Walter Scott Emerging Markets Fund
Macquarie Professional Series
Features and benefits
The Walter Scott Emerging Markets Fund provides exposure in your portfolio to international shares which are selected on a basis of potential compounding wealth and are primarily listed in emerging market countries. The Fund holds a portfolio of between 40 to 70 global stocks.
- 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.
About Walter Scott
Walter Scott & Partners Limited ("Walter Scott") is based in the United Kingdom and have been managing global equities since 1983. At 31 October 2012 it currently manages $A53.8 billion in assets for its clients globally and specialises 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, 15 to 25 per cent of the stocks in the fund’s portfolio will 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.
More information
| Fund Name | Walter Scott Emerging Markets Fund |
| Investment manager | Walter Scott Partners Limited, Edinburgh |
| Investment objective | To seek to achieve a long-term (for five years or longer) total return that exceeds the MSCI World ex-Australia Index in $A dollars unhedged with net dividends reinvested |
| Investment approach | The Fund will only invest in companies offering high earnings growth that Walter Scott believes warrant long-term investment |
| 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 |
| Number of stocks | Generally 40-70 |
| Portfolio turnover | 25% or less per annum |
| Management fee | 1.38% pa (inclusive of GST) |
| Buy/sell spreads | +31%/-0.30% |
Brochures and forms
Performance
- View historical performance
- View latest unit prices
- Fund review
- Quarterly fund review
- Annual report
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Did you know...
You can invest your super in international shares with SuperOptions, your simple but flexible superannuation plan.