Our Philosophy and Process
- The strategy seeks to invest in companies that are well governed and run for the benefit of all shareholders. It can also invest a proportion of assets in developed-market companies where business is driven by emerging-market operations.
- ESG considerations are integrated throughout the research process and via proprietary quality reviews, to ensure that any material issues are captured.
- The strategy has a long-term investment horizon. It focuses on balance-sheet strength and return-on-capital metrics.
Every time we consider a security or look at an industry or country, it’s in the context of what’s happening across the world. We believe the investment landscape is shaped over the long term by some key trends, and we use themes to help identify opportunities.
Investment Team
Our Concentrated Global Emerging Markets strategy is managed by an experienced team. In-house research analysts are at the core of our investment process, and our multidimensional research platform spans fundamental, thematic, ESG, quantitative, geopolitical, investigative and private-market research to promote better-informed investment decisions.
- 14
- years’ average investment experience
- 05
- years’ average time at Newton
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Paul Birchenough
Portfolio manager, Global Opportunities team
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Ian Smith
Portfolio manager, Global Opportunities team
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Alex Khosla
Portfolio manager, Global Opportunities team
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Zoe Kan
Portfolio manager, emerging and Asian equity income
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Fei Chen
Portfolio manager, global research
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Aditya Shah
Portfolio analyst, Global Opportunities team
Strategy Profile
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Objective
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The strategy seeks to outperform the MSCI Emerging Markets Index (NDR) by more than 3% per annum over rolling 5-year periods, by achieving long-term capital growth from a portfolio comprised predominantly of emerging-market securities.
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Performance benchmark
- MSCI Emerging Markets Index (NDR)
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Typical number of equity holdings
- 40 to 70
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Strategy size
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US$1.5bn (as at Sept 30, 2022)
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Strategy inception
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May 2011
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- The Newton Concentrated Global Emerging Markets strategy changed its name from Newton Global Emerging Markets strategy on Jan 1, 2023.
Quarterly factsheet
Facts on the strategy’s performance and positioning.
Responsible investment report
Stewardship activities (voting and engagement) for the last quarter and ESG metrics.
Brochure
More detail on the strategy’s investment approach.
Your capital may be at risk. The value of investments and the income from them can fall as well as rise and investors may not get back the original amount invested.
Analysis of themes may vary depending on the type of security, investment rationale and investment strategy. Newton will make investment decisions that are not based on themes and may conclude that other attributes of an investment outweigh the thematic structure the security has been assigned to.
Newton will make investment decisions that are not based solely on ESG considerations. It is one of many inputs into the fundamental analysis. Other attributes of an investment may outweigh ESG considerations when making investment decisions. The way that material ESG considerations are assessed may vary depending on the asset class and strategy involved. As of September 2022, the research team performs ESG analysis on equity securities prior to their addition to Newton’s Research Recommended List (RRL). ESG reviews are not performed for all fixed income securities. The portfolio managers may purchase equity securities that are not included on the RRL and which do not have ESG reviews. Not all securities held by Newton’s strategies have an ESG review completed prior to investment.