Pacific EM Income: Three Year Anniversary Video
< 1 minute read timeIn this Emerging Markets Income Video Update, Nick Lemis, Global Head of Wholesale, is joined by Robert Holmes, Portfolio Manager of the Income Fund, to celebrate the fund’s third anniversary.
Emerging Markets Income: August Monthly Commentary
2 minutes read timeIn August the fund gained 3.3% as markets continued to rally from their April lows. Performance has been broad-based but led by Taiwan, China and Brazil, with the consumer discretionary and information technology sectors contributing most at the sector level.
Emerging Markets Income: July Monthly Commentary
2 minutes read time In July the fund gained 6.3% as markets continued to rally from their April lows. Performance has been broad-based but led by Taiwan, which was driven by the ever-increasing capex for AI, combined with easing tariff concerns.
Emerging Markets Income: June Monthly Commentary
2 minutes read timeIn June the fund returned 4% (GBP I share class), led by South Korea, Brazil and Greece. The second quarter dividend was GBP0.27555 making a 12m trailing yield of 5.7% which is a yield spread of 210bp over UK inflation.
Emerging Markets Income: May Monthly Commentary
2 minutes read timeIn May the fund gained 2.6%, which was led by our holdings in Taiwan and Financials. Much of the strength in Taiwan was attributable to an unexpected 9% surge of the Taiwan Dollar which happened over just a few days.
Emerging Markets Income: April Monthly Commentary
2 minutes read timeIn April the fund was down -1.98%. We had positive performance from our holdings in Greece and South Korea, whilst the main detractor was China.
Emerging Markets Income: March Monthly Commentary
2 minutes read timeIn March the fund was down 20bp and over the first quarter up 2.3% which compares favourably to MSCI Emerging markets and MSCI world which were both down over the same period.
Emerging Markets Income: February Monthly Commentary
2 minutes read timeIn February the fund returned -1.0%. Positive performance came from China and Eastern Europe, the detractors were South Africa and South Korea.
Emerging Markets Income: January Monthly Commentary
2 minutes read timeThe fund started the year positively with a gain of 3.6%. Considering the concern associated with trade tariffs from the new US administration, this probably comes as a pleasant surprise.
Emerging Markets Income: December Monthly Commentary
2 minutes read timeIn December the fund appreciated by 1% bringing the full year return to 13.6%. A fourth quarter dividend was declared of 0.109366p giving a full year net yield after withholding taxes of 6.4% which compares to December UK CPI of 2.5% year on year.