September, 2023
The Russell Investments Emerging Markets Fund underperformed the benchmark on a gross of fees and tax basis in the September quarter.
Contributing to the Fund’s underperformance was poor stock selection in Brazil, including overweights to department store Lojas Renner S.A. and Localiza Rent a Car S.A. Both stocks recorded sharp declines for the quarter. Stock selection in China also weighed on returns; notably underweights to Alibaba Group and social platform Kuaishou Technology. Performance was further impacted by an underweight to Turkey, which significantly outperformed the broader market over the period. In contrast, the Fund benefited from its exposure to momentum stocks. An underweight exposure and strong stock selection in Taiwan also added value, including a material underweight to Taiwan Semiconductor Manufacturing Co. Stock selection in Saudi Arabia added further value over the period; notably an overweight to information security company Elm Co., which gained almost 35% for the quarter.
During the quarter, we removed Neuberger Berman from the Fund’s underlying manager line up and replaced them with growth-oriented manager Sands Capital Management and value-oriented manager Pzena Investment Management.
Moving forward, the Fund maintains modest tilts toward value and momentum, which is in line with our preferred strategic positioning. The Fund also holds a bias toward small cap stocks. Elsewhere, the Fund is overweight China and Brazil and holds a modest exbenchmark exposure to Vietnam. We also remain underweight India, Taiwan and Saudi Arabia; countries where our managers do not find as many attractive opportunities.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/Russell_Investments_Emerging_Markets_Fund-Class_A-English-RetIntEq-AUD-1-2.pdfAugust, 2023
Stock selection in Taiwan contributed positively to performance over the period, including overweights to Accton Technology Corp. and ASUSTeK Computer, Inc. Both stocks posted strong gains for the month. The Fund also benefited from stock selection in South Korea; notably underweights to poor-performing names like battery manufacturer EcoPro and chemicals company POSCO Future M. Stock selection in China added further, albeit modest, value over the period. This included underweights to electric car maker NIO, Inc., e-commerce platform JD.com and fellow shopping platform Meituan. In contrast, stock selection in Hong Kong detracted from overall performance in August; notably exbenchmark holdings in maritime transport company Pacific Basin Shipping Ltd. and hotel and casino operator Galaxy Entertainment Group. Our underweight exposures to Turkey and India also weighed on returns; the latter including an underweight to information technology consulting firm Infosys. Performance was further impacted by stock selection within the materials space; notably an overweight to South African gold miner AngloGold Ashanti.
Moving forward, the Fund retains an overweight to China. Elsewhere, the Fund is overweight Brazil and Vietnam and underweight India, Taiwan and Saudi Arabia; countries where our managers do not find as many attractive opportunities. The Fund also maintains modest tilts toward value and momentum stocks, which is in line with our preferred strategic positioning, as well as biases toward small caps and growth names.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/Russell_Investments_Emerging_Markets_Fund-Class_A-English-RetIntEq-AUD-4-1.pdfJuly, 2023
Contributing to the Fund’s underperformance was poor stock selection in China; notably underweights to consumer-related names like Meituan, Alibaba Group and car maker NIO. Stock selection in South Korea also weighed on returns. This included overweights to Kia Corp. and Samsung Electronics; both of which significantly underperformed the broader market in July. Performance was further impacted by stock selection in Brazil, including an underweight to iron ore major Vale S.A. In contrast, the Fund benefited from our long-held underweights to Saudi Arabia, India and Taiwan. Stock selection in Hong Kong also added value in July. This included overweights to Galaxy Entertainment Group, Orient Overseas International and Geely Automobile. Stock selection in Mexico added further value; notably an overweight to bank Grupo Financiero Banorte, S.A.B. de C.V., which climbed more than 15% for the month. In terms of strategic factor positioning, our preference for small cap, value and momentum stocks contributed positively to performance over the period.
Moving forward, the Fund retains an overweight to China. Elsewhere, the Fund is overweight Brazil and Vietnam and underweight India, Taiwan and Saudi Arabia; countries where our managers do not find as many attractive opportunities. The Fund also maintains modest tilts toward value and momentum stocks, which is in line with our preferred strategic positioning, as well as biases toward small caps and growth names.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/Russell_Investments_Emerging_Markets_Fund-Class_A-English-RetIntEq-AUD-13.pdfJune, 2023
The Russell Investments Emerging Markets Fund underperformed the benchmark on a gross of fees and tax basis in the June quarter.
