Aubrey Global Emerging Markets Strategy
Aubrey Global Emerging Markets Opportunities Fund
Available as:
Total Net Assets
Overview
Growth in consumption in emerging markets is, in our view, the best long term, structural opportunity in what is an otherwise low growth world. The aspirations of the 5 billion or so potential consumers in the emerging world 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 particular sectors of an economy which are at the sweet spot of growth.
The Aubrey Global Emerging Markets Opportunities Fund focuses on these rapidly growing sectors in countries with political and economic backdrops conducive to income growth and consumer confidence. We search for companies with market dominance, preferring local leaders, with cashflow returns adequate to support growth, and with reasonable valuations.
Investment Objective
The Fund’s objective is to generate investment returns by investing in companies that are focussed on the growth in consumption and services in emerging markets. The portfolio provides exposure to this philosophy through active stock picking based on a fundamental bottom-up approach with disciplined analytics and an awareness of macro factors. The focus is on growth companies, which are domiciled, or carrying out the main part of their economic activity, in an emerging market country. The Fund is suitable for investors seeking long term capital appreciation.
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Inception Date | 2nd March 2015 |
Benchmark | MSCI TR Net Emerging Markets USD |
IA Sector | Global Emerging Markets |
Fund Name | Aubrey Global Emerging Markets Opportunities Fund |
Domicile | Luxembourg |
Fund Type | Open-ended UCITS Fund |
Legal Form | SICAV |
Management Co/ACD | Edmond de Rothschild |
Custodian | Edmond de Rothschild |
Administrator | Edmond de Rothschild |
Auditor | PWC |
Pricing Frequency | Daily |
SFDR Classification | Article 8 |
Platform Availability | Aegon, AJ Bell, Attrax, Aviva, Banco Inversis, Cofunds, Comdirect, DWP, Embark. Fidelity, FNZ, Hargreaves Lansdown, Interactive Investor, James Hay, M&G, Novia, Nucleus, Pershing Nexus, Quilter, Standard Life, Transact & 7IM |
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Source: Aubrey Capital Management & MSCI
All figures are presented net of fees in USD and calculated using the IC1 share class. MSCI Emerging Markets 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.
Key Investor Information Documents
PRIIPS KIDS
- KIDDOC-2024-04-19-EN-00-2024-04-19-LU1391035307-Aubrey_Capital_Management_Access_Fund_Aubrey_Global_Emerging_Markets_Opportunities_Fund_IC1_EUR_IC1_EUR
- KIDDOC-2024-04-19-EN-00-2024-04-19-LU1177491690-Aubrey_Capital_Management_Access_Fund_Aubrey_Global_Emerging_Markets_Opportunities_Fund_IC2__USD_IC2__USD
- KIDDOC-2024-04-19-DE-00-2024-04-19-LU1391035307-Aubrey_Capital_Management_Access_Fund_Aubrey_Global_Emerging_Markets_Opportunities_Fund_IC1_EUR_IC1_EUR
- KIDDOC-2024-04-19-DE-00-2024-04-19-LU1177490023-Aubrey_Capital_Management_Access_Fund_Aubrey_Global_Emerging_Markets_Opportunities_Fund_IC1_USD_IC1_USD
Monthly Factsheets
- Aubrey-Global-Emerging-Markets-Opportunities-Fund-Factsheet_August-2024
- Aubrey GEM Fund Factsheet - July 2024
- Aubrey-GEM-Strategy-Factsheet-July-2024-1
- Aubrey GEM SICAV Fund Factsheet - June 2024
- Aubrey-GEM-SICAV-Fund-Factsheet-May-2024-1
- Aubrey-GEM-SICAV-Fund-Factsheet-April-2024
- Aubrey GEM Fund Factsheet - March 2024
- Aubrey GEM Fund Factsheet - February 2024
- Aubrey GEM Fund Factsheet - January 2024
- Aubrey GEM Fund Factsheet - December 2023
- Aubrey GEM Fund Factsheet - November 2023
- Aubrey GEM Fund Factsheet - October 2023
- Aubrey GEM Fund Factsheet - September 2023
- Aubrey GEM Fund Factsheet - August 2023
- Aubrey GEM Fund Factsheet - July 2023
- Aubrey GEM Fund Factsheet - June 2023
- Aubrey GEM Fund Factsheet - May 2023
- Aubrey GEM Fund Factsheet - April 2023
Sustainability-Related Disclosures
Prospectus & Articles of Association
Dealing Information - Institutional Investors
- 01 - AGEM IVF Corporate and Institutional
- 01 -AGEM - Fund introduction and sub form
- 02 - AGEM - Fund introduction form
- 02a - AGEM - Master Application Form - Fund introduction
- 03 - AGEM - Subscription form
- 04 - AGEM - Change_of_bank_details form
- 05 - AGEM - Conversion form
- 06 - AGEM - Redemption form
- 07 - AGEM - Transfer form
- 08 - AGEM - Fund Confirmation Form - Periodic Review only
- 09 - AGEM - MAF - Fund confirmation Form - Periodic Review only
Available share classes prices
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As at
Ongoing charges figure (OCF) is based upon the expenses incurred but does not include transaction costs (see KIID for details).
Investment Managers
Andrew Dalrymple
Investment Manager
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.
Rob Brewis
Investment Manager
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.
John Ewart
Investment Manager
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.