JOHCM Global Emerging Markets Opportunities Fund

Back

Fund Description

For fund managers James Syme, Paul Wimborne and Ada Chan, identifying the right countries in which to invest is the most important influence on investment performance. Complementing their top-down view is a stock selection process that focuses on identifying quality growth stocks within their favoured countries. The result is a large-cap biased portfolio of typically 50-60 stocks.

  • James, Paul and Ada believe country allocation is the major driver of outperformance in emerging markets
  • Through an exhaustive monthly country allocation process that covers all 20+ countries within the MSCI Emerging Markets Index, the fund managers produce country allocation targets for each country within the index based on a five-factor analysis: Growth, Liquidity, Currency, Management/Politics and Valuation of equity market
  • Complementing their top-down view is a stock selection process that focuses on identifying quality growth stocks trading on attractive valuations within the fund managers’ favoured countries
  • Over time, they expect that top-down and bottom-up decisions will each contribute 50% of total value added
Reasons To Invest
  • Emerging markets are playing an increasingly important role in investors’ asset allocation decisions. They have witnessed dynamic expansion in recent years but should continue to drive global economic growth in the years ahead
  • Established, transparent investment process that has a long-term track record of outperformance
  • Strong emphasis on risk management and a consistent investment style tilt through the market cycle
  • James Syme

    Senior Fund Manager

    small image path
  • Paul Wimborne

    Senior Fund Manager

    small image path
  • Ada Chan

    Senior Fund Manager

    small image path

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

Back

Investment Objective

The JOHCM Global Emerging Markets Opportunities Fund aims to achieve long-term capital appreciation from investing in a portfolio of equity securities of companies in emerging markets around the world.

Fund details

Data as at 31 January 2024
Fund size GBP 188.59m
Strategy size GBP 1.98bn (as at 31 May 2023)
Benchmark MSCI Emerging Markets NR 12pm adjusted
Domicile Ireland
Denomination GBP, EUR, USD
Share classes

Please click here

Unit type Distribution
Minimum investment
A GBP 1,000
B GBP 1,000
Valuation point Daily (12pm, UK time)
Dealing frequency Daily 9-5pm

Fund ratings and awards

Data as at 31 January 2024

For our latest fund ratings and awards, please view our latest factsheet here

Fees and charges

Initial charge Up to 5%
Performance fee

Please review the latest factsheet for more information our fees and charges here

Administration

Status UCITS
Investment manager J O Hambro Capital Management Limited
Transfer agent and registrar Northern Trust International Fund Administration Services (Ireland) Limited
Depositary Northern Trust Fiduciary Services (Ireland) Limited

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

Strategy Highlights

As at 31 January 2024


Benjamin Graham famously said, “In the short run, the market is a voting machine, but in the long run, it is a weighing machine.” In recent months, we have seen a powerful voting effect in Chinese equities without any obvious sign that the weighing effect is having a meaningful impact.

To see this more clearly, it is important to understand how Chinese equity markets are structured. China has possibly the most complicated equity market structure in the world, with listings split between the mainland, Hong Kong, and overseas.

China has three domestic stock exchanges, dominated by Shanghai (the others are Beijing and Shenzhen), principally for domestic investors. The shares on the exchanges are predominantly renminbi-denominated A shares, making the equity markets largely subject to renminbi liquidity and interest rates. Because of capital controls, domestic investors have limited access to other equity markets, including Hong Kong.

Foreign investors primarily have access to Hong Kong dollar-denominated H shares listed on the Hong Kong Stock Exchange. Because of the currency peg, these are subject to a combination of Hong Kong dollar and US dollar liquidity and interest rates. Some Chinese companies are only listed in A shares, some only in H shares, and some are dual-listed.

Further complicating the landscape is Connect, a tightly controlled mechanism for foreign investors to access A shares via Hong Kong. Finally, there are Chinese companies listed on other capital markets, of which US-listed ADRs have been the most important. Since sanctions began in 2018 and the resultant decoupling, there has been an aggressive move to delist Chinese ADRs and they are less important than they used to be.

