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COMGEST GROWTH EMERGING MARKETS PLUS USD I ACC
Investment Objective
A Sub-Fund of Comgest Growth plc.
The investment objective of the Sub-Fund ("the Fund") is to create a portfolio consisting of high quality long-term growth companies headquartered or carrying out their predominant activities in Emerging Markets. The Fund will apply additional ESG criteria when selecting companies to invest in.
The Fund is aimed at investors with a long-term investment horizon (typically 5 years or more).
| Total Net Assets (all classes, m) | - |
|---|---|
| Number of holdings | - |
| Weight of top 10 stocks | - |
PERFORMANCE & HOLDINGS
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Where past performance is not shown there is insufficient data to provide a useful indication of past performance.
* "Since Inception" refers to the last business day of the first month shown and may differ from the actual inception date of the share class.
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 below. -
Where past performance is not shown there is insufficient data to provide a useful indication of past performance.
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 below. -
The above equity exposures are provided for information only, are subject to change and are not a recommendation to buy or sell the securities.
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Breakdowns based on Comgest data, GICS sector and MSCI country classifications.
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.
Documents
View all documentsDetails
| 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 PLUS |
| Share Class | COMGEST GROWTH EMERGING MARKETS PLUS USD I ACC |
| ISIN Code | IE00BK5X3R11 |
| Bloomberg Code | COGEPLI |
| Sedol Code | BK5X3R1 |
| Share Class Currency | USD |
| Fund Base Currency | USD |
| Share Class Distribution Policy | Accumulation |
|---|---|
| Hedged | No |
| UCITS | Yes |
| Share Class Inception Date | Awaiting Seeding |
| Fund Domicile | IRELAND |
| Investment Management Fee | 1.00% |
| Ongoing charges | 1.07% |
| Maximum entry fee | 0.00% |
RISKS AND REWARDS
RISKS AND REWARD
Typically lower rewards
Higher Risk
Typically higher rewards
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This indicator represents the risk and reward profile presented in the Key Investor Information Document (KIID). See additional risk information in KIID. It is not guaranteed and may change during the month. The fund is aimed at investors with a long-term investment horizon.
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.
A more detailed description of the risk factors that apply to the fund is set out in the Prospectus.
INVESTMENT TEAM
VIEW FULL TEAM
Juliette Alves joined Comgest in 2010 and is an Analyst and Portfolio Manager specialising in Global Emerging Markets equities, notably the Latin America region.
Juliette co-leads the Latin America and GEM Promising Companies strategies as well as a number of Global Emerging Markets segregated mandates. Juliette started her career in 2005 at Credit Agricole CIB’s representative office in Mexico before joining the company’s Latin America team in New York in 2007 where she worked as a Credit Analyst. In 2009 she transferred to Crédit Agricole CIB’s Paris office.
A Portuguese and French national, Juliette graduated from the NEOMA Business School in France with a Master’s degree in Corporate Finance and is a CFA® charterholder.
Nicholas Morse joined Comgest in 2016 and is an Analyst and Portfolio Manager specialising in Global Emerging Markets equities, notably the Latin America region.
With 30 years of investment experience, principally in Global Emerging Markets, Nicholas contributes widely to the team’s research coverage for a diverse selection of quality growth stocks across multiple sectors. Nicholas began his career in London where he held investment positions at Foreign & Colonial Management and Singer & Friedlander Investment Management Ltd before joining Grupo Financiero Banamex Accival (BANACCI) where he managed the firm’s Latin American Research Division in both Mexico City and New York. In 1994 he returned to the UK, joining Martin Currie where he was Head of Latin American Equities and co- Head of Global Emerging Markets. After spending over six years managing Mercury Asset Management / Merrill Lynch’s Latin American equity investments, Nicholas spent ten years at Schroders Investment Management where he was Head of Latin America Equities.
A British national, Nicholas graduated from the University of Exeter with a Bachelor’s degree (Honours) in Economic and Social History. He was Chairman of Spitalfields Society, has lectured at Saïd Business School, Oxford University and sits on the University’s SRIRC Committee, and is a member of the Gainsborough House Finance Committee.
