OptiMix Global Emerging Markets Shares
Features
Information
Investment minimums
Pricing
Standard risk measure
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | |
|---|---|---|---|---|---|---|---|
| Standard Risk Measure |
A Standard Risk Measure score of 7 equates to a Risk Label of 'Very High' and an estimated number of negative annual returns over any 20 year period of 6 or Greater. This is a measure of expected frequency (not magnitude) of capital losses, calculated in accordance with ASFA/FSC guidelines.
Investment objective
The fund aims to achieve returns (before fees, charges and taxes) that exceed the MSCI Emerging Markets (Free) Index ($A unhedged), over periods of five years or more.
Investment strategy
The fund invests predominantly in a diversified portfolio of shares in global emerging markets through a mix of managers. The fund is actively managed in accordance with the OptiMix Multi-manager investment process.
Investor profile
The Fund is intended to be suitable for investors seeking a diversified portfolio of Global emerging market shares.
Research house ratings
Rating
Meet the manager(s)
Cumulative performance
| 3 months | 6 months | Year to date | 1 year | 3 years pa | 5 years pa | ||
|---|---|---|---|---|---|---|---|
| Fund | 2.11% | 6.35% | 6.35% | 3.83% | -1.40% | -0.77% | |
| FE Sector | 1.87% | 6.95% | 6.95% | 7.72% | 2.40% | 1.51% |
Calendar Performance
| 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 | 31/12/2018 | ||
|---|---|---|---|---|---|---|
| Fund | -21.78% | 1.13% | -0.67% | 17.54% | -4.11% | |
| FE Sector | -16.03% | 2.77% | 3.40% | 17.19% | -5.02% |
Performance is net of management costs and expenses. Performance is based on exit price to exit price for the period and assumes that all distributions are reinvested. Management costs and other expenses are accounted for in the exit price. Past performance is not a reliable indicator of future performance.
The performance data has been sourced by FE fundinfo.
Asset allocation as at 30/06/2023
| Emerging Markets | 100.00% |
Actual versus target asset allocation as at 30/06/2023
Regional breakdown as at 31/12/2022
| Asia Pacific ex Japan | 63.36% |
| North America | 15.72% |
| Other | 9.64% |
| Global Emerging Markets | 9.28% |
| Europe ex UK | 1.11% |
| UK | 0.88% |
Top holdings - as at 31/12/2022
Market and portfolio review
For the month of December 2022
Global emerging equity markets faced volatility during the quarter with a sharp rally from mid November on the back of some policy changes, particularly to their existing 'zero Covid' restrictions. The Fund underperformed the benchmark over the quarter by 1.9% with William Blair, Intrinsic and TT Intl all detracting from performance. Neuberger performed slightly above benchmark.
Market volatility continued in the fourth quarter of 2022 as investors weighed the impact of inflation and the risk of recession in the world's major economies against hopes that the efforts by central banks to control inflation may be starting to succeed. This provides a stark reminder to investors that events impacting the global economy and financial markets are becoming increasingly difficult to predict. The result will and has been increased volatility and diverging company performance. At such times, the merits of business models that can outperform against difficult backdrops are often underappreciated. Given the volatility within global emerging equity markets the benchmark returned negative 14.33% for the past year. This was predominantly driven by underperforming China (regulations), as well as the Russian invasion of the Ukraine in February 2022.
The Fund underperformed for the year. This was led by Intrinsic (smaller cap orientation), William Blair (less cyclical exposure) and TT international (China exposure).
Future investment strategy
For the month of December 2022
The exposure to high quality companies with sustainable growth in emerging markets should bode well for the medium to longer term. It is anticipated these stocks will continue to perform during both a highly volatile period driven by COVID related issues, as well through to the longer term.
This website contains general advice only and does not take into account your financial circumstances, needs and objectives. Before making any decision based on this information, you should assess your own circumstances or seek advice from a financial adviser. You should obtain and consider a copy of the relevant Product Disclosure Statement (PDS) or offer document available from us or your financial adviser, before you acquire a financial product.
OneAnswer Frontier Pension is issued by OnePath Custodians Pty Limited (OnePath Custodians) ABN 12 008 508 496 AFSL 238346.
The information provided in this table is a brief outline of the major features of OneAnswer Frontier Pension. It is intended as a quick and easy reference source for investors. The table should not be used as a substitute for reading the appropriate Product Disclosure Statement (PDS) prior to you making any decision to invest through OneAnswer Frontier Pension.
This information is of a general nature and has been prepared without taking into account of your objectives, financial situation or needs. You should consider whether the information is appropriate for you having regard to your objectives, financial situation and needs. We recommend that you read the relevant Product Disclosure Statement (PDS) available here, or by calling 133 665 before deciding whether to acquire, or to continue to hold, the product.
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