Strategy overview
Emerging & Frontier Markets
An Emerging-Market Equity Strategy with Managed China Sizing, Explicit India, Brazil & Korea Positions and Small-Cap & Frontier Sleeves
01
Overview
Investor Profile
The highest risk-tolerance, highest long-term return-potential strategy in the range. Suited to investors with maximum risk tolerance and a 5-10 year horizon.
Strategy
The strategy holds China at a deliberately managed weight rather than an index-driven one, and adds small-cap and frontier-market sleeves to diversify away from the standard emerging-market benchmark's heavy concentration in mega-cap technology. All positions are currency-unhedged.
02
composition
Broad EM Core
A broad emerging-market core anchors the strategy.
35%
EM ex-China
Diversifies away from standard benchmark China concentration.
20%
India Large Cap
An explicit, meaningfully overweighted India position.
10%
Brazil Large Cap
An explicit, meaningfully overweighted Brazil position.
10%
EM Small Cap
Diversifies away from mega-cap technology concentration.
10%
Frontier Markets — Vietnam, Kazakhstan, Romania, Nigeria
Frontier exposure further diversifies the standard benchmark.
10%
South Korea
An explicit South Korea position.
03
key considerations
01 Semiconductor Concentration
Look-through exposure to Taiwan and Korea semiconductor names is significant, so a shock to global chip demand would be felt broadly.
02 China Sizing
China is deliberately sized below its weight in standard benchmarks — an active choice, not an oversight.
03 Country Overweights
India and Brazil are meaningfully overweighted relative to standard benchmarks, adding governance, currency, and commodity sensitivity.
04 Frontier Liquidity
Frontier markets trade with wider spreads and less liquidity than developed or core emerging markets.
Investors should consider the strategy’s investment objectives, risks, and fees before investing. All investments involve risk, including possible loss of principal. Target asset class weights are subject to change over time based on market conditions and portfolio management discretion. Past performance is not indicative of future results. Certain holdings carry limited liquidity; redemptions may not be available on a daily basis for all asset classes. This information is for informational and illustrative purposes only and is not investment advice, a solicitation, or an offer to buy or sell any security.
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