Emerging Markets Equity Trust
Emerging Markets Equity Trust
- Investment Report |
- AU PDS |
- NZ PDS |
- Fact Sheet |
Investment Objective
The Trust aims to seek capital appreciation over the longer term by investing in a diversified portfolio of global shares that have exposure to Emerging Markets and aims to outperform the MSCI Emerging Markets Index (net dividends reinvested), unhedged, measured in AUD, over a full market cycle before taking into account fees, taxes and expenses.
Investment Focus
Focused on understanding company fundamentals, their operating environment and earnings prospects while mindful of valuations
Globally diversified among emerging markets
Experienced portfolio management team benefits from collaborative global investment platform
Trust Facts
- Inception Date 27-Sep-2012
- ARSN 157 689 668
- APIR ETL0334AU
- Net Assets (AUD M) As of 31-Oct-25 AUD17.87
- Exit Price As of 05-Dec-25 AUD1.7556
- Most Recent Exit Price Change As of 05-Dec-25 AUD0.0008 | 0.05%
- Management Fee 0.90%
- Buy/Sell Spread 0.35%
- Benchmark MSCI Emerging Markets Index (net div)
Managers
Top 10 Holdings
As of 31-Oct-25
- TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
- TENCENT HOLDINGS LTD
- SAMSUNG ELECTRONICS CO LTD
- ALIBABA GROUP HOLDING LTD
- ASE TECHNOLOGY HOLDING CO LTD
- HON HAI PRECISION INDUSTRY CO LTD
- HDFC BANK LTD
- KOTAK MAHINDRA BANK LTD
- CHINA CONSTRUCTION BANK CORP
- MEITUAN (EQ)
Important Risk Considerations
All investments carry risks. Different investment strategies may carry different levels of risk, depending on the assets acquired under the strategy.
Please see the Product Disclosure Statement and Reference Guide for detailed risk considerations.
Lionel Gomez, CFA
Portfolio Manager
Lionel Gomez is an investment officer and equity portfolio manager for the International Small-Mid Cap strategy at MFS Investment Management® (MFS®). In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the research process and strategy discussions. He is based in Singapore. Lionel joined MFS in 2013 as an equity research analyst and assumed portfolio management responsibilities in 2021. He previously served as a portfolio manager at Nomura Asset Management for three years and a deputy fund manager at Deutsche Asset Management Asia for four years. Lionel earned a Bachelor of Science degree in engineering from the University of Michigan.
Rajesh Nair
Portfolio Manager
Rajesh R. Nair is an investment officer and equity research analyst at MFS Investment Management® (MFS®). In this role, he is responsible for identifying the most attractive investment opportunities in his assigned universe and works closely with portfolio managers to ensure ideas are properly positioned within portfolios. He is based in the firm's Singapore office. Before joining MFS in 2008, Rajesh worked at Credit Suisse, Holt Value Associates as director of Holt sales for seven years. Before that, he spent one year as an analyst at Deutsche Bank -- Regional Head Office and two years as project manager at System Access. He also served as an associate consultant at Citicorp Software for three years. He began his career in the financial services industry in 1996. Rajesh earned his bachelor's degree in electrical engineering from University of Calicut. He also holds a Master of Business Administration degree from London Business School.
Greg Johnsen, CFA
Institutional Portfolio Manager
Gregory A. Johnsen, CFA, is an investment officer and institutional equity portfolio manager at MFS Investment Management (MFS). In this role, he participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines and manages daily cash flows. He is also responsible for communicating investment policy, strategy and positioning.
Gregory joined MFS in 2019 in his current role following seven years as director and institutional portfolio manager for Parametric Portfolio Associates. Previously, he served as vice president, associate partner and investment director for Wellington Management for eleven years and vice president and portfolio advisor for American Century Investment Management for three years. Prior to that, he was a founding member at DiMeo Schneider & Associates, serving for two years. He began his career in financial services in 1985 with additional roles held at Kidder, Peabody & Company; the Chicago Board Options Exchange; and New Windsor Associates.
Gregory earned a Bachelor of Science degree in economics from the University of Minnesota and a Master of Business Administration degree from the University of Chicago's Booth School of Business. He is a member of the CFA Society Boston.
Sanjay Natarajan
Institutional Portfolio Manager
Sanjay Natarajan is an investment officer and institutional equity portfolio manager at MFS Investment Management® (MFS®). His responsibilities include communicating investment policy, strategy and positioning and participating in the research process and strategy discussions. His role also includes assessing portfolio risk, customizing portfolios to client objectives and guidelines and managing daily cash flows. He is based in the firm's Singapore office.
Prior to joining the firm in 2007, Sanjay worked for DBS Bank Ltd. (Asia), holding various roles, including serving as COO of Global Corporate and Investment Banking. He also previously worked at McKinsey and Company, k1 Ventures and the Singapore Economic Development Board. He began his career in 1996.
