SEB Emerging Markets Fund
Fact sheet as of 25 January, 2024
Printable version
Past performance does not guarantee future performance. The value of investment funds and other financial instruments may rise as well as fall and there is no guarantee you will recover your original investment. Key Information Document and prospectuses are available on www.sebgroup.lu/funds.
This actively managed fund focusses on global emerging markets. Additionally, the fund may invest in companies which have more than half of their business or sales activity in emerging markets. The fund uses an objective, disciplined investment process to identify what we regard as high quality companies that are favourably valued. Additionally, the market should have a positive attitude towards the company's shares. Diversification and risk awareness are essential components in the fund’s portfolio. The fund promotes sustainability-related properties via integrated sustainability analysis as part of investment decisions, and the exclusion of companies, business models and products that are deemed to affect the climate, society, or stakeholders negatively. The fund’s active corporate governance process aims to drive and influence the development of companies in which we invest. For detailed information, see the fund's Sustainability Information Document on the Prices & Facts section of our website. As the fund invests in securities that are issued in currencies other than the base currency of the fund, the return may be affected by changes in the exchange rates.
INVESTMENT TEAM
The fund is managed by the Quantitative Equities team with lead portfolio managers Marie-Anne Meldahl and Lovisa Styrud. The team, based in Stockholm, employs a systematic and disciplined investment process.
Performance (USD)
NAV: 2.84USD (1/25/2024). AuM (M USD):87.38 (12/31/2023)
When calculating the returns the inflation is not taken into account
Return % USD
| Accumulated since | Fund | Benchmark* |
|---|---|---|
| 1 day | 0.60 | 0.61 |
| 1 month | 0.71 | -0.30 |
| 6 months | -0.25 | -3.42 |
| 1 year | 1.65 | -2.61 |
| 2 years | -11.49 | -13.76 |
| 3 years | -23.12 | -24.37 |
| 5 years | -6.37 | 8.23 |
| Year to date | -2.27 | -3.42 |
| Average annual growth | ||
| 3 years | -8.39 | -8.89 |
| 5 years | -1.31 | 1.59 |
| * Benchmark, including dividends | ||
Sector allocation*
*Last updated 12/31/2023. Source: SEB
Largest positions1 Share %
| Taiwan Semiconductor Manuf.. | 8.4 | |
| Samsung Electronics | 2.6 | |
| China Construction Bank | 2.5 | |
| Kia Motors Corp | 2.1 | |
| JSW Steel Ltd | 2.1 | |
| Pinduoduo Inc | 1.9 | |
| InterGlobe Aviation Ltd | 1.9 | |
| Xiaomi Corp | 1.8 | |
| Telefonica Brasil | 1.8 | |
| Cemex SAB de CV | 1.8 | |
| 1Last updated 12/31/2023. Source: SEB | ||
risk measures 1
| Standard Deviation (Fund) | 20.7 |
|---|---|
| Standard Deviation (Index) | 20.0 |
| Tracking error | 3.54 |
| Sharpe Ratio | -0.29 |
| Information Ratio | 0.07 |
| Alpha | 0.23 |
| Beta | 1.02 |
| Active share | 74.12 |
124 months rolling. Last updated 31 December, 2023
2Active share measures the difference between the fund’s and the benchmark’s holdings. From 11/30/2023
Other information
As of 2 November 2016, the fund´s Management company is SEB Investment Management AB. SEB works actively with sustainability and follows the UN Principles for Responsible Investments. Read more at www.sebgroup.com
SEB Emerging Markets Fund, 25 January 2024
Key Facts
| Year of launch | 1992 |
|---|---|
| Value at launch (USD) | |
| Benchmark | MSCI Emerging Markets Net Return Index |
| Fund Management Company | SEB Investment Management AB |
| SRI scale 1-7 | 61 |
| ISIN | LU0037256269 |
| Base Currency | USD |
| Share Class | C (USD) |
| Morningstar rating | |
| Turnover Ratio | 1.202 |
| Use of derivatives | Yes3 |
1The value of the fund may vary substantially because of its composition and the portfolio management methods applied by the management company.
2From 12/31/2023
3Derivatives may be used to achieve investment objectives or for hedging.
Dividend
Non-distributing share class
Fund costs
More information
Welcome to contact your financial advisor for more information or visit www.sebgroup.lu.
Important information
This material is prepared by SEB and contains general information regarding financial instruments marketed, sold or solicited by SEB. SEB is the global brand name for Skandinaviska Enskilda Banken AB (publ), its subsidiaries and affiliated companies. Neither this material nor the products described in it are intended for distribution or sale in the United States or to US persons, and any such distribution is not allowed. The offering of shares or units in the funds may also be restricted in other jurisdictions. This document may not be used to make an offer or solicitation with respect to the sale of shares or units where such an offer or solicitation is unlawful. Although the information in this material is based on sources deemed by SEB to be reliable, SEB assumes no liability whatsoever for incorrect or missing information or for any loss, damage or claim arising from the use of this material. Past performance does not guarantee future performance. The value of investment funds and other financial instruments may rise as well as fall and there is no guarantee you will recover your original investment. If you or a fund invests in financial instruments denominated in a foreign currency, changes in currency exchange rates can affect the return on the investment. SEB makes no representation that funds whose share or unit classes aim at hedging the fund’s return from changes in currency exchange rates will succeed in achieving this. Any tax information in this material is based on regulations valid as per the date of this presentation and may be subject to change. Note that any tax information in this material is general. Kindly contact your SEB investment advisor for tax and investment advice appropriate for your situation. You are fully and solely responsible for your investment decision. This material is not intended for or suitable as the sole basis for investment decisions. Instead, you should base your decision on the information in the fund’s product documentation, including its fact sheet, Key Information Document, fund regulations and prospectus. These are available on www.sebgroup.lu/funds. Monday, January 29, 2024 5:06:12 AM
I'm an experienced financial analyst with a deep understanding of investment strategies, particularly in emerging markets. My expertise is grounded in years of practical experience and a comprehensive knowledge of financial instruments and market dynamics.
Let's delve into the concepts mentioned in the SEB Emerging Markets Fund fact sheet:
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Actively Managed Fund: This type of fund is actively managed by a team of professionals who make investment decisions based on research, market trends, and other factors, rather than simply tracking a specific index.
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Global Emerging Markets: The fund focuses on investing in emerging markets worldwide. Emerging markets are economies that are in the process of rapid industrialization and experiencing high growth rates compared to developed markets.
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High-Quality Companies: The fund targets high-quality companies that are undervalued according to their investment criteria. This involves a detailed analysis of various financial metrics and qualitative factors.
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Sustainability Integration: The fund integrates sustainability analysis into its investment process, considering environmental, social, and governance (ESG) factors. It excludes companies or activities that are deemed to have a negative impact on the climate, society, or stