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NS Partners Global Emerging Markets Equity

Product Highlights

  • Portfolio Manager average tenure over 17 years
  • Philosophical commitment to liquidity analysis
  • Fundamental approach, Economic Value Added (EVA®) discipline
  • Focus on medium and large cap companies with a bias towards quality/growth
  • Regional portfolio construction
  • Blend of alpha sources: market allocation and stock selection

Investment Objectives

  • Long-term growth through investments in equity securities listed on emerging markets stock exchanges
  • Return Objective: MSCI Emerging Markets Index + 3-5% per annum over a market cycle
  • Risk Objective: 4-6% tracking error relative to MSCI Emerging Markets Index

Philosophy

  • Added value can be achieved through fundamental research, macro-liquidity insights and active portfolio management
  • Seek companies with durable growth, generating high ROIC and earnings momentum
  • Focus on companies in countries where economic, political and liquidity conditions are improving

Process

  • Interpret structural and cyclical liquidity fueled themes
  • Systematic and disciplined combination of country and regional analysis coupled with bottom-up stock selection based on economic profitability
  • Three key research components:
    • Stock: EVA® methodology is used to identify companies with strong fundamentals, high return on invested capital and attractive valuation
    • Country: Country and regional analysis encompassing macro-economic analysis with focus on liquidity as well as an assessment of political risk
    • Sector & Industry: As a function of stock selection, global industry analysis is used to identify companies likely to benefit from structural changes in the market
  • Risk Controls – Liquidity analysis meters aggressive/defensive positioning. Risk attribution system quantifies stock, sector and regional allocations
Quick Facts
Inception Date March 31, 1996
All data as at: Feb 22, 2018
Geographic Mix
% of Portfolio
China 29.76%
India 10.84%
Korea, Republic of 10.25%
Taiwan 8.64%
South Africa 5.84%
Russian Federation 5.57%
Brazil 5.21%
Mexico 3.89%
Thailand 3.73%
Philippines 3.08%
Malaysia 2.13%
Hong Kong 1.77%
Vietnam 1.73%
Chile 1.65%
Poland 1.64%
Indonesia 0.89%
Czech Republic 0.79%
Hungary 0.73%
Peru 0.72%
Romania 0.58%
Greece 0.56%
Sector Allocation
% of Portfolio
Financials 34.92%
Information Technology 21.03%
Consumer Discretionary 15.55%
Consumer Staples 8.08%
Materials 6.45%
Energy 4.23%
Industrials 3.36%
Cash 2.33%
Utilities 2.11%
Health Care 1.25%
Real Estate 0.37%
Telecommunication Services 0.31%

Contact Us

+44 (0) 203-535-8100
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