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Key Facts
ISIN IE00BK5X4451
NAV: 23.57 EUR
NAV DATE: 29-Apr-2025
YTD PERF: -4.4%
YTD PERF. DATE: 31-Mar-2025
Total Net Assets (all classes, m) 383.6 EUR
Number of holdings 44
Weight of top 10 stocks 44.1%
Share Class Currency EUR
SFDR Article 8
Key Documents View all documents
RISK INDICATOR
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This indicator represents the Fund’s risk level set out in the Key Information Document. It is not guaranteed and may change during the month.
Investment Policy
A Sub-Fund of Comgest Growth plc.
The objective of the Sub-Fund ("the Fund") is to increase the value of the Fund (capital appreciation) over the long term. The Fund intends to achieve this objective through investment in a portfolio of high-quality, long-term growth companies. The Fund will invest at least two-thirds of its assets in securities issued by companies quoted or traded on regulated markets and that have their headquarters in, or principally carry out their activities in Emerging Markets or in securities issued by governments of Emerging Market countries. Emerging Markets are predominantly located in Africa, Asia, Latin America, Eastern and Southern Europe.
The Fund is actively managed. The index is provided for comparative purposes only.
The Fund is aimed at investors with a long-term investment horizon (typically 5 years or more).
Main Risks
This fund has the following core inherent risks (non-exhaustive list):
• Investing involves risk including possible loss of principal,
• The value of all investments and the income derived therefrom can decrease as well as increase,
• There is no assurance that the investment objective of the fund will be achieved,
• When a Share Class is denominated in a currency that is different from yours, changes in exchange rates can negatively impact both the value of your investment and the level of income received.
• Where the income of the share class is not sufficient to pay the fixed dividend, the capital of the share class will be used to pay the balance outstanding. This may lead to capital erosion and a reduction in future returns.
A more detailed description of the risk factors that apply to the fund is set out in the Prospectus.
PERFORMANCE & HOLDINGS As of 31-Mar-2025
CUMULATIVE PAST PERFORMANCE
Cumulative returns shown are monthly returns calculated on the last business day of each month.
Index: MSCI Emerging Markets - Net Return. The index is used for comparative purposes only and the fund does not seek to replicate the index.
Please note that performance is rebased to 100.
For additional information on the index and the fund’s inception date, please refer to the monthly report.
Calendar Past Performance
This chart shows the fund’s performance as the percentage loss or gain per year over the last 10 years compared to the index.
Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past and compare it to the index. For the avoidance of doubt, the fund is actively managed. The index performance is provided for comparative and information purposes only.
Performance is shown after the deduction of ongoing charges. Any applicable entry and exit charges are excluded from the calculation. This share class came into existence in 2019. Past performance has been calculated in EUR. As this is a new share class, there is not enough historical data to provide investors with any useful indication of past performance.
Rolling Net (%)
| Annualised | |||||||
|---|---|---|---|---|---|---|---|
| QTD | YTD | 1Y | 3Y | 5Y | 10Y | Inception | |
| Fund | -4.4 | -4.4 | -1.6 | -1.9 | 0.6 | - | -4.3 |
| Index | -1.3 | -1.3 | 8.1 | 2.4 | 8.3 | - | 2.8 |
Rolling Volatility (%)
| Annualised | ||||
|---|---|---|---|---|
| 1Y | 3Y | 5Y | 10Y | |
| Fund | 14.0 | 13.9 | 14.7 | - |
| Index | 14.4 | 13.8 | 14.6 | - |
Calendar Year Past Performance (%)
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | 6.6 | -14.3 | -16.3 | 4.2 | 5.0 |
| Index | - | - | - | - | - | 8.5 | 4.9 | -14.9 | 6.1 | 14.7 |
Annual Performance (%) As At Quarter End
| Q1 2020 -Q1 2021 |
Q1 2021 -Q1 2022 |
Q1 2022 -Q1 2023 |
Q1 2023 -Q1 2024 |
Q1 2024 -Q1 2025 |
|
|---|---|---|---|---|---|
| Fund | 39.2 | -21.6 | -5.6 | 1.8 | -1.6 |
| Index | 47.9 | -6.4 | -8.5 | 8.8 | 8.1 |
Index: MSCI Emerging Markets - Net Return. The index is used for comparative purposes only and the fund does not seek to replicate the index.
For additional information on the index and the fund’s inception date, please refer to the monthly report.
Past performance is not a reliable guide to future performance.
Performance figures are calculated net of investment management fees, administrative fees and all other fees with the exception of sales charges. If taken into account, sales charges would have a negative impact on performance.
Performance figures for distributing (DIS) classes are based on the assumption that dividends are reinvested on date of payment.
TOP 5 HOLDINGS
| Company Name | Weight (%) |
|---|---|
| Taiwan Semiconductor Manufacturing | 8.8 |
| Tencent Holdings | 6.9 |
| Mercadolibre | 4.8 |
| Comgest Growth China EUR SI Acc | 3.7 |
| Discovery | 3.7 |
The above equity exposures are provided for information only, are subject to change and are not a recommendation to buy or sell the Securities.
