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

    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 July 2023
Fund size GBP 212.9m
Strategy size GBP 1.81bn (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 July 2023

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

Fees and charges

Initial charge Up to 5%
Annual mgmt charge (A) 0.90%
Annual mgmt charge (B) 1.50%
Performance fee

A performance fee of 15% is payable on the excess if the NAV outperforms the Index Adjusted NAV (as defined in the Fund Supplement) on an annual basis. The calculation is performed daily. Any underperformance is carried forward.

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 August 2023

When commenting on the summer markets, particularly Emerging Markets (EMs), one cannot help but notice the repetitive nature of this season. Summers tend to be characterised by weakness, often marked by exaggerated performances, particularly on the downside, as diminished liquidity exacerbates market movements.

This August unfolded in a manner that didn't take us entirely by surprise, although it did prove frustrating. Like a broken record, we found ourselves listening to the same tune, or rather, noise—the strengthening of the US Dollar and the weakening of Emerging Markets. The underlying rationale behind these moves was tied to a weakened China, with its government hesitating in implementing support programs. Europe faced similar concerns, arguably leaving the US as the sole viable and investable option. Even gold experienced a correction due to rising yields in the US, but it managed to maintain itself just below the $2,000 level—an impressive feat given the interest rate landscape of the past year.

This sort of thinking, akin to a typical hedge fund 'pair trade' framework, tends to impact parts of the market for a period but often leaves ample opportunities for those who can discern the questionable logic behind these exaggerated movements.

The fund outperformed the benchmark in August, but the fund's sceptical stance and consequent underweight position in China contributed positively. Conversely, Mexico added to our gains, reflecting our ongoing belief in the 'nearshoring' trend. We also found success in the UAE, where the combination of high oil prices, increased capital inflows and market liberalisation have created a remarkable boom. Therefore, our conviction in Emaar Properties remains steadfast – a stock benefiting from strong market demand while delivering stronger growth and higher dividends for investors. The standout performer for the month was South Korean company Cosmax. We had been on the lookout for winners in the Asian cosmetics sector, and this choice proved to be a stellar one, surpassing expectations. Our constant pursuit of the best stocks in the best sectors sometimes demands a more generous approach, and we are tactically considering a few other names in the sector to bolster our exposure.

On the negative side, Brazil exhibited excessive volatility in response to negative developments in China. Local hedge funds often dominate the local market, leading to challenges reminiscent of those mentioned in recent commentaries. At the individual stock level, disappointment arose from NIO, the Chinese electric car manufacturer. The harsh reality of intense price competition in the market quickly overshadowed the initial excitement surrounding new models.

As we enter September, it's worth noting that even the US stock market faces challenges. In the end, higher yields should be a problem for everyone. Another noteworthy observation is that Nvidia, the new leader, struggled to break out despite solid reported numbers as the realities of high valuations finally caught up with the AI hype. Apple is also contending with issues in China, so any correction there could have positive ripple effects. Arguably, the potential downside risk appears more limited in Emerging Markets.
 

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 July 2023
A GBP share class, since launch (30 June 2011)

Return history (%)

Data as at 31 July 2023

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. 
 


Jun 18 - Jun 19 Jun 19 - Jun 20 Jun 20 - Jun 21 Jun 21 - Jun 22 Jun 22 - Jun 23
Fund 5.83% -3.72% 23.53% -11.45% 3.43%

Monthly returns (%)

Data as at 31 July 2023
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 3.92 72.14
Benchmark 2023 4.90 -4.65 0.79 -1.96 -0.52 1.08 4.46 3.83 53.08

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 July 2023
Fund size GBP 212.9m
Number of holdings 49

Top 10 holdings and active weights

Data as at 31 July 2023
Top 10 holdings
Tencent 7.20%
Taiwan Semiconductor 6.18%
Emaar Properties 3.80%
Larsen & Toubro 3.63%
FIRSTRAND 3.59%
HDFC Bank 3.49%
Ambev 3.47%
Samsung Electronics 3.45%
Mahindra & Mahindra 3.41%
State Bank of India 3.39%
Top 10 active weights
Emaar Properties +3.63%
HDFC Bank +3.49%
Larsen & Toubro +3.31%
FIRSTRAND +3.30%
Ambev +3.26%
Tencent +3.20%
HKEx +3.20%
State Bank of India +3.20%
Mahindra & Mahindra +3.17%
Grupo Fin Banorte +2.97%

Sector breakdown

Data as at 31 July 2023
Portfolio Benchmark Relative
Financials 29.42% 21.60% 7.82%
Consumer Staples 11.32% 6.23% 5.10%
Consumer Discretionary 10.88% 14.19% -3.31%
Information Technology 10.86% 20.27% -9.40%
Industrials 9.03% 6.37% 2.66%
Communication Services 7.41% 9.85% -2.45%
Materials 7.28% 8.32% -1.04%
Real Estate 6.24% 1.77% 4.47%
Utilities 2.42% 2.57% -0.15%
Energy 2.25% 5.06% -2.80%
Health Care 0.00% 3.78% -3.78%
Cash 2.88% 0.00% 2.88%