Yann Gérain joined Comgest in 2012 and is an ESG Analyst and Portfolio Manager responsible for ESG coverage of Emerging Markets and Japan.
Yann meets and engages with company management alongside the firm’s investment Analysts and prepares in-depth ESG reports. He also coordinates the firm’s voting policy and leads Comgest’s participation in national and international responsible investment initiatives. Prior to joining Comgest, Yann worked as an Analyst and Portfolio Manager for several asset and wealth management firms in Luxembourg, Paris and Geneva before joining Novethic, the French research centre for Socially Responsible Investment (SRI).
He graduated from the Grenoble School of Management in 2006 with a Master’s Degree in Management, majoring in Capital Markets and Banking. He also holds an MBA from ISC Paris School of Management where he specialised in Sustainable Development and Corporate Social Responsibility (CSR).
Eric Voravong joined Comgest in 2017 and is an ESG Analyst and Portfolio Manager responsible for ESG coverage of Asian markets.
He meets and engages with company management alongside the firm’s investment Analysts as well as preparing in-depth ESG reports. In 2008, prior to Comgest, Eric established an independent investment consultancy and regularly collaborated with Comgest, particularly on several key projects involving ESG integration. Eric started his career in corporate banking in 1989 at Banque Paribas where he worked for 15 years, starting as a Risk Analyst then moving on to roles including Account Manager, Credit Officer and Portfolio Manager. He worked in both Paris and Los Angeles before moving to London where he joined the Equity Research team focusing on telecom and technology companies. Eric then joined Paris-based ADI Alternative Investments as a Senior Analyst in their research team before establishing his above-mentioned consultancy firm.
He holds a Diploma from the EM Lyon Business School and is a CFA® charterholder.
Investment Team listed above may include advisors from affiliates within the Comgest group.
Related Communications
CHINA’S BURGEONING MIDDLE CLASS BOOSTS OPPORTUNITIES IN HEALTHCARE
Healthcare businesses, one of the nascent opportunities linked to the Chinese middle class, generally benefit from high barriers to entry, innovation and pricing power – all ingredients that Comgest seeks when analysing a company’s long-term growth potential. Our view is that this sector offers a lot of compelling long-term stock picking opportunities.
GREATER CHINA EQUITIES THE EARLY BIRD CATCHES THE WORM
The Shenzhen-Hong Kong Stock Connect, launched in December 2016, is the second leg of a Chinese Connect Scheme. The program began in 2014 with the Shanghai-Hong Kong Stock Connect and offers foreigners seeking to invest in mainland Chinese equities the only direct alternative to A-share quotas.
Postcard from Brazil
During the past few months, members of the Comgest Emerging Markets Team travelled to Brazil, a country which has seen significant volatility in the past 30 years in both economic and financial market terms.
IMPORTANT INFORMATION
Before making any final investment decisions, you must read the latest prospectus and the KIID available at our offices free of charge and on our website at www.comgest.com. The Comgest Growth plc prospectus is available in English, French and German. The KIIDs are available in a language approved by the EU/EEA country of distribution.
Tax applicable to an investment depends on individual circumstances. Depending on where you live, the fund may not be available to you for subscription. Consult your financial or professional adviser for more information on investing and taxation. The information provided does not constitute investment advice and it should not be relied on as such.
Comgest Growth funds are UCITS compliant sub-funds of Comgest Growth plc, an open-ended umbrella-type investment company with variable capital and segregated liability between sub-funds incorporated in Ireland and regulated by the Central Bank of Ireland and managed by Comgest Asset Management International Limited.
Comgest Growth plc may decide to terminate at any time the arrangements made for the marketing of its UCITS.
Comgest Asset Management International Limited’s complaints handling policy (which contains a summary of investor rights and information on redress mechanisms in the event of litigation) is available in English, French, German, Dutch and Italian on our website at www.comgest.com in the regulatory information section.
