IE000AQHA357
Stewart Investors Global Emerging Markets All Cap Fund

  • Equities
  • Emerging markets
  • USD Cash
  • Accumulating
Invest with
USD Cash
Payout type
Accumulating
Risk rating
6
About this fund
Description
The sustainable objective of the Fund is to invest in companies which both contribute to, and benefit from, sustainable development, achieving positive social and environmental outcomes.
Key information
Annual report
Product Highlight Sheet
Prospectus
Information Memorandum
Factsheet
Our perspective
Why we think this fund is best-in-class
product
Product
Global emerging markets equity fund, established in 2009, showcasing attractive, stable returns with solid downside protection.The portfolio is differentiated from peers, with off-benchmark companies, chosen with high conviction for their quality and potential to deliver long-term returns with minimal downside risk.
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people
People
Stewart Investors is a quality-focused, bottom-up manager skilled in identifying companies that are positioned to deliver long-term returns.The firm emphasises a philosophy of fostering long-term relationships with high-quality companies committed to acting in their stakeholders' best interest, thereby aiming to generate superior financial returns for investor capital.It boasts a long-standing track record, having launched their first strategy in 1988 and operates as an independent group within First Sentier Investors.
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performance
Performance
Since its inception in 2009, the Fund has demonstrated attractive historical performance.The Fund has outperformed the MSCI EM Index in a number of years; the outperformance was driven by the team’s stock selection skills and strong downside control.Even in years when the Fund didn't outperform the index, it typically still delivered favourable positive returns. The fund may lag the index and peers in market conditions where returns are driven more by investor sentiment than by sound fundamentals.
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process
Process
Emphasises the belief that company managers inherently understand their businesses better than investors, and therefore the team dedicates much effort to ensure these company leaders possess the integrity, competence, and humility required for shareholder success.Maintains a portfolio of high-conviction companies, offering the flexibility to invest across global emerging markets (EMs), including frontier markets.For investors keen to learn about the Fund's ESG philosophy, a comprehensive investment thesis is available on the fund’s website for each of the fund holdings: https://www.stewartinvestors.com/sg/en/institutional/our-strategies/global-emerging-markets-strategies/global-emerging-markets-sustainability.html#pe
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cost
Cost
Access to the retail share class with 100% trailer fee rebated back to Endowus investors to achieve a lower cost of access.
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selectionCriteria
How it fits in a portfolio
Investors seeking an emerging market (EM) equities allocation that offers high stability and downside protection, alongside a strong ESG integration process, may find this fund appealing.Due to the riskier nature of EM, investors should be mindful that the Fund can experience periods of heightened volatility compared to investing in developed markets, although the Fund has historically displayed lower volatility compared to peers within the EM space. Regardless, investors are encouraged to use this fund in tandem with a globally diversified portfolio.Updated as of 2024/05/31
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Invest in this fund
Performance
Shows the total return of this accumulating fund, which includes dividends reinvested.
Total returns
All Time
6.78%
YTD
0.05%
1 month
-0.10%
6 month
4.83%
1 year
-3.88%
As of Aug 2025
Distributions
This is an accumulating fund, so dividends are re-invested at the fund level.
Risk metrics
Max drawdown
-12.45%As of Aug 2025
Volatility
10.87%As of Aug 2025
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2025--0.3%-4.3%-0.3%3.6%1.3%2.7%-2.3%-0.1%----
2024-2.9%-4.5%3.1%-1.4%-0.0%1.3%2.2%-0.4%0.8%4.4%-3.9%-1.9%-2.3%
2023--0.0%0.5%-0.3%1.6%2.8%0.4%-2.8%-2.3%-4.5%9.2%5.8%
Top Exposures
Mahindra & Mahindra Ltd6.72%
HDFC Bank Ltd6.22%
Taiwan Semiconductor Manufacturing Co Ltd5.89%
Samsung Electronics Co Ltd5.15%
Tube Investments of India Ltd Ordinary Shares3.64%
Weg SA3.64%
Qualitas Controladora SAB de CV3.26%
Airtac International Group3.11%
AAVAS Financiers Ltd2.35%
Hoya Corp2.28%
Alibaba Group Holding Ltd Ordinary Shares2.28%
Techtronic Industries Co Ltd2.21%
Wal - Mart de Mexico SAB de CV2.19%
Milkyway Intelligent Supply Chain Service Group Co Ltd Class A2.13%
Raia Drogasil SA2.10%
Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.
Fund fees
1.75%1.00% p.a.
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Fund facts
ISIN
IE000AQHA357
Fund house
Stewart Investors
Fund size
US$424.7M
As of 12 Sep 2025
Fund inception date
24 Feb 2023
Fund class currency
USD
Fund share class
I USD Acc
Oldest share inception date
18 Feb 2019
Pricing frequency
Daily

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