Market cap breakdown

Data as at 31 July 2023
Portfolio Benchmark Relative
Large Cap 80.74% 77.00% 3.74%
Medium Cap 16.12% 22.99% -6.87%
Small Cap 0.27% 0.01% 0.26%
Cash 2.88% 0.00% 2.88%

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 21/09/2023 A EUR EUR Ireland IE00B3ZBLW75 1.502 -0.005
Emerging Markets Equities JOHCM Global Emerging Markets Opportunities Fund 21/09/2023 A GBP GBP Ireland IE00B4002N46 1.386 -0.001
Emerging Markets Equities JOHCM Global Emerging Markets Opportunities Fund 21/09/2023 A USD USD Ireland IE00B4M6CN00 1.096 -0.01
Emerging Markets Equities JOHCM Global Emerging Markets Opportunities Fund 21/09/2023 B EUR EUR Ireland IE00B4TRCR07 1.481 -0.005
Emerging Markets Equities JOHCM Global Emerging Markets Opportunities Fund 21/09/2023 B GBP GBP Ireland IE00B41RZ573 1.331 0
Emerging Markets Equities JOHCM Global Emerging Markets Opportunities Fund 21/09/2023 B USD USD Ireland IE00B4XXMP29 1.431 -0.013
Emerging Markets Equities JOHCM Global Emerging Markets Opportunities Fund 21/09/2023 Y GBP GBP Ireland IE00BYSGJY42 1.671 -0.001
Emerging Markets Equities JOHCM Global Emerging Markets Opportunities Fund 21/09/2023 Y USD USD Ireland IE00BYSGJZ58 1.334 -0.012
Emerging Markets Equities JOHCM Global Emerging Markets Opportunities Fund Z - Class AUD Ireland IE00B5W6ZB60
Emerging Markets Equities JOHCM Global Emerging Markets Opportunities Fund 21/09/2023 Z - Class CAD CAD Ireland IE00BBPK0L23 1.56 -0.005
Emerging Markets Equities JOHCM Global Emerging Markets Opportunities Fund 21/09/2023 Z - Class GBP GBP Ireland IE00B6R54W91 1.751 -0.001

Dividend Rates

Funds paying quarterly dividends

JOHCM UK Equity Income Fund

Share class Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23
A distributing GBP 3.0863 1.2881 1.9828 3.4453 3.1410 1.8309 2.1053 3.2723
A accumulating GBP 6.6368 2.8152 4.3509 7.6541 7.1149 4.2268 4.9097 7.7197
B distributing GBP  2.8539 1.1897 1.8271 3.1746 2.8895 1.6822 1.9315 3.0000
B accumulating GBP 6.1431 2.6020 4.0228 7.0604 6.5526 3.8884 4.5096 7.0851
Y distributing GBP 2.0833 0.8697 1.3383 2.3274 2.1211 1.2376 1.4237 2.2134
Y accumulating GBP 2.6787 1.1364 1.7602 3.0924 2.8757 1.7088 1.9315 3.1230

Dividends are quoted and paid in pence per share

XD dates: 31 March, 30 June, 30 September and 31 December
Payment dates: 31 May, 31 August, 30 November and 28 February

The quarterly table above shows the last two years net dividends (on a XD 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

All funds have a XD date of 30 June, pay date of 31 August and XD date of 31 December, pay date 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

All funds have a XD date of 31 December and pay date of 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

  • 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
  • 09 Jul 2023

    Emerging Markets Ride Currency Waves

    Favourable US dollar conditions, cautious central banks, and strong trade fundamentals contribute to positive EM outlook

    Read More
  • 13 Jun 2023

    Sound Money Sounds Good

    Decisive monetary policy has brought inflation under control in Mexico and Brazil,helping to lift the value of their currencies and support growth

    Read More
  • 13 May 2023

    Thailand or Turkey?

    As the dust settles after pivotal elections, what has kept us cautious, and what are the prospects for political change

    Read More
  • 18 Apr 2023

    Unknown Mexico

    Economic growth in Mexico is flowing into corporate profits, lifting the equity market.

    Read More
  • 11 Apr 2023

    Semi-Detached

    People, rather than technology, are likely to lead in emerging markets

    Read More
  • 05 Apr 2023

    Changing China's Oil

    Chinese oil demand has largely been correlated with GDP growth, but the nature of that relationship is changing.

    Read More
  • 24 Mar 2023

    China Re-Opening

    There has been a lot of enthusiasm for China re-opening. Is it justified?

    Read More
  • 09 Mar 2023

    Leading and Lagging the Emerging Market Index

    Recent moves within the asset class reveal interesting patterns that may point to potential risk opportunities

    Read More
  • 12 Jan 2023

    Strong dollar, weak dollar

    Emerging markets are dependent on global fund flows, and the currency that flows the most is the dollar

    Read More

Webcasts & Videos

  • Out of China…into Where?

    27 Oct 2023 10:00 AM | 30 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

    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

×