Contributing to the Fund’s underperformance was an overweight exposure and poor stock selection in China, including overweights to China Tourism Group Duty Free Corp. and LONGi Green Energy Technology Co. An underweight to India also weighed on returns; notably underweights to Housing Development Finance, Bajaj Finance and telco Bharti Airtel. Performance was further impacted by an underweight to Taiwan, including an underweight to Taiwan Semiconductor Manufacturing Co. Other notable positions to impact returns were overweights to South African miner AngloGold Ashanti and Hong Kong’s Galaxy Entertainment Group. In contrast, the Fund benefited from an overweight exposure and strong stock selection in Brazil, including an overweight to Petróleo Brasileiro S.A. and an underweight to iron ore major Vale S.A. Stock selection in South Korea also added value; notably an overweight to chip maker SK hynix. In terms of strategic factor positioning, our preferences for value and momentum stocks added further value over the period.
Moving forward, the Fund maintains modest tilts toward value and momentum, which is in line with our preferred strategic positioning. The Fund also holds a bias toward small cap stocks. Elsewhere, the Fund is overweight China and Brazil and holds a modest exbenchmark exposure to Vietnam. We also remain underweight India, Taiwan and Saudi Arabia; countries where our managers do not find as many attractive opportunities.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/Russell_Investments_Emerging_Markets_Fund-Class_A-English-RetIntEq-AUD-3-1.pdfMay, 2023
Contributing to the Fund’s underperformance was an underweight exposure and poor stock selection in India. This included underweights to Infosys and Hindustan Unilever; both of which recorded strong gains for the month. An overweight to the poor-performing Hong Kong market also weighed on returns; notably an ex-benchmark holding in hotel and casino operator Galaxy Entertainment Group. Performance was further impacted by poor stock selection in China, including overweights to Zijin Mining Group Co. and Aluminum Corporation of China. In contrast, the Fund benefited from an overweight exposure and positive stock selection in Brazil; notably an underweight to iron ore major Vale S.A., which fell in line with lower iron ore prices. Stock selection in South Africa also added value in May, including underweights to publishing company Naspers and global gold miner AngloGold Ashanti. Both stocks posted sharp declines for the month. In terms of strategic factor positioning, our preference for small caps and growth names contributed positively to performance over the period; though this was partly offset by our value bias.
Moving forward, the Fund retains an overweight to China. Elsewhere, the Fund is overweight Brazil and Mexico and underweight Saudi Arabia, India and Taiwan; countries where our managers do not find as many attractive opportunities. The Fund also maintains modest tilts toward value and momentum stocks, which is in line with our preferred strategic positioning, as well as biases toward small caps and growth names.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/Russell_Investments_Emerging_Markets_Fund-Class_A-English-RetIntEq-AUD-1-1.pdfApril, 2023
Contributing to the Fund’s underperformance was an overweight exposure and poor stock selection in China, including overweights to interactive media company Baidu and industrials stocks Weichai Power Co. and Shenzhen Inovance Technology Co.
All three stocks posted sharp declines for the month. Stock selection in Taiwan also weighed on returns in April; notably our holdings in semiconductor names Taiwan Semiconductor Manufacturing Co. and MediaTek. Performance was further impacted by underweights to India and Saudi Arabia; both of which recorded good gains over the period. In contrast, the Fund benefited from an overweight exposure and positive stock selection in Brazil; notably an underweight to iron ore major Vale S.A., which fell in line with lower iron ore prices. Stock selection amongst South African miners also added value in April, including an overweight to global gold mining company AngloGold Ashanti.
In terms of strategic factor positioning, our preference for value stocks and small caps contributed positively to performance over the period; though this was offset by poor stock selection amongst both factors. Moving forward, the Fund retains an overweight to China. Elsewhere, the Fund is overweight Brazil and Mexico and underweight Saudi Arabia, India and Taiwan; countries where our managers do not find as many attractive opportunities.
The Fund also maintains modest tilts toward value and momentum, which is in line with our preferred strategic positioning, and a bias toward small caps.