Sanjay earned a bachelor's degree from Dartmouth College and a master's degree from Harvard University.
Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration and active risk management.
Performance
Total Return (%)
As of 30-Sep-25
(*YTD Updated Monthly, As of 30-Nov-25 , subject to revision and not annualized.)
Important Performance Information
Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.
Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.
Past performance is not a reliable indicator of future performance. Net-of-fees performance is based on end-of-month redemption prices after the deduction of fees and expenses and the reinvestment of all distributions. Gross-of-fees performance is the net return with fees and expenses added back. Figures include changes in principal value. Investment return and principal value will vary, and an account may be worth more or less at termination than at inception.
Source: Benchmark performance from SPAR, FactSet Research Systems Inc.
Annual Performance (%)
As of 31-Dec-24
|Benchmark: MSCI Emerging Markets Index (net div)
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross of Fees | -0.64 | 10.89 | 29.19 | -3.24 | 22.13 | 2.18 | 0.48 | -16.57 | 12.45 | 30.60 |
| Net of Fees | -1.53 | 9.91 | 28.04 | -4.11 | 21.04 | 1.27 | -0.42 | -17.32 | 11.45 | 29.44 |
| MSCI Emerging Markets Index (net div) | -4.30 | 11.72 | 27.09 | -5.08 | 18.60 | 7.77 | 3.44 | -14.33 | 9.15 | 18.48 |
| at NAV | MSCI Emerging Markets Index (net div) | |
|---|---|---|
| 2024 | 30.6 | 18.48 |
| 2023 | 12.45 | 9.15 |
| 2022 | -16.57 | -14.33 |
| 2021 | 0.48 | 3.44 |
| 2020 | 2.18 | 7.77 |
| 2019 | 22.13 | 18.6 |
| 2018 | -3.24 | -5.08 |
| 2017 | 29.19 | 27.09 |
| 2016 | 10.89 | 11.72 |
| 2015 | -0.64 | -4.3 |
Pricing History
- Exit Price at Close of Trading on: 05-Dec-25
- Exit Price: AUD 1.7556
- Change (AUD) (since 04-Dec-25): 0.0008
- Change (%) (since 04-Dec-25): 0.05
- Market Price (MP):
Historical Exit Price may not be available for all dates.
Historical MP may not be available for all dates.
-
Overview
Investment Objective
The Trust aims to seek capital appreciation over the longer term by investing in a diversified portfolio of global shares that have exposure to Emerging Markets and aims to outperform the MSCI Emerging Markets Index (net dividends reinvested), unhedged, measured in AUD, over a full market cycle before taking into account fees, taxes and expenses.
Investment Focus
Focused on understanding company fundamentals, their operating environment and earnings prospects while mindful of valuations
Globally diversified among emerging markets
Experienced portfolio management team benefits from collaborative global investment platform
Trust Facts
- Inception Date 27-Sep-2012
- ARSN 157 689 668
- APIR ETL0334AU
- Net Assets (AUD M) As of 31-Oct-25 AUD17.87
- Exit Price As of 05-Dec-25 AUD1.7556
- Most Recent Exit Price Change As of 05-Dec-25 AUD0.0008 | 0.05%
- Management Fee 0.90%
- Buy/Sell Spread 0.35%
- Benchmark MSCI Emerging Markets Index (net div)
Managers
Top 10 Holdings
As of 31-Oct-25
- TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
- TENCENT HOLDINGS LTD
- SAMSUNG ELECTRONICS CO LTD
- ALIBABA GROUP HOLDING LTD
- ASE TECHNOLOGY HOLDING CO LTD
- HON HAI PRECISION INDUSTRY CO LTD
- HDFC BANK LTD
- KOTAK MAHINDRA BANK LTD
- CHINA CONSTRUCTION BANK CORP
- MEITUAN (EQ)
Important Risk Considerations
All investments carry risks. Different investment strategies may carry different levels of risk, depending on the assets acquired under the strategy.
Please see the Product Disclosure Statement and Reference Guide for detailed risk considerations.
Lionel Gomez, CFA
Portfolio Manager
20YEARS WITH INDUSTRY
1YEAR WITH PORTFOLIOLionel Gomez is an investment officer and equity portfolio manager for the International Small-Mid Cap strategy at MFS Investment Management® (MFS®). In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the research process and strategy discussions. He is based in Singapore. Lionel joined MFS in 2013 as an equity research analyst and assumed portfolio management responsibilities in 2021. He previously served as a portfolio manager at Nomura Asset Management for three years and a deputy fund manager at Deutsche Asset Management Asia for four years. Lionel earned a Bachelor of Science degree in engineering from the University of Michigan.
