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Global Emerging Markets

Tap into the world’s growth engine with a different perspective.

The global economy is increasingly being driven by emerging markets growth. We expect this trend to accelerate in the coming years. With our long-established investment process and decades of investing in the region, we have found plenty of high-quality companies in emerging markets – but taking an active approach is key.  

What we invest in

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Dominant consumer franchises

With favourable demographics and low consumption per capita – particularly in Southeast Asia and India – we believe dominant consumer franchises can offer good growth potential over the long term.

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Strong alignment, innovative culture

Decisions taken by company management in both good and bad times can significantly affect its long-term outlook. We look for strong alignment with management and a culture that embraces innovation.  

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High quality financials

As income levels rise, we believe credit penetration in emerging markets will continue to increase. We aim to back the most efficient and risk-aware financial franchises to gain market share through the cycles. 

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Internet and technology

Rising smartphone usage, young demographics and large pools of IT talent have led to burgeoning technology markets. With an ability to reinvest at high rates, we believe market leaders will continue to increase their market share and generate long term growth. 
 

Our approach to responsible investment

Non-label disclaimer

Our approach to responsible investing has been shaped by an emphasis on stewardship and the belief that quality managers and good governance should ensure that environmental and social concerns are rightfully addressed. We have integrated sustainability analysis into our investment process and engage extensively on environmental, labour and governance issues. 

Sustainable investment labels help investors find products that have a specific sustainability goal. FSSA's products do not have a UK sustainable investment label as they do not have a non-financial sustainability objective. Their objective is to achieve long-term capital growth by following its investment policy and strategy.

Investment Insights

Brazil’s recent presidential election had come at an important juncture for the economy. A few of the FSSA team were in Brazil on a company research trip towards the end of October allowing us to assess the impact of the economic and political environment first-hand.
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We are pleased to present FSSA Investment Managers’ Sustainability Report 2025, using case studies to highlight our ongoing engagement with companies.
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Much of the world has spent the past month watching twenty-two people contest a ball across pitches throughout the North American continent. We have been watching a different contest, played out in Icheon and Pyeongtaek in South Korea, where the field of play is three-quarters of a millimetre high and the trophy is a share of the fastest-growing large market in the world economy.
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Meet the manager

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Rasmus Nemmoe

Portfolio Manager

Price & performance

Strategy overview

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Key facts

Indicative NAV*
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NAV per unit as at
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The iNAV reflects the estimated NAV per unit in respect of the Fund’s assets that have live market prices during the trading day. The issuer of the Fund has engaged ICE Data Indices, LLC as iNAV calculation agent to independently calculate the iNAV.
* iNAV calculations as shown (the "data") are provided by ICE Data Indices, LLC or its third party suppliers and are updated during ASX trading hours. iNAV calculations are indicative and for reference purposes only. The Fund is not sponsored, endorsed, sold or marketed by ICE Data Indices, LLC, its affiliates ("ICE Data") and ICE Data or its respective third party suppliers MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE iNAV, FUND OR ANY FUND DATA INCLUDED THEREIN. IN NO EVENT SHALL ICE DATA HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, DIRECT, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. You acknowledge that the data is provided for information only and should not be relied upon for any purpose.

Strategy overview

Issuer:

Key facts

Pricing information
NAV per unit as at
Key dates

ASX announcements

Strategy Overview

This Fund is an Irish domiciled UCITS fund marketed in the UK under the Overseas Fund Regime (OFR). The Fund is not subject to the UK sustainability disclosure and labelling regime.

Key Facts

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* The unit price for the Fund will be delayed temporarily given a special distribution is in progress.
*
* This is an annualised interest rate from the past seven days. For actual performance for our Cash Funds, please view the performance page.

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Past performance is not a reliable indicator of future performance. Unless otherwise stated, performance returns for periods greater than one year are annualised. Gross performance returns are calculated using a time-weighted return methodology.

Important information

This publication is provided by First Sentier Investors (Australia) IM Ltd (‘FSI’) in good faith and is designed as a summary to accompany the Product Disclosure Statement for the First Sentier Global Listed Infrastructure Fund and FSSA Global Emerging Markets Focus Fund (‘the Fund(s)’). The Product Disclosure Statement for the Funds is available from FSI, or FundRock NZ Limited (‘FundRock NZ’) and on https://disclose-register.companiesoffice.govt.nz/ or www.fundrock.com/fundrock-new-zealand/frnz-documents-and-reporting/. This publication is intended for the exclusive use of NZ financial advisers. It is not to be used by retail investors and should not be distributed or published without the prior consent of FundRock NZ.

The information contained in this publication is not an offer of units in the Fund or a proposal or an invitation to make an offer to sell, or a recommendation to subscribe for or purchase any units in the Fund. If you are making an investment directly then you will be required to complete the application form, which can be obtained from FundRock NZ.

The information and any opinions in this publication are based on sources that FSI believes are reliable and accurate. FSI, its directors, officers and employees make no representations or warranties of any kind as to the accuracy or completeness of the information contained in this publication and disclaim liability for any loss, damage, cost or expense that may arise from any reliance on the information or any opinions, conclusions or recommendations contained in it, whether that loss or damage is caused by any fault or negligence on the part of FSI, or otherwise, except for any statutory liability which cannot be excluded.

All opinions reflect FSI’s judgment on the date of this publication and are subject to change without notice. This disclaimer extends to FundRock NZ, and any entity that may distribute this publication. The information in this publication is not intended to be financial advice for the purposes of the Financial Markets Conduct Act 2013, as amended by the Financial Services Legislation Amendment Act 2019.

In particular, in preparing this publication, FSI did not take into account the investment objectives, financial situation and particular needs of any particular person. Professional investment advice from an appropriately qualified adviser should be taken before making any investment.

Reference to specific securities (if any) is included for the purpose of illustration only and should not be construed as a recommendation to buy or sell the same. All securities mentioned herein may or may not form part of the holdings of the Fund(s) at a certain point in time, and the holdings may change over time.

Past performance is not necessarily indicative of future performance; unit prices may go down as well as up and an investor in the Fund may not recover the full amount of the capital that they invest.

No part of this publication may be reproduced without the permission of FSI or FundRock NZ. FundRock NZ is the issuer and manager of the Fund. FSI is the appointed investment manager of the Fund.

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