The voting mechanism at play in Chinese equities is the aggressive selling by foreign investors across the Chinese equity landscape. There are a number of ways that this can be seen in data. One is simple market returns. In the year to the end of January 2024, the MSCI EM ex-China Index returned +10.4% in USD terms, compared to a -27.7% return from the HKSE China Enterprise Index and a -17.1% return from the Shanghai Composite Index (the main indices for H shares and A shares respectively).

Relatedly, an index of the premia that dual-listed A shares trade at to their H share counterparts has been steadily rising since 2018, but in the year-to-end January, it jumped from 34.5% to 56.8% as foreign investors sold shares with the same underlying fundamentals more aggressively than domestic investors. This selling can also be seen in the flows through Connect, with foreigners selling USD 1.4bn of A shares through Connect in January 2024 alone.

In the index fund space, a similar pattern can be seen, with the main MSCI EM Index seeing its net asset value decline from USD 26.3bn to USD 17.0bn in the year to January, while the MSCI EM ex-China index saw its net asset value increase from USD 3.3bn to USD 9.3bn, as investors fled Chinese equities.

Finally, and as previously noted, valuations of Chinese stocks are well below both their peers in emerging markets and their own valuation history. Chinese equities, particularly H shares, are extremely cheap across the board. However, with the current negative newsflow and sentiment, and with foreign investors ‘voting’ to abandon China, there is insufficient capital ‘weighing’ these apparent value opportunities. The ‘long-run’ in Graham’s quote seems, for now, to extend past our investment horizon, and we remain cautious on China and underweight the market while the current environment continues.
 

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

Percentage growth of the fund versus benchmark

Data as at 31 January 2024
A GBP share class, since launch (30 June 2011)

Return history (%)

Data as at 31 January 2024

Standardised Performance

Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. You should not base your decision to invest on this document. The Funds investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile. 
 


Dec 19 - Dec 20 Dec 20 - Dec 21 Dec 21 - Dec 22 Dec 22 - Dec 23 Dec 23 - Dec 24
Fund 11.48% 12.47% 2.99% -5.36% 1.39%

Monthly returns (%)

