or will be profitable.

Available share classes prices

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As at  

Prices in pence/cents

Ongoing charges figure (OCF) is based upon the expenses incurred but does not include transaction costs (see KIID for details).

Investment Managers

Years at Aubrey

17

Industry experience

40

Andrew is Founder, Director and CIO at Aubrey, as well as being lead Investment Manager of the Global Emerging Markets and Global Equity strategies.

A graduate of Cambridge University, he began his career at Cazenove & Co then joined James Capel in 1987 and was transferred to James Capel (Far East) in Hong Kong in 1991. He continued in his role as an Asian specialist working with UBS Warburg from 1992-1998 in Hong Kong.

Andrew joined Stewart Ivory in 1998 and in 1999 he established the Global Opportunities Fund, the First State Global Opportunities Fund, which remained his signature fund throughout his tenure at First State Investments. Since inception (August 1999) through June 2006 the fund rose 112.2% compared to a rise of 3.8% in the MSCI World Index. The Fund was top quartile over 1,2,3,4,5 years and since inception.

Years at Aubrey

9

Industry experience

36

Rob is a Director of Aubrey, and Investment Manager of the Global Emerging Markets Strategy. He joined the firm in 2014.

An engineering graduate from Cambridge University, Rob began his career in 1988 at Thornton Management in London. Then he spent ten years in Hong Kong as an Asian fund manager with Credit Lyonnais International Asset Management. This company was later bought by Nicholas Applegate and then Colonial First State, where Rob ran the North Asian investment team as well as managing the Asian Special Situations Fund and a number of single country funds investing in India, Pakistan, Indonesia and Thailand.

He then went on to co-found emerging markets investment boutique BDT Invest LLP in London in 2000. Whilst at BDT, Rob co-managed a number of emerging market portfolios as well as the BDT Asian and Oriental Focus Funds.

Years at Aubrey

12

Industry experience

36

John is a Director of Aubrey, and Investment Manager of the Global Emerging Markets Strategy. He joined the firm in 2012.

John is a graduate of the University of Strathclyde, with a BA in Economics and, additionally, is a member of the CFA Institute.

John has over 30 years’ investment industry experience across global equity markets. He joined Glasgow-based FS Assurance in 1988, and managed equity portfolios in the UK retail and pension fund market. He then moved to First State Investments in 2000 to manage retail and segregated European client portfolios. In 2004, he moved to Alliance Trust PLC and was a member of the Global Equity Team and subsequently responsible for the Global Emerging Markets portfolio.

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