File:March, 2023
The Russell Investments Emerging Markets Fund outperformed the benchmark on a gross of fees and tax basis in the March quarter. Contributing to the Fund’s outperformance was an underweight exposure and strong stock selection in India. This included nil holdings in Adani Total Gas and Adani Enterprises. Stock selection in Taiwan also added value over the period; notably our holdings in strong-performing technology names like United Microelectronics Corp. and Taiwan Semiconductor Manufacturing Co. Partly offsetting these positions was our broader underweight to the country.
Other notable positions to add value were overweights to South Korean car maker Kia Corp. and Argentine e-commerce platform MercadoLibre. In contrast, an overweight exposure and poor stock selection in Brazil detracted from overall performance. This included overweights to electric utility Eletrobras S.A. and healthcare provider Hapvida Participacoes e Investimentos S.A. Stock selection in China also weighed on returns; notably underweights to communication services names like Tencent Holdings and Baidu.
During the quarter, we exited our risk positioning strategy targeting large Chinese ecommerce platforms due to some of our managers moving into this space. Moving forward, the Fund maintains modest tilts toward value and momentum, which is in line with our preferred strategic positioning. The Fund also holds a bias toward small cap stocks.
Elsewhere, the Fund is overweight China, Brazil and Mexico and underweight India, Taiwan and Saudi Arabia; countries where our managers do not find as many attractive opportunities.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/Russell_Investments_Emerging_Markets_Fund-Class_A-English-RetIntEq-AUD-12.pdfFebruary, 2023
Contributing to the Fund’s underperformance was an overweight exposure and poor stock selection in Brazil. This included overweights to electric utility Centrais Elétricas Brasileiras S.A. and securities and commodities exchange operator B3 S.A.; both of which posted steep declines for the month. An ex-benchmark exposure to Vietnam and an underweight to Taiwan also weighed on returns; the latter including a material underweight to Taiwan Semiconductor Manufacturing Co. In terms of strategic factor positioning, our preference for value detracted from returns while our momentum tilt and small cap bias had no material impact on overall performance. In contrast, the Fund benefited from positive stock selection in India, including underweights to poorperforming names like Adani Enterprises and Adani Total Gas. Stock selection in China also added value; notably underweights to large cap growth names like Meituan and Tencent Holdings. [Note: We recently removed value manager AllianceBernstein from the Fund’s manager line up and temporarily replaced them with a Russell Investments systematic positioning strategy that targets large cap value.] Moving forward, the Fund retains an overweight to China. Elsewhere, the Fund remains overweight Brazil and underweight Saudi Arabia, India and Taiwan; countries where our managers do not find as many attractive opportunities. The Fund also maintains modest tilts toward value and momentum, which is in line with our preferred strategic positioning, and a bias toward small caps.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/Russell_Investments_Emerging_Markets_Fund-Class_A-English-RetIntEq-AUD-11.pdfJanuary, 2023
Contributing to the Fund’s outperformance was a material underweight to India, which significantly underperformed the broader market over the period. This included underweights to poor-performing names like Adani Total Gas and Adani Enterprises. Stock selection in South Korea also added value; notably overweights to Hana Financial Group, KB Financial Group and car maker Kia Corp. All three stocks posted strong, double-digit gains for the month. Underweights to Turkey and Saudi Arabia added further value in January.
In contrast, overweights to Mexico, Brazil and Hong Kong detracted from overall performance. Returns were also impacted by an underweight to the communication services space, including underweights to China’s Tencent Holdings and NetEase; both of which posted very strong gains in January. In terms of strategic factor positioning, our preference for small caps weighed on returns as large caps outperformed. Meanwhile, our value tilt and momentum bias had no material impact on overall performance. Moving forward, the Fund retains an overweight to China. Elsewhere, the Fund remains overweight Brazil and frontier markets like Vietnam and underweight Saudi Arabia, India and Taiwan; countries where our managers do not find as many attractive opportunities. The Fund also maintains modest tilts toward value and momentum, which is in line with our preferred strategic positioning, and a bias toward small caps.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/Russell_Investments_Emerging_Markets_Fund-Class_A-English-RetIntEq-AUD-10.pdfDecember, 2022
The Russell Investments Emerging Markets Fund outperformed the benchmark on a gross of fees and tax basis in the December quarter. Contributing to the Fund’s outperformance was strong stock selection in South Korea, including material overweights to Hana Financial Group and KB Financial Group. An underweight exposure and positive stock selection in India also added value; notably underweights to Adani Transmission and Bajaj Finance. Stock selection in Taiwan added further value over the period, including an underweight to Hon Hai Precision Industry. In terms of strategic factor performance, our value bias contributed positively to returns, with value stocks outperforming their growth counterparts over the period.