Data as at 31 January 2024
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual Since inception
Fund 2011 -2.90 -7.42 -9.23 10.91 -6.08 -15.00
Benchmark 2011 -2.13 -9.44 -10.12 10.93 -6.42 1.36 -16.19
Fund 2012 6.82 6.17 -5.29 -2.08 -8.95 -0.61 4.08 -0.36 4.65 -0.46 0.92 1.47 5.29
Benchmark 2012 9.39 5.02 -3.98 -2.73 -6.86 1.97 3.27 -2.02 3.95 1.59 4.03 13.27
Fund 2013 4.31 2.79 -1.85 -1.44 2.58 -8.64 2.04 -3.17 2.30 6.16 -1.00 -1.13 2.10
Benchmark 2013 3.65 2.67 -1.74 -1.74 -0.28 -6.87 1.83 -3.88 2.63 5.52 -3.62 -2.35 -4.79
Fund 2014 -6.05 2.81 0.24 -1.07 6.71 -0.22 3.04 2.40 -4.37 3.79 2.47 -2.94 6.23
Benchmark 2014 -6.61 2.57 2.75 -0.26 4.71 0.16 3.45 3.37 -4.88 2.10 1.26 -4.19 3.74
Fund 2015 7.69 -0.91 3.27 4.35 -1.80 -7.05 -6.65 -7.12 -1.44 8.26 -0.22 -1.35 -4.41
Benchmark 2015 4.33 0.32 2.70 3.75 -2.70 -6.20 -6.29 -7.65 -1.87 6.41 -1.32 -1.49 -10.61
Fund 2016 -6.50 2.32 7.63 -2.44 -1.25 12.99 8.34 3.76 2.90 3.61 -6.62 0.73 26.34
Benchmark 2016 -3.99 3.64 9.36 -0.88 -3.35 11.91 7.43 3.58 2.27 6.62 -6.72 1.52 34.03
Fund 2017 5.27 2.78 3.63 -1.47 4.72 0.55 3.93 3.48 -3.36 6.28 -2.14 1.96 28.23
Benchmark 2017 4.22 3.46 2.40 -1.85 4.13 -0.50 4.79 4.08 -4.26 4.96 -1.09 2.82 25.15
Fund 2018 -1.17 -2.48 -3.37 3.95 0.97 -1.40 1.42 -1.11 -1.42 -6.05 4.51 -3.62 -9.82
Benchmark 2018 3.20 -2.08 -4.01 2.49 -0.63 -3.22 2.43 -1.84 -0.65 -7.08 4.71 -2.67 -9.57
Fund 2019 3.84 -1.17 5.23 1.13 -1.34 4.98 1.80 -3.95 1.10 -3.27 -1.05 4.18 11.48
Benchmark 2019 5.45 -0.49 1.60 3.28 -4.44 5.72 3.08 -5.33 1.12 -0.91 0.31 4.90 14.44
Fund 2020 -2.10 -3.81 -14.12 11.27 0.83 7.65 -0.46 0.31 2.14 0.37 6.35 5.76 12.47
Benchmark 2020 -3.77 -3.70 -12.29 8.99 1.23 8.44 1.77 2.21 -0.28 2.15 6.49 4.44 14.60
Fund 2021 1.11 0.93 1.58 0.32 0.97 2.17 -5.13 1.45 -1.89 -1.72 -0.13 3.58 2.99
Benchmark 2021 3.10 -1.33 -0.52 1.88 -1.34 3.87 -7.21 3.48 -1.51 -1.07 -1.01 0.72 -1.43
Fund 2022 -0.38 -4.53 -0.21 -0.42 1.97 -4.27 0.43 4.80 -3.56 -4.33 6.23 -0.56 -5.36
Benchmark 2022 -1.90 -2.44 -0.10 -1.42 -0.04 -2.55 -1.01 5.37 -7.64 -7.13 10.29 -1.00 -10.29
Fund 2023 3.05 -3.29 1.52 -1.21 -1.30 2.19 3.08 -3.82 -0.87 -4.44 3.05 3.92 1.39
Benchmark 2023 4.90 -4.65 0.79 -1.96 -0.52 1.08 4.46 -4.44 0.44 -3.08 3.61 3.21 3.29
Fund 2024 -4.86 -4.86 59.80
Benchmark 2024 -4.14 -4.14 45.99

Source and notes

JOHCM/MSCI/Bloomberg/Lipper.

Data shown net of fees, net income reinvested. Performance of other share classes may vary and is available on request. Please note that all fund performance is shown against the MSCI Emerging Markets NR 12pm adjusted in GBP. Performance of other share classes may vary and is available on request. Where shown, monthly returns table shows compounded discrete monthly performance.

Disclaimer

Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. You should not base your decision to invest on this document. The Funds investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile. 
 

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

Fund statistics

Data as at 31 January 2024
Fund size GBP 188.59m
Number of holdings 50

Top 10 holdings and active weights

Data as at 31 January 2024
Top 10 holdings
Taiwan Semiconductor 8.03%
Tencent 5.96%
Larsen & Toubro 4.90%
Samsung Electronics 3.78%
State Bank of India 3.78%
Itau Unibanco 3.71%
Grupo Fin Banorte 3.53%
CEMEX 3.40%
FIRSTRAND 3.39%
BANK MANDIRI 3.34%
Top 10 active weights
Larsen & Toubro +4.49%
State Bank of India +3.57%
CEMEX +3.40%
Itau Unibanco +3.24%
Grupo Fin Banorte +3.13%
FIRSTRAND +3.11%
BANK MANDIRI +3.11%
Ambev +3.10%
Emaar Properties +2.90%
Bank Rakyat Indonesia +2.70%

Sector breakdown

Data as at 31 January 2024
Portfolio Benchmark Relative
Financials 29.20% 23.09% 6.11%
Information Technology 12.60% 22.23% -9.63%
Consumer Staples 10.31% 5.94% 4.37%
Consumer Discretionary 9.57% 12.11% -2.53%
Industrials 9.15% 6.80% 2.36%
Materials 7.92% 7.44% 0.48%
Communication Services 6.18% 8.73% -2.55%
Real Estate 5.56% 1.58% 3.98%
Energy 3.52% 5.61% -2.09%
Utilities 2.50% 2.83% -0.34%
Health Care 0.93% 3.63% -2.69%
Cash 2.54% 0.00% 2.54%