Past performance is not a reliable guide to future performance.
Breakdowns based on GICS sector and MSCI country classifications.
Past performance is not a reliable guide to future performance.
1Y
5Y
| Jun-2024 | Aug-2024 | Sep-2024 | Oct-2024 | Nov-2024 | Jan-2025 | Feb-2025 | Mar-2025 | |
|---|---|---|---|---|---|---|---|---|
| Favourable performance scenario | 39.2% | 39.2% | 39.2% | 39.2% | 39.2% | 39.2% | 39.2% | 39.2% |
| Moderate performance scenario | 0.3% | 0.3% | 0.9% | 1.0% | 1.8% | 1.8% | 2.6% | 2.6% |
| Unfavourable performane scenario | -27.3% | -27.3% | -27.3% | -27.3% | -27.3% | -27.3% | -27.3% | -27.3% |
| Stressed performance scenario | -73.2% | -73.2% | -73.2% | -73.2% | -73.2% | -73.2% | -62.0% | -50.6% |
| Jun-2024 | Aug-2024 | Sep-2024 | Oct-2024 | Nov-2024 | Jan-2025 | Feb-2025 | Mar-2025 | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Favourable performance scenario | 9.6% | 9.6% | 9.6% | 9.6% | 9.6% | 9.6% | 9.6% | 9.6% | ||||||||||||||||
| This type of scenario occurred for an investment between the following years |
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| Moderate performance scenario | -1.1% | -1.2% | -1.4% | -2.0% | -2.1% | -2.1% | -2.1% | -2.1% | ||||||||||||||||
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| Unfavourable performane scenario | -6.3% | -6.3% | -6.3% | -6.3% | -6.3% | -6.3% | -6.3% | -6.3% | ||||||||||||||||
| This type of scenario occurred for an investment between the following years |
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| Stressed performance scenario | -23.6% | -23.6% | -23.6% | -23.6% | -23.6% | -17.6% | -17.1% | -16.5% |
What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product and/or, in case of insufficient track record, a comparable share class or benchmark, over the last 10 years. The scenarios shown are illustrations based on results from the past and on certain assumptions.
The scenarios presented are an estimate of future performance based on evidence from the past on how the value of this investment varies, and are not an exact indicator. What you will get will vary depending on how the market performs and how long you keep the product. The figures do not take into account your personal tax situation, which may also affect how much you get back.
The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.
The stress scenario shows what you might get back in extreme market circumstances.
INVESTMENT TEAM
VIEW FULL TEAM
Slabbert van Zyl joined Comgest in 2014 and is an Analyst and Portfolio Manager specialising in Global Emerging Markets equities.
He co-leads the GEM, GEM ex-China and GEM Plus strategies. Slabbert contributes to the investment team's research coverage by selecting diverse quality growth GEM companies. Prior to joining Comgest, Slabbert qualified as a chartered accountant with PricewaterhouseCoopers and gained six years’ experience as a South African Investment Analyst in Cape Town.
Slabbert graduated from the University of Pretoria with a Bachelor’s degree in Accounting before gaining a post-graduate qualification in the same field from the University of Johannesburg. He is a CFA® charterholder.
David Raper joined Comgest in 2002 and is an Analyst and Portfolio Manager specialising in Asia Pacific ex Japan equities as well as a member of the Comgest Group's Executive and Investment Committees.
David leads the firm’s Asian research efforts and co-leads Comgest’s Asia Pacific ex Japan and Asia ex Japan strategies. He is a key contributor to the Emerging Markets strategy. Prior to joining Comgest, he worked in Hong Kong for ING Barings covering Asian equities from 1999-2001.
David is a CFA® charterholder and graduated from the University of Canterbury (New Zealand) with a Bachelor's degree in Economics and a second major in Marketing.
Investment Team listed above may include advisors from affiliates within the Comgest Group.
Details
| Investment Manager | COMGEST ASSET MANAGEMENT INTERNATIONAL LIMITED |
|---|---|
| Sub Investment Manager | Comgest S.A. |
| Management company | None / Comgest Growth plc is self-managed |
| Fund Name | COMGEST GROWTH EMERGING MARKETS |
| Share Class | COMGEST GROWTH EMERGING MARKETS EUR I FIXED DIS |
| ISIN Code | IE00BK5X4451 |
| Bloomberg Code | COGEMCG ID |
| WKN Code | A2PXNS |
| Share Class Currency | EUR |
| Fund Base Currency | USD |
| Share Class Distribution Policy | Fixed Distribution |
|---|---|
| Hedged | No |
| UCITS | Yes |
| Share Class Inception Date | 23-Dec-2019 |
| Fund Domicile | IRELAND |
| Investment Management Fee | 1.00% |
| Ongoing charges | 1.14% |
| Maximum entry fee | 0.00% |
