Walter Scott Emerging Markets Fund

Overview

The Walter Scott Emerging Markets Fund provides exposure in your clients’ portfolios to international shares which are selected on a basis of potential compounding wealth and are primarily listed in emerging market countries. The Fund will typically hold a portfolio of between 40 to 70 global stocks.

The Walter Scott Emerging Markets Fund offers:

• exposure to companies which conduct the majority of their business or have the majority of their assets located in emerging markets countries and which typically exhibit strong earnings growth, high return on equity and high free cash flow
• a fundamental approach with deliberate disregard for benchmark indices in portfolio construction
• low turnover, ‘buy and hold’ approach allows time for a company’s earnings growth to translate into strong share price performance for investors.
  

The unique investment strategy of the Walter Scott Emerging Markets Fund may suit investors looking for long term growth, seeking to invest for five years or longer. The minimum application for the Walter Scott Emerging Markets Fund is $20,000.

Tools

PDS	Fact sheet	Fund review

 

Features

Fund name	Walter Scott Emerging Markets Fund
Investment manager	Walter Scott & Partners Limited, Edinburgh
Investment objective	To seek to achieve a long-term (five years or longer) total return that exceeds the MSCI Emerging Markets Index in $A dollars unhedged with net dividends reinvested
Investment approach	The fund will only invest in companies offering high earnings growth potential that Walter Scott believes warrants long-term investment and which are primarily listed in emerging market countries
Asset allocation	International shares: 95% to 100% Cash: 0% to 5%
Minimum investment	$20,000
Distributions	Paid annually as at 30 June, if any
Applications	Daily
Withdrawals	Daily
Entry fee	Nil
Exit fee	Nil
Benchmark	MSCI Emerging Markets Index in $A (unhedged) with net dividends re-invested
Buy/sell spreads	+0.31%/-0.30%
Number of stocks	Generally 40-70
Management fees	1.38% pa (inclusive of GST)

 

About Walter Scott

Walter Scott & Partners Limited (Walter Scott) are based in the United Kingdom and have been managing global equities since 1983, and emerging markets since 1997. As at 29 February 2012, they manage $A49.1 billion in assets for their clients globally, and specialise in managing assets for a range of institutional clients, including pension funds, foundations, corporations and governments.

Walter Scott’s investment process focuses on companies that offer strong wealth generation potential. These companies typically exhibit key strengths such as:

• strong earnings growth
• high return on equity
• high free cash flow.

Stocks are selected using a bottom-up investment approach, driven by in-depth financial analysis and qualitative research, that aims to identify companies capable of generating high earnings growth. Walter Scott expect that, on average and based on long term experience, up to 25 per cent of the stocks in this Fund’s portfolio will typically be turned over each year which reflects their long-term ‘buy and hold’ approach.
The investment portfolio is constructed with a primary focus on stock-based analysis. Country and sector exposures are a consequence of the search for what are, in Walter Scott’s view, “the best companies operating in the best sectors”. As a result of this investment approach, the structure of the portfolio is likely to differ substantially from the composition of the benchmark index.

Research

Researcher	Rating
Lonsec	Recommended ∼

 

How to invest

Apply now

To invest in the Walter Scott Emerging Markets Fund:
download and read the Walter Scott Emerging Market Fund Product Disclosure Statement (PDS)

1. complete the Walter Scott application form which is in the back of the PDS
2. ensure any additional identification requirements are completed

3. send the completed application form and the additional required paperwork to:

   Macquarie
   GPO Box 2912
   Brisbane QLD 4001
   Or fax to 1800 219 334

Enquiries

If you have any questions regarding the application process please contact us on:
Financial advisers
Phone 1800 214 616

Or click here to be contacted by a Macquarie Business Development Manager.

Institutional investors
Phone 02 8232 2332

Master trusts and wrap operators
Phone 1800 214 616

Prospective investors
Call your financial adviser or Macquarie on 1800 214 616