Market cap breakdown

Data as at 31 January 2024
Portfolio Benchmark Relative
Large Cap 81.76% 76.31% 5.45%
Medium Cap 14.31% 23.68% -9.38%
Small Cap 1.40% 0.01% 1.39%
Cash 2.53% 0.00% 2.53%

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

Fund Group

Fund

As at noon Share class Currency Domicile ISIN number NAV per share Change   KIID
Emerging Markets Equities JOHCM Global Emerging Markets Opportunities Fund 23/02/2024 A EUR EUR Ireland IE00B3ZBLW75 1.547 -0.001
Emerging Markets Equities JOHCM Global Emerging Markets Opportunities Fund 23/02/2024 A GBP GBP Ireland IE00B4002N46 1.404 -0.005
Emerging Markets Equities JOHCM Global Emerging Markets Opportunities Fund 23/02/2024 A USD USD Ireland IE00B4M6CN00 1.148 -0.004
Emerging Markets Equities JOHCM Global Emerging Markets Opportunities Fund 23/02/2024 B EUR EUR Ireland IE00B4TRCR07 1.53 -0.001
Emerging Markets Equities JOHCM Global Emerging Markets Opportunities Fund 23/02/2024 B GBP GBP Ireland IE00B41RZ573 1.352 -0.005
Emerging Markets Equities JOHCM Global Emerging Markets Opportunities Fund 23/02/2024 B USD USD Ireland IE00B4XXMP29 1.504 -0.005
Emerging Markets Equities JOHCM Global Emerging Markets Opportunities Fund 23/02/2024 Y GBP GBP Ireland IE00BYSGJY42 1.692 -0.005
Emerging Markets Equities JOHCM Global Emerging Markets Opportunities Fund 23/02/2024 Y USD USD Ireland IE00BYSGJZ58 1.396 -0.005
Emerging Markets Equities JOHCM Global Emerging Markets Opportunities Fund Z - Class AUD Ireland IE00B5W6ZB60
Emerging Markets Equities JOHCM Global Emerging Markets Opportunities Fund 23/02/2024 Z - Class CAD CAD Ireland IE00BBPK0L23 1.622 -0.002
Emerging Markets Equities JOHCM Global Emerging Markets Opportunities Fund 23/02/2024 Z - Class GBP GBP Ireland IE00B6R54W91 1.764 -0.006

Dividend Rates

Funds paying quarterly dividends

JOHCM UK Equity Income Fund

Share class Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23
A distributing GBP 1.2881 1.9828 3.4453 3.1410 1.8309 2.1053 3.2723 3.4292
A accumulating GBP 2.8152 4.3509 7.6541 7.1149 4.2268 4.9097 7.7197 8.2427
B distributing GBP  1.1897 1.8271 3.1746 2.8895 1.6822 1.9315 3.0000 3.1395
B accumulating GBP 2.6020 4.0228 7.0604 6.5526 3.8884 4.5096 7.0851 7.5529
Y distributing GBP 0.8697 1.3383 2.3274 2.1211 1.2376 1.4237 2.2134 2.3200
Y accumulating GBP 1.1364 1.7602 3.0924 2.8757 1.7088 1.9315 3.1230 3.3359

Dividends are quoted and paid in pence per share

Distribution of income occur on or before: 31 May, 31 August, 30 November and 28 February

The quarterly table above shows the last two years net dividends (on an accounting rather than a paid basis) for this fund. If you require the dividends for previous time periods, please contact Northern Trust directly on 0333 300 0359 or by email JOH_Onshore_TAQueries@ntrs.com.
 

