Portfolio

Portfolio 2017-06-05T17:11:16+00:00

Emerging Markets Masters Fund (EMF) employs a multi-manager approach to investing in emerging and frontier market equities. Below is the list of managers held within the portfolio, as well as look-through country and sector allocations of the portfolio.

UNDERLYING MANAGERS

EMF currently has investments in a portfolio of leading funds that provide exposure across a number of emerging markets.

MANAGER MANDATE WEIGHT AT
31 MAR 2017
Cash* 10.6%
Total** 100.0%
Steadview Capital Fund India country specialist 14.9%
BMO LGM Frontier Markets Fund Global Frontier Markets 11.7%
Wells Fargo China Equity Fund China country specialist 10.2%
Lazard Emerging Markets Fund Global Emerging Markets 10.2%
Polunin Discovery Frontier Markets Fund Global Frontier Markets 8.9%
Russian Prosperity Fund Russia country specialist 4.9%
Cephei QFII China Absolute Return Fund China country specialist 5.1%
APS China A-Share Fund China country specialist 4.8%
Somerset Emerging Markets Dividend Growth Fund Global Emerging Markets 4.6%
NCC China A-Share Fund China country specialist 3.8%
Schroder International Emerging Europe Fund Eastern Europe region 3.4%
Arisaig Latin America Consumer Fund Latin America consumer specialist 2.9%
GBM Crecimiento Fund Mexico country specialist 2.4%
Brasil Capital Equity Fund Brazil country specialist 1.5%
Cash* 10.6%
Total** 100.0%

* Excludes any cash held by underlying investment managers
** Figures may not reconcile due to rounding

Source: Walsh & Company Asset Management Pty Limited

COUNTRY ALLOCATION

Indicative look-through country allocation mix at 31 March 2017:

*Excludes any cash held by underlying investment managers.
** Figures may not reconcile due to rounding.

SECTOR ALLOCATION

Indicative look-through sector allocation mix at 31 March 2017:

*Excludes any cash held by underlying investment managers.
** Figures may not reconcile due to rounding.

MSCI Emerging Markets Index source: MSCI. Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.