Legg Mason Global Asset Management Legg Mason

Equity

BetaShares Legg Mason Emerging Markets Fund (managed fund) (ASX: EMMG)

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BetaShares Legg Mason Emerging Markets Fund (managed fund) (ASX: EMMG)
Investment Objective

The Fund aims to generate after-fee returns in excess of the MSCI Emerging Markets Index expressed in Australian dollars over rolling five-year periods. The Fund invests in a portfolio of emerging market shares that is actively managed by Legg Mason’s wholly-owned equity specialist, Martin Currie. 

Highlights
  • Access the world’s fastest-growing economies - Emerging markets lead the world in growth due to strong secular trends like improving demographics, a rising middle class, urbanisation, digitisation and social reform.
  • High conviction, actively managed portfolio - The quality of emerging markets companies varies enormously. The investment manager believes a significant information advantage can be obtained through the Fund’s truly active stock selection process.
  • Embedded Environmental, Social and Governance (ESG) analysis in investment process – ESG can have a material impact on a company’s value and is an important consideration in these fast-moving markets, as well as a potential source of outperformance.
  • Local (not multinational) company focus - Increasing corporate diversity and significant barriers to entry mean local emerging markets companies offer better potential for diversification both regionally and at the corporate level.
  • Global technology exposure - Emerging markets are at the forefront of the global tech revolution and are home to leading companies such as Samsung, Tencent and Alibaba. (No assurance is given these companies will be held in the portfolio or will be profitable investments.)
Investment Strategy

Alastair Reynolds, Portfolio Manager, Global Emerging Markets, Martin Currie, discusses the strategy behind the Fund.

 

  • Risks   

    It is important to understand that the value of the investments may go up and down, investment returns are not guaranteed and investors may lose some of their money. The appropriate level of risk for each person depends on a range of factors, including age, investment time frame and the investor’s risk tolerance.

    For more detailed information relating to the risks of the Fund, please refer to the relevant Product Disclosure Statement.

Performance

Calendar Performance

As of 
Calendar performance data is not available for selected share class
The reported share class has insufficient data history to be able to show past performance.

  • Past Performance is not a reliable indicator of future performance. Please note all performance figures are quoted net of fees.

Daily Statistics

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Fund Facts

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Literature

Product Literature

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Regulatory Documents

Featured Documents

Portfolio Characteristics

Sector Allocation (%)

As of 30/04/2020
Information Technology 29.41
Financials 20.41
Consumer Discretionary 19.76
Communication Services 10.80
Materials 6.85
Energy 4.71
Health Care 2.42
Utilities 2.31
Consumer Staples 2.12
Cash & Cash Equivalents 1.20

Country Allocation (%)

As of 30/04/2020
China 33.67
South Korea 16.52
Taiwan 12.95
India 9.72
Brazil 3.97
Hong Kong 3.54
Netherlands 2.83
Peru 2.78
Russia 2.67
United States 2.66
Indonesia 2.46
Hungary 2.02
Malaysia 0.74
Cash & Cash Equivalents 1.20

  • Portfolio holdings and allocation breakdowns are subject to change at any time without notice. The information provided is provided for information purposes only and should not be considered a recommendation to purchase or sell any particular security in the industries shown. Due to rounding totaled percentages may not equal 100%.

    A negative cash position may be apparent, which is primarily due to the Fund's unsettled trade activity. This is a more concise approach to defining the cash position and it best represents sector exposures in the Fund.

Martin Currie builds global, stock-driven portfolios based on fundamental research, devoting all of its resources to delivering optimum investment outcomes and superior client relationships.

Qualitative Ratings

  • You should refer to respective research houses (and their disclaimers on this page) to obtain further information about the meaning of the rating and the rating scale. Ratings are only one factor to be taken into account when deciding whether to invest. Ratings are subject to change without notice and may not be regularly updated.  Ratings are current as at date(s) stated. 

  • Martin Currie

    Martin Currie, our global equity specialist manager, has a presence in Australia since 1954. Today Martin Currie is a leading provider of active equity solutions, managing a growing suite of equity, multi-sector and tailored strategies.

  • About Legg Mason

    Guided by a mission of Investing to Improve LivesTM, Legg Mason helps investors globally achieve better financial outcomes by expanding choice across investment strategies, vehicles and investor access through independent investment managers with diverse expertise in equity, fixed income, alternative and liquidity investments. Legg Mason has won the Fund Manager of the Year three times over the last four years in 2015, 2017 and 2018.

  • The Lonsec Ratings presented are published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421445. The Ratings are limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial products. Past performance information is for illustrative purposes only and is not indicative of future performance. They are not a recommendation to purchase, sell or hold Legg Mason Asset Management Australia Limited products, and you should seek independent financial advice before investing in these products. The Ratings are subject to change without notice and Lonsec assumes no obligation to update the relevant documents following publication. Lonsec receives a fee from the Fund Manager for researching the products using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at: http://www.beyond.lonsec.com.au/intelligence/lonsec-ratings

  • BetaShares Capital Ltd has appointed Legg Mason Asset Management Australia Limited (“Legg Mason Australia” or “Investment Manager”) as the investment manager for the Fund. To assist in the investment management of the Fund, Legg Mason Australia has appointed Martin Currie Investment Management Limited (“Martin Currie”), an affiliate of Legg Mason Australia, as the sub-investment manager. Martin Currie will provide the investment management services for the Fund itself and through its group companies. Martin Currie is an active specialist equity investment manager headquartered in Edinburgh, Scotland. Before making an investment decision you should read the Product Disclosure Statement (PDS) for the Fund carefully and consider, with or without the assistance of a financial advisor, whether such an investment is appropriate in light of your particular investment needs, objectives and financial circumstances. The PDS is available and can be obtained by contacting BetaShares on 1300 487 577 or Legg Mason Australia on 1800 679 541 or at www.betashares.com.au or www.leggmason.com.au. This information does not take into account the investment objectives, financial objectives or particular needs of any particular person. Neither BetaShares, Legg Mason Australia, nor any of their related parties guarantees any performance or the return of capital invested. Past performance is not necessarily indicative of future performance. Investments are subject to risks, including, but not limited to, possible delays in payments and loss of income or capital invested.