Funds paying semi-annual dividends

Distribution of income occur on or before: 31 August and 28 February

JOHCM UK Dynamic Fund (Onshore)

Share class Currency Pay date Dividend paid in Dividend rate
A - distributing GBP 31 Aug 2023 pence per share 4.7348
A - accumulating GBP 31 Aug 2023 pence per share  7.2848
B - distributing GBP 31 Aug 2023 pence per share  4.2666
B - accumulating GBP 31 Aug 2023 pence per share 8.0119
Y - distributing GBP 31 Aug 2023 pence per share 2.9766
Y - accumulating GBP 31 Aug 2023 pence per share 4.2119
X - distributing GBP 31 Aug 2023 pence per share 2.4775
X - accummulating GBP 31 Aug 2023 pence per share 2.8519
M - distributing GBP 31 Aug 2023 pence per share 0.6975
M - accumulating GBP 31 Aug 2023 pence per share 0.6975
K - distributing GBP 31 Aug 2023 pence per share 0.6130
K - accumulating  GBP 31 Aug 2023 pence per share 0.6128

JOHCM UK Dynamic Fund (Offshore)

Share class Currency Pay date Dividend paid in  Dividend rate
Y GBP 31 Aug 2023 pence per share 2.2517
Y EUR 31 Aug 2023 pence per share 2.1310
Y USD 31 Aug 2023 pence per chare 2.3831

JOHCM Global Select Shariah Fund 

Share class Currency Pay date Dividend paid in  Dividend rate
A USD 31 Aug 2023 pence per share 0.3187

Funds paying annual dividends

Distribution of income occur on or before 28 February

JOHCM Asia ex Japan Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 0.0000
A EUR 28 Feb 2023 cents per share 0.0000
A USD 28 Feb 2023 cents per share 0.0000
B GBP 28 Feb 2023 pence per share 0.0000
B EUR 28 Feb 2023 cents per share 0.0000
B USD 28 Feb 2023 cents per share 0.0000
Z GBP 28 Feb 2023 cents per share 1.2559
Z USD 28 Feb 2023 cents per share 0.0088

JOHCM Asia ex Japan Small and Mid Cap Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 0.0000
A EUR 28 Feb 2023 cents per share 0.0000
A USD 28 Feb 2023 cents per share 0.0000
B GBP 28 Feb 2023 pence per share 0.0000
B EUR 28 Feb 2023 cents per share 0.0000
B USD 28 Feb 2023 cents per share 0.0000
Z GBP 28 Feb 2023 cents per share 0.0000


JOHCM Continental European Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 10.0915
A EUR 28 Feb 2023 cents per share 7.9953
A - hedge GBP 28 Feb 2023 pence per share 2.9851
B GBP 28 Feb 2023 pence per share 7.7618
B EUR 28 Feb 2023 cents per share 6.4068
B - hedge USD 28 Feb 2023 cents per share 1.1526
Y GBP 28 Feb 2023 pence per share 3.7378
Y - hedge GBP 28 Feb 2023 pence per share 3.2781
Y EUR 28 Feb 2023 cents per share 3.0566

JOHCM European Select Values Fund

Share class Currency Pay date Dividend paid in  Dividend rate
A GBP 28 Feb 2023 pence per share 4.8151
A EUR 28 Feb 2023 cents per share 2.6779
B GBP 28 Feb 2023 pence per share 2.0318
B EUR 28 Feb 2023 cents per share 0.8256
Y EUR 28 Feb 2023 cents per share 0.8964


JOHCM Global Emerging Markets Opportunities Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 3.9725
A EUR 28 Feb 2023 cents per share 3.7874
A USD 28 Feb 2023 cents per share 2.7065
B GBP 28 Feb 2023 pence per share 3.5330
B EUR 28 Feb 2023 cents per share 3.4128
B USD 28 Feb 2023 cents per share 3.0881
Y GBP 28 Feb 2023 pence per share 4.9039
Y USD 28 Feb 2023 cents per share 2.8124
Z GBP 28 Feb 2023 cents per share 7.3245

JOHCM Global Opportunities Fund (onshore)

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 2.5742
A - hedged GBP 28 Feb 2023 pence per share 2.3240
X GBP 28 Feb 2023 cents per share 2.4772

JOHCM Global Opportunities Fund (offshore)

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 4.4298
A EUR 28 Feb 2023 cents per share 4.1956
A USD 28 Feb 2023 cents per share 3.3076
B EUR 28 Feb 2023 cents per share 3.8301
B USD 28 Feb 2023 cents per share 3.1239
A - hedged EUR 28 Feb 2023 cents per share 1.6538
X GBP 28 Feb 2023 cents per share 3.7875
Z GBP 28 Feb 2023 cents per share 1.7774
X - hedged GBP 28 Feb 2023 cents per share 2.1090
X EUR 28 Feb 2023 cents per share 1.9147