In contrast, stock selection in China detracted from overall performance. This included underweights to Tencent Holdings and NetEase; both of which posted strong, double-digit gains for the quarter. An overweight exposure and poor stock selection in Brazil also weighed on returns; notably an underweight to iron ore major Vale S.A. Other key holdings to impact performance were overweights to South Korean car maker Kia Corp. and South African technology company Naspers. During the quarter, we marginally reduced our value exposure in favour of growthoriented strategies that underperformed earlier in the year. However, the Fund maintains an overall tilt toward value, which is in line with our preferred strategic positioning. The Fund also remains overweight China and Brazil and underweight Saudi Arabia, Malaysia and India; countries where our managers do not find as many attractive opportunities.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/Russell_Investments_Emerging_Markets_Fund-Class_A-English-RetIntEq-AUD-9.pdfNovember, 2022
Contributing to the Fund’s underperformance was poor stock selection in China, including underweights to large growth names like Tencent Holdings, Meituan and electric car maker NIO, Inc. All three stocks posted very strong gains in November. An overweight exposure and poor stock selection in Brazil also weighed on returns; notably an overweight to exchange operator B3 S.A. and an underweight to mining heavyweight Vale S.A. Other key holdings to add value over the period were underweights to South Afri-can publishing company Naspers and Chinese sportswear company Li-Ning Co. In terms of strategic fac-tor positioning, our value tilt and momentum bias both detracted from performance over the period. In contrast, the Fund benefited from a material underweight to the poor-performing Saudi Arabian market.
An underweight to India and strong stock selection in Taiwan also added value in November; the latter including an underweight to Hon Hai Precision Industry Co., which significantly underperformed the broader market over the period. Other key holdings to add value were underweights to Al Rajhi Bank and Saudi Arabian Mining Co. Moving forward, the Fund retains an overweight to China. Elsewhere, the Fund remains overweight Brazil and underweight Saudi Arabia, Malaysia and India; countries where our managers do not find as many attractive opportunities. The Fund also maintains an overall tilt toward value, which is in line with our pre-ferred strategic positioning. We also recently added to our growth exposure.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/Russell_Investments_Emerging_Markets_Fund-Class_A-English-RetIntEq-AUD-8.pdfOctober, 2022
Contributing to the Fund’s outperformance was strong stock selection in China; even as the market there significantly underperformed the broader index. This included underweights to large growth names like Tencent Holdings, Meituan and electric car maker NIO, Inc. All three stocks posted steep declines in October. A material overweight to Brazil also added value over the period; notably overweights to names like exchange operator B3 S.A. and electric utility company Centrais Elétricas Brasileiras S.A. Other key holdings to add value were overweights to South Korea’s Hana Financial Group and KB Financial Group. In terms of strategic factor positioning, our value tilt and momentum bias both contributed positively to performance over the period. In contrast, an exbenchmark exposure to Vietnam and an overweight to Hong Kong detracted from overall returns in October. An underweight exposure and poor stock selection in Saudi Arabia also weighed on performance, including underweights to Saudi Arabian Mining Co. and Al Rajhi Bank. Fund performance was further impacted by underweights to Turkey, Malaysia and India. Moving forward, the Fund retains a modest overweight to China. Elsewhere, the Fund remains overweight Brazil and underweight Saudi Arabia, Malaysia and India; countries where our managers do not find as many attractive opportunities. The Fund also maintains an overall tilt toward value, which is in line with our preferred strategic positioning. We also recently added to our growth exposure.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/Russell_Investments_Emerging_Markets_Fund-Class_A-English-RetIntEq-AUD-7.pdfAugust, 2022
Contributing to the Fund’s underperformance was poor stock selection in China; notably underweights to large growth names like Tencent Holdings and Meituan. An underweight exposure to the strong-performing Indian market also weighed on returns. This included underweights to Adani Transmission, Adani Enterprises and Adani Total Gas; all of which posted double-digit gains in August. Performance was further impacted by an overweight exposure and poor stock selection in Hong Kong; notably an overweight to Orient Overseas (International) Ltd. Other notable positions to impact returns were an underweight to Saudi Arabian Mining Co. and an overweight to South Korea’s SK hynix. In contrast, the Fund benefited from an overweight exposure and strong stock selection in Brazil, including an underweight to iron ore major Vale S.A. An ex-benchmark exposure to Vietnam and positive stock selection in South Africa also added value over the period; the latter including underweights to poor-performing names like MTN Group and Gold Fields. Another key holding to add value was an underweight to Taiwan Semiconductor Manufacturing Co. Moving forward, the Fund retains overweights to China and Brazil and remains underweight Saudi Arabia and Malaysia; countries where our managers do not find as many attractive opportunities. The Fund also maintains tilts toward both value and momentum, which is in line with our preferred strategic positioning. We also recently added to our growth exposure.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/Russell_Investments_Emerging_Markets_Fund-Class_A-English-RetIntEq-AUD-5.pdfJuly, 2022
