22SEP 2021
Global Emerging Markets Equity
Investment Objective
Schroders’ Global Emerging Markets Equity strategy seeks capital appreciation primarily through investment in equity securities of emerging markets companies.
Description
Schroders’ Global Emerging Markets Equity strategy provides exposure to a range of developing countries around the world. We believe that these countries are generally characterized by a stronger growth potential than mature economies which leads to the potential opportunity for premium returns. The investable universe is commonly defined by the MSCI Emerging Markets Index, which covers 24 countries and over 1,100 stocks.
Management Team
The Global Emerging Market Equities team is made up of more than 45 investment professionals with an average of 14 years' investment experience. The team has a centralized asset allocation function in London, with stock analysts based in regional offices around the world. Please note that we take a team based approach to the management of all emerging market equity portfolios.
Tom Wilson
Tom Wilson is Head of Emerging Market Equities, based in London. He was appointed to this position in August 2016, having previously held the role of Global Emerging Markets Fund Manager and Head of Research within the Emerging Markets Equity Team. Prior to that he had been the Head of EMEA from 2007 to 2014. He joined Schroders in 2001.
Tom Wilson
Tom Wilson is Head of Emerging Market Equities, based in London. He was appointed to this position in August 2016, having previously held the role of Global Emerging Markets Fund Manager and Head of Research within the Emerging Markets Equity Team. Prior to that he had been the Head of EMEA from 2007 to 2014. He joined Schroders in 2001.
Waj Hashmi
Waj Hashmi is a Portfolio Manager, based in London. He joined in 2005, having previously worked as a Senior Analyst and then Global Emerging Markets Fund manager at WestLB Asset Management from 1998-2002. Waj's investment career commenced in 1993 upon joining Arthur Andersen as a Corporate Tax Senior.
Waj Hashmi
Waj Hashmi is a Portfolio Manager, based in London. He joined in 2005, having previously worked as a Senior Analyst and then Global Emerging Markets Fund manager at WestLB Asset Management from 1998-2002. Waj's investment career commenced in 1993 upon joining Arthur Andersen as a Corporate Tax Senior.
Robert Davy
Robert Davy is a Portfolio Manager, based in London. He joined in November 1986 as an analyst in the UK team, moving to the US desk as a fund manager in 1988. During the 1990s Robert established Schroders' offices and businesses in Latin America, before transitioning to his current role in the Global Emerging Markets team in 2000.
Robert Davy
Robert Davy is a Portfolio Manager, based in London. He joined in November 1986 as an analyst in the UK team, moving to the US desk as a fund manager in 1988. During the 1990s Robert established Schroders' offices and businesses in Latin America, before transitioning to his current role in the Global Emerging Markets team in 2000.
James Gotto
Emerging Markets Portfolio Manager
James Gotto is a Portfolio Manager on Schroders' Global Emerging Market Equities team, based in London. He joined in 1991 as a UK research analyst, before moving to the Latin American team in 1994, where he was responsible for the research and management of local funds in Argentina. He became a Portfolio Manager specializing in Latin American business development in 1998.
James Gotto
Emerging Markets Portfolio Manager
James Gotto is a Portfolio Manager on Schroders' Global Emerging Market Equities team, based in London. He joined in 1991 as a UK research analyst, before moving to the Latin American team in 1994, where he was responsible for the research and management of local funds in Argentina. He became a Portfolio Manager specializing in Latin American business development in 1998.
Nicholas Field
Nicholas Field is an Emerging Markets Portfolio Manager and Strategist. He joined Schroders in July 2006 from WestLB Asset Management where he was a Global Emerging Markets Fund Manager from 1999. Prior to this, Nicholas worked at Dresdner RCM Global Investors as an Emerging Markets Fund Manager from 1996. His investment career started in 1991 upon joining HM Treasury.
Nicholas Field
Nicholas Field is an Emerging Markets Portfolio Manager and Strategist. He joined Schroders in July 2006 from WestLB Asset Management where he was a Global Emerging Markets Fund Manager from 1999. Prior to this, Nicholas worked at Dresdner RCM Global Investors as an Emerging Markets Fund Manager from 1996. His investment career started in 1991 upon joining HM Treasury.
Investment Philosophy
We believe that emerging stock markets are inefficient and provide strong potential for adding value through active fund management. This value can be extracted through both country and stock selection. We believe that it is inappropriate to apply a systematic style bias across so many countries at such different stages of development. We believe that as fund managers we should manage both return and risk. Our aim is to achieve returns with the minimum level of risk through a proactive approach to risk management and a focus on the sustainability of returns. We believe that applying a systematic, disciplined approach, with a strong team culture increases our ability to add value.
Investment Process
Schroders has a balanced approach to investing in emerging markets. We use a mix of top-down analysis and bottom-up stock selection, looking to derive 50% of our added value from country allocation and 50% from stock selection. Our core investment process does not target any particular style bias and aims to outperform in most market environments.
Our investment process begins with the gathering and analysis of information on both countries and stocks. That information is then used to decide allocations for the portfolio. Country allocation is driven by a quantitative model, to which the team applies judgmental overlay in a controlled manner, while fundamental research forms the basis of the stock selection process. We have the resources to follow nearly all companies within our universe. It is this breadth of coverage, coupled with the local nature of our research that provides the means of generating unique investment ideas at the stock level.
Key Features
- Targets 50% added value added from country and 50% from stock decisions
- Proprietary quantitative country model drives country decisions and detailed fundamental research drivers stock selection
- Rigorous active risk management including tracking errors and a stock stop-loss review policy, which are monitored continuously on several levels
- Significant global resources, including an experienced investment team based across eight locations worldwide
Investment Options*
- Subadvised Mutual Fund
- Separate Accounts
- Commingled Vehicle