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AXA Rosenberg Global Emerging Markets Equity Alpha Fund
Last NAV 19.2700 GBP as of 31/03/20
The aim of the Sub-Fund is to provide long-term capital growth with a total annual return on investment (generated through an increase in the value of the shares held by the Sub-Fund and/or income received from those shares) of approximately 2% including all fees/expenses above the annual return of the MSCI Emerging Markets (EM) Index on a rolling three year basis.The MSCI Emerging Markets (EM) Index is designed to measure the performance of shares of companies listed on stock exchanges of emerging market countries in the world.
Synthetic Risk & Reward Information scale
The risk category is calculated using historical performance data and may not be a reliable indicator of the Sub-Fund's future risk profile. The risk category shown is not guaranteed and may shift over time. The lowest category does not mean risk free.
Why is this Fund in this category?
Fund manager comment : 29/02/20
Global equity markets sold off as the coronavirus outbreak worsened outside of China; emerging markets, however, performed better than their developed counterparts but still fell -5.3% in USD terms, as measured by the MSCI Emerging Markets index. The Fund outperformed its benchmark, net of fees and expenses applicable to the A USD share class. Style exposures went unrewarded over the month, with the portfolio’s emphasis on lowly-valued companies being particularly challenged as investors once again gravitated towards growth stocks. Industry-wise the underweight relative to benchmark in oil integrated stocks contributed positively to relative returns given the sector’s particularly weakness. Not owning, Petrol Braisileiros, Lukoil and Vale featured among the top stock contributors to relative returns. Stock selection in aggregate was positive, with top stock picks coming from the financials and industrials sector although offset to some extent by weaker stock picks coming from communication services and technology sectors.
|Performance indicator||Start date||End date|
|Performance table||Net performance||Performance indicator||Start date||End date|
|Risk table||Fund volatility||Benchmark volatility||Tracking error||Information ratio||Sharpe ratio||Beta||Alpha|
|First NAV date||30/06/06|
|Asset class||ROSENBERG EQUITIES|
|Legal authority||Central Bank of Ireland|
|Fund Manager||Anubhuti GUPTA|
|Investment team||MT AXA Rosenberg 4|
|Investment area||Global Emerging Markets|
|Legal form||Unit Trust|
Subscription and redemption
The subscription, conversion or redemption orders must be received by the Registrar and Transfer Agent, no later than 1 p.m. Irish time one business day before the relevant Dealing (business) Day. Orders will be processed at the Net Asset Value calculated for that Dealing Day.Please note that there may be additional processing time if your order is placed via intermediaries such as platforms, financial advisors or distributors.The Net Asset Value of this Sub-Fund is calculated on a daily basis. Minimum initial investment: £100,000 Minimum subsequent investment: £5,000