Rajesh Nair
Portfolio Manager
30YEARS WITH INDUSTRY
4YEARS WITH PORTFOLIORajesh R. Nair is an investment officer and equity research analyst at MFS Investment Management® (MFS®). In this role, he is responsible for identifying the most attractive investment opportunities in his assigned universe and works closely with portfolio managers to ensure ideas are properly positioned within portfolios. He is based in the firm's Singapore office. Before joining MFS in 2008, Rajesh worked at Credit Suisse, Holt Value Associates as director of Holt sales for seven years. Before that, he spent one year as an analyst at Deutsche Bank -- Regional Head Office and two years as project manager at System Access. He also served as an associate consultant at Citicorp Software for three years. He began his career in the financial services industry in 1996. Rajesh earned his bachelor's degree in electrical engineering from University of Calicut. He also holds a Master of Business Administration degree from London Business School.
Greg Johnsen, CFA
Institutional Portfolio Manager
40YEARS WITH INDUSTRY
7YEARS WITH PORTFOLIOGregory A. Johnsen, CFA, is an investment officer and institutional equity portfolio manager at MFS Investment Management (MFS). In this role, he participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines and manages daily cash flows. He is also responsible for communicating investment policy, strategy and positioning.
Gregory joined MFS in 2019 in his current role following seven years as director and institutional portfolio manager for Parametric Portfolio Associates. Previously, he served as vice president, associate partner and investment director for Wellington Management for eleven years and vice president and portfolio advisor for American Century Investment Management for three years. Prior to that, he was a founding member at DiMeo Schneider & Associates, serving for two years. He began his career in financial services in 1985 with additional roles held at Kidder, Peabody & Company; the Chicago Board Options Exchange; and New Windsor Associates.
Gregory earned a Bachelor of Science degree in economics from the University of Minnesota and a Master of Business Administration degree from the University of Chicago's Booth School of Business. He is a member of the CFA Society Boston.
Sanjay Natarajan
Institutional Portfolio Manager
29YEARS WITH INDUSTRY
11YEARS WITH PORTFOLIOSanjay Natarajan is an investment officer and institutional equity portfolio manager at MFS Investment Management® (MFS®). His responsibilities include communicating investment policy, strategy and positioning and participating in the research process and strategy discussions. His role also includes assessing portfolio risk, customizing portfolios to client objectives and guidelines and managing daily cash flows. He is based in the firm's Singapore office.
Prior to joining the firm in 2007, Sanjay worked for DBS Bank Ltd. (Asia), holding various roles, including serving as COO of Global Corporate and Investment Banking. He also previously worked at McKinsey and Company, k1 Ventures and the Singapore Economic Development Board. He began his career in 1996.
Sanjay earned a bachelor's degree from Dartmouth College and a master's degree from Harvard University.
Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration and active risk management. -
Performance
Performance
Total ReturnTotal Return (%)
Monthly | QuarterlyAs of 30-Sep-25
(*YTD Updated Monthly, As of 30-Nov-25 , subject to revision and not annualized.)MORNINGSTAR RATINGImportant Performance Information
Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.
Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.
Past performance is not a reliable indicator of future performance. Net-of-fees performance is based on end-of-month redemption prices after the deduction of fees and expenses and the reinvestment of all distributions. Gross-of-fees performance is the net return with fees and expenses added back. Figures include changes in principal value. Investment return and principal value will vary, and an account may be worth more or less at termination than at inception.
Source: Benchmark performance from SPAR, FactSet Research Systems Inc.
Annual PerformanceAnnual Performance (%)
As of 31-Dec-24
|Benchmark: MSCI Emerging Markets Index (net div)
annual rate of return table 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Gross of Fees -0.64 10.89 29.19 -3.24 22.13 2.18 0.48 -16.57 12.45 30.60 Net of Fees -1.53 9.91 28.04 -4.11 21.04 1.27 -0.42 -17.32 11.45 29.44 MSCI Emerging Markets Index (net div) -4.30 11.72 27.09 -5.08 18.60 7.77 3.44 -14.33 9.15 18.48 at NAV MSCI Emerging Markets Index (net div) 2024 30.6 18.48 2023 12.45 9.15 2022 -16.57 -14.33 2021 0.48 3.44 2020 2.18 7.77 2019 22.13 18.6 2018 -3.24 -5.08 2017 29.19 27.09 2016 10.89 11.72 2015 -0.64 -4.3 PricingPricing History
- Exit Price at Close of Trading on: 05-Dec-25
- Exit Price: AUD 1.7556
- Change (AUD) (since 04-Dec-25): 0.0008
- Change (%) (since 04-Dec-25): 0.05
- Market Price (MP):
Maximum data displayed is for the most recent 10 yearsHistorical Exit Price LookupEnter date for which you wish to obtain a Historical Exit Price for this fundHistorical Exit Price may not be available for all dates.
Historical MP LookupEnter date for which you wish to obtain a Historical MP for this fundHistorical MP may not be available for all dates.