JOHCM Global Select Fund

Share class Currency Pay date Dividend paid in  Dividend rate
A GBP 28 Feb 2023 pence per share 2.5774
A EUR 28 Feb 2023 cents per share 2.0747
A USD 28 Feb 2023 cents per share 1.0629
B GBP 28 Feb 2023 pence per share 0.0000
B EUR 28 Feb 2023 cents per share 0.0000
B USD 28 Feb 2023 cents per share 0.0000
Z GBP 28 Feb 2023 pence per share 4.2279


JOHCM UK Growth Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 4.6405
B GBP 28 Feb 2023 pence per share 2.4239
X GBP 28 Feb 2023 pence per share 2.5898

JOHCM UK Opportunities Fund

Share class Currency Pay date Dividend paid in Dividend rate
A - distributing GBP 28 Feb 2023 pence per share 6.1160
A - accumulating GBP 28 Feb 2023 pence per share 9.5564
B - distributing GBP 28 Feb 2023 pence per share 5.7397
B - accumulating GBP 28 Feb 2023 pence per share 8.8440
Y - accumulating GBP 28 Feb 2023 pence per share 5.3515
Y - distributing GBP 28 Feb 2023 pence per share 4.1220

 

Net dividends quoted in the local share class currency.

If you would like more information, please contact Northern Trust directly on 0333 300 0359 or by email JOH_Onshore_TAQueries@ntrs.com. Email us at oeicdealing@johcm.co.uk.

Views & News

  • 09 Feb 2024

    Foreign Investors Are Voting to Leave China

    Technical indicators reveal the negative effect of foreigners disinvesting Chinese Stocks

    Read More
  • 08 Jan 2024

    Elections Set the Agenda for 2024

    Elections in Russia and the US may be very different in both form and substance, but they will set the tone for emerging markets in what will be a year of elections worldwide

    Read More
  • 20 Dec 2023

    India’s Digital Miracle

    India's digital revolution and its journey to become the world's third-largest economy

    Read More
  • 13 Dec 2023

    Keeping Positive but Realistic

    As India revels in its growth, will high valuations prove resilient amidst the shifting landscape?

    Read More
  • 05 Dec 2023

    Tokyo Story

    Japan's Surging Appeal as Investors Look for Diversification amid China's Economic Troubles

    Read More
  • 20 Nov 2023

    From Desert Sands to Investment Oasis

    A Closer Look at how One Sheikh's Reforms Transformed the UAE

    Read More
  • 13 Nov 2023

    Rising Chinese Stars

    Uncovering China's Overlooked Growth Stories Amidst Market Volatility

    Read More
  • 11 Oct 2023

    The Dragon’s Slumber

    How China's Slowdown Is Reverberating Across Emerging Markets

    Read More
  • 06 Sep 2023

    What a Negative Inflation Print Means for China

    China's Deflation Sparks Concerns Amidst Beijing’s Cautious Policy Stance

    Read More
  • 06 Aug 2023

    Echoes of Caution Amidst Emerging Market Tech Frenzy

    Powerful surges in emerging market tech stocks raise flags amidst quality concerns

    Read More

Webcasts & Videos

  • Out of China…into Where?

    27 Oct 2023 | 29 mins

  • JOHCM Global Emerging Markets Opportunities Fund Q4 2021 Update

    24 Jan 2022 | 21 mins

  • JOHCM Global Emerging Markets Opportunities Fund Q3 2021 Update

    26 Oct 2021 | 20 mins

  • JOHCM Global Emerging Markets Opportunities Fund Q3 2021 Update

    26 Oct 2021 | 20 mins

  • James Syme

    Senior Fund Manager

    small image path
  • Paul Wimborne

    Senior Fund Manager

    small image path
  • Ada Chan

    Senior Fund Manager

    small image path

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

Back

For a better experience, we recommend viewing this website in landscape orientation.

Webinars

×

JOHCM

×

Regnan

×