Endowus has selected the Fund as it:
Fund Objective: Aims to provide capital growth and income by investing in equity and equity-related securities of companies in emerging market countries worldwide.
Suitability: Investors who are seeking long-term capital growth, seek regular income through periodic distributions, and understand the risks of investing in emerging markets equities.
The Fund is on the CPF Investment Scheme - List A Fund, and is included under the CPF Investment Scheme for Ordinary Account. It has been classified by the CPF Board under the risk classification of “Higher Risk – Narrowly Focused (Regional, Emerging Market).”
Fund Inception: 7 October 2010
Share Class Inception: 7 October 2010
Benchmark: MSCI Emerging Markets Index
Fund AUM: SGD 122m
Source: MorningStar as of 2 August 2021. Please refer to the FMC page for the most updated AUM.
Source: MorningStar as of 30 June 2021. Allocation data indicate actual exposure as a percentage of the Fund's total Net Asset Value. Please refer to the Fund Manager Page for the most updated information on Fund Holdings and Breakdown.
The Schroder Global Emerging Markets Opportunities Fund is managed by an experienced pair of portfolio managers who have led the strategy since its inception in 2007. The portfolio managers are part of a large emerging market equities team that have an average of 15 years’ investment experience. There are five other portfolio managers and they are supported by more than 30 analysts and three investment directors. The team employs an approach that ensures at least two team members have a view on each stock proposed for or held in the portfolio – a global portfolio manager and an analyst. All team members attend and contribute to the monthly strategy meetings at which country allocation is decided and the global emerging markets portfolio managers work closely with the relevant analysts and regional portfolio managers when constructing portfolios for each country.
The team uses a proprietary quantitative model to guide country allocation. This model derives inputs from the four groups of factors above that are scored to produce a ranking of the countries in the global emerging market. The model is updated on a monthly basis with inputs sourced from third parties and independent of Schroders’ views. Stock analysis involves idea generation from many sources including an ongoing programme of company engagement, analysts’ core coverage requirement, macroeconomic assessments, and Schroders’ experienced investment professionals. ESG factors are integrated into the investment process with a centralised team of more than 20 data scientists also assisting the team to incorporate alternative data sources and sophisticated data science techniques into their analyses.
Investing in emerging market equities has been tough over the past decade or so, evidenced by the general underperformance of emerging market equities as compared to their developed peers. Nevertheless, the fund has managed to sustain a long period of relative outperformance when compared to its peers and the index. The fund’s strong risk-reward profile and excellent drawdown control further positions the fund well to investors as an attractive source of exposure to global emerging market equities.
Updated by Endowus: August 2021
** Disclaimer: Past performance should not be taken as an indication or guarantee of future performance and no representation or warranty, express or implied, is made regarding future performance. Any opinions expressed reflect a judgment at the original date of publication by us and are subject to change without notice.
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