Contributing to the Fund’s underperformance was poor stock selection in China; notably overweights to China Longyuan Power Group – the country’s largest wind power producer – and Longfor Group Holdings. Both stocks fell sharply over the period. An underweight exposure to the strong-performing Indian market and poor stock selection in South Korea also weighed on returns; the latter including a material overweight to Hana Financial Group. At the sector level, stock selection was weakest within financials. In additional to our holding in Hana Financial Group, this included underweights to India’s HDFC Ltd. and Bajaj Finserv Ltd. Other notable positions to impact performance were underweights to Taiwan Semiconductor Manufacturing Co. and Saudi Arabia’s Al Rajhi Bank. In terms of strategic factor positioning, our value tilt detracted from performance in July; though this was more than offset by our momentum bias. In contrast, the Fund benefited from an overweight exposure and strong stock selection in Brazil, including an overweight to oil giant Petróleo Brasileiro S.A. Other key holdings to add value were underweights to China’s Tencent Holdings and Meituan. Moving forward, the Fund retains overweights to China and Brazil and remains underweight Saudi Arabia and Malaysia; countries where our managers do not find as many attractive opportunities. The Fund also maintains tilts toward both value and momentum, which is in line with our preferred strategic positioning. We also recently added to our growth exposure.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/Russell_Investments_Emerging_Markets_Fund-Class_A-English-RetIntEq-AUD-4.pdfApril, 2022
Contributing to the Fund’s underperformance was poor stock selection in China; notably an overweight to China Merchants Bank, which fell almost 23% for the month. Partly offsetting this position was our underweight to large cap growth names, including NIO, Inc. and Alibaba Group.
An underweight to Saudi Arabia also weighed on returns; the market there performing well on the back of a further rise in oil prices. Performance was further impacted by poor stock selection in India; notably an overweight to multinational information technology company, Infosys, and an underweight to Adani Green Energy, which climbed almost 50% in April. Other notable positions to impact returns were exbenchmark holdings in Canadian miners First Quantum Minerals and Ivanhoe Mines; both of which fell sharply over the period. In contrast, the Fund benefited from its value bias as value stocks outperformed in April.
A material underweight to Taiwan also added value; notably our underweight to Taiwan Semiconductor Manufacturing Co. An overweight to the strong-performing Indonesian market and underweights to both South Korea and the United Arab Emirates added further value over the period. Moving forward, the Fund retains a modest overweight to onshore China and an underweight to offshore China. Elsewhere, the Fund remains underweight Saudi Arabia and Malaysia; countries where our managers do not find as many attractive opportunities. The Fund also maintains tilts toward both value and momentum, which is in line with our preferred strategic positioning.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/Russell_Investments_Emerging_Markets_Fund-Class_A-English-RetIntEq-AUD-3.pdfJune, 2021
The Russell Investments Emerging Markets Fund outperformed the benchmark in the June quarter. Strategic factor positioning contributed positively to performance over the period; namely our preferences for momentum and value. Momentum was the best-performing factor for the quarter, while value stocks outperformed both their growth counterparts and the broader market. Similar to last quarter, the Fund benefited from an underweight exposure and strong stock selection in China, including underweights to Gaotu Techedu and Haier Smart Home Co. Stock selection in Taiwan was also positive; notably an overweight to United Microelectronics Corp. Country positioning added further value over the period, including an overweight to Brazil and an ex-benchmark exposure to the strongperforming Vietnamese market. In contrast, stock selection in South Korea detracted from overall returns, including an overweight to SK hynix and an underweight to internet provider Kakao Corp. Performance was further impacted by an underweight to the strongperforming healthcare sector; notably an underweight to China’s Wuxi Biologics. Other notable positions to impact returns were an ex-benchmark holding in Hong Kong’s Galaxy Entertainment Group and an underweight to Russia’s Gazprom. Moving forward, we maintain underweight exposures to China, Saudi Arabia and Malaysia. The Fund is also overweight Russia, South Korea and Brazil and maintains positive factor exposures to both value and momentum; which is in line with our strategic preferences.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/Russell_Investments_Emerging_Markets_Fund-Class_A-English-RetIntEq-AUD-2.pdfApril, 2021
Contributing to the Fund’s outperformance were our biases toward momentum and smaller value stocks; both of which performed well over the period.
