Equity

Legg Mason Martin Currie Emerging Markets Fund

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Morningstar Rating

Legg Mason Martin Currie Emerging Markets Fund
Investment Objective

The Fund aims to deliver capital growth by investing directly or indirectly in equities of companies that are quoted in or operating in one or more countries deemed to be emerging markets. 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.

Highlights
  • A high conviction portfolio of the best emerging market companies identified by Martin Currie’s fundamental bottom up research process
  • Focuses on companies where the investment team believes long-term growth prospects are not yet reflected in their stock prices
  • Flexible portfolio construction as investments are not restricted by market cap, country or sector limits
Investment Strategy

  • 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.

Annualised Performance (%)

As of
The reported share class has insufficient data history to be able to show past performance.
1-y % 3-y % 5-y % 10-y % Inception

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.

(As of ) At NAV excluding sales charges
The reported share class has insufficient data history to be able to show past performance.

  • Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The returns shown have been calculated using the net asset value of the Fund from one period to the next and are after fees and expenses. The return of capital is not guaranteed.

Rolling 12 Month Performance

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

(As of ) At NAV
The reported share class has insufficient data history to be able to show past performance.

Cumulative Performance

As of
The reported share class has insufficient data history to be able to show past performance.
YTD % 1-m % 3-m % 1-y % 3-y % 5-y % 10-y %

  • 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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Daily Statistics data is not available for selected share class
Entry Price -
Exit Price -
Total AUM (in millions) -

Fund Facts

Share class inception date
Benchmark
APIR code
Distribution frequency
Management cost
Performance Fee
Buy/Sell spread
Suggested investment timeframe
Unit price frequency

  • Management costs and Buy/sell spread are current as at the date of publication of this website. These fees may be subject to change in the future.

Three-Year risk statistics (Annualised)

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Three Year Risk Statistics data is not available for selected share class
Standard deviation (%)
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Literature

Product Literature

Forms & Applications

Regulatory Documents

Legg Mason Martin Currie Emerging Markets Fund – Update

Alastair Reynolds, Portfolio Manager, Martin Currie, gives a Fund update and discusses the outlook.

Portfolio Characteristics

Portfolio statistics

As of
Number of Holdings
Percentage of top 10 holdings (%)

Sector Breakdown (%)

As of 30/09/2020
Information Technology 27.70
Consumer Discretionary 22.48
Financials 17.33
Communication Services 11.48
Materials 8.16
Energy 6.04
Health Care 1.92
Consumer Staples 1.84
Utilities 1.46
Cash & Cash Equivalents 1.58

Country of issue (%)

As of 30/09/2020
China 32.99
South Korea 17.45
Taiwan 12.60
India 11.57
Brazil 3.67
Hong Kong 3.63
United States 3.18
Netherlands 2.69
Peru 2.41
Russia 2.13
Indonesia 1.90
Hungary 1.68
Cyprus 0.67
Philippines 0.59
Mexico 0.57
Turkey 0.53
Cash & Cash Equivalents 1.58

  • 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.

Alastair Reynolds

Portfolio Manager

Paul Desoisa

Portfolio Manager

Andrew Mathewson

Portfolio Manager

Paul Sloane

Portfolio Manager

Colin Dishington

Portfolio Manager

Kim Catechis

Head of Investment Strategy

Divya Mathur

Portfolio Manager

David Sheasby

Head of Stewardship and ESG

Holdings

Top 10 Holdings (%)

As of 30/09/2020
Alibaba Group Holding Ltd 9.93
Taiwan Semiconductor Manufacturing Co Ltd 9.68
Tencent Holdings Ltd 8.69
Samsung Electronics Co Ltd 7.22
LG Chem Ltd 4.03
Meituan Dianping 3.63
EPAM Systems Inc 3.18
Ping An Insurance Group Co of China Ltd 2.93
Prosus NV 2.69
Reliance Industries Ltd 2.40

Detailed Holdings

Detailed Holdings data is not available for selected share class
Par/Shares Securities description Market value % of investments Country Maturity Date Asset Type S&P Credit Quality Moodys Credit Quality

  • Portfolio holdings 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. Due to rounding totaled percentages may not equal 100%.

Quantitative Rating

The Legg Mason Martin Currie Emerging Markets Fund received an overall rating of 5 stars out of 68 Equity Emerging Markets funds as of 30 September 2020. 

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.

  • The Professional Planner | Zenith Fund Awards are determined using proprietary methodologies. Fund Awards were issued October 2017, 2016 and 2015 and are solely statements of opinion and do not represent recommendations to purchase, hold or sell any securities or make any other investment decisions. Fund Awards are current for 12 months from the date awarded and are subject to change at any time. Fund Awards for previous years are referenced for historical purposes only. 

  • 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

  • © 2020 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. The Morningstar Rating is an assessment of a fund’s past performance – based on both return and risk – which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment decision.)

  • Legg Mason Asset Management Australia Ltd (ABN 76 004 835 849 AFSL 240827) is part of Franklin Resources, Inc. Any reference to Legg Mason Australia is a reference to Legg Mason Asset Management Australia Limited. Legg Mason Australia is the Responsible Entity of the Legg Mason Martin Currie Emerging Market Fund (Fund) and has appointed Martin Currie Investment Management Limited as the manager of the Fund. Before making an investment decision you should read the Product Disclosure Statement (PDS) for the Fund carefully and you need to 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 Legg Mason Australia on 1800 679 541. This product has not been prepared to take into account the investment objectives, financial objectives or particular needs of any particular person. Neither Legg Mason Australia, nor any of its 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. These opinions are subject to change without notice and do not constitute investment advice or recommendation.