Stock selection in China was also positive, including overweights to Shenzhen Kangtai Biological Products and Ecovacs Robotics. An ex-benchmark exposure to Canada added further value in April; notably our holding in First Quantum Minerals, which jumped almost 20% on the back of rising commodity prices. Other notable positions to add value were an underweight to South Africa’s Naspers and an ex-benchmark holding in Mexico’s Cemex SAB de CV. In contrast, our long-held underweight to Saudi Arabia detracted from performance over the period, including underweights to The Saudi National Bank and Saudi Basic Industries Corp. Our overweight to Russia also weighed on returns; notably an ex-benchmark exposure to Lukoil. Performance was further impacted by poor stock selection in India, including ex-benchmark holdings in HDFC Bank and IndusInd Bank. Other key holdings to impact performance were zero exposures to Mexican names Grupo Televisa S.A.B. and Banco Inter SA.
Moving forward, we maintain underweight exposures to China, Saudi Arabia and Malaysia. We also maintain overweight exposures to South Korea, Russia and Brazil, as well as tilts toward value and momentum factors; which is in line with our strategic preferences.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/Russell_Investments_Emerging_Markets_Fund-Class_A-English-RetIntEq-AUD-1.pdfDecember, 2020
The Russell Investments Emerging Markets Fund outperformed the benchmark in the December quarter. Much of the Fund’s outperformance was driven by an underweight exposure and strong stock selection in China; particularly within the consumer discretionary space. This included an underweight to Alibaba Group and an overweight to Geely Automobile Holdings.
Overweights to some of the strongest-performing markets was also positive; notably South Korea and Brazil. Stock selection in Taiwan added further value over the period, including an overweight to United Microelectronics Corp. Other notable positions to add value were ex-benchmark holdings in Canada’s First Quantum Minerals and China’s Zhejiang Huayou Cobalt Co. In terms of strategic factor performance, our preference for momentum and value (notably small cap value) contributed positively to overall returns.
In contrast, poor stock selection in Russia and South Africa detracted from performance. Underweights to Thailand and the Philippines also weighed on returns, albeit modestly. During the quarter, we removed Somerset Capital from the Fund’s manager line up and introduced Barrow Hanley and Bin Yuan Capital. Moving forward, we maintain underweight exposures to China, Saudi Arabia, Malaysia and Thailand. The Fund is also overweight Russia, South Korea and Brazil and maintains positive factor exposures to both value and momentum; which is in line with our strategic preferences.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/Russell_Investments_Emerging_Markets_Fund-Class_A-English-RetIntEq-AUD.pdfasset_class: Foreign Equity
asset_category: Emerging Markets
peer_benchmark: Foreign Equity - Emerging Markets Index
broad_market_index: World Emerging Markets Index
manager_contact_details: Array
ticker: RIM0038AU
release_schedule: Monthly
commentary_block: Array
factsheet_url:
Right sidebar -> Fund Resources -> Fund factsheet
fund_features:
Russell Emerging Markets Fund Class A aims to significantly outperform the Fund’s benchmark, before costs and tax, over the long term by providing exposure to a diversified portfolio of predominantly emerging market shares.
- The Fund is predominantly exposed to shares listed on stock exchanges in emerging markets.
- It may also have exposure to shares listed on stock exchanges in countries which are considered frontier or pre-emerging and to shares listed on developed markets’ stock exchanges where the issuer derives a material proportion of its revenue from the emerging markets.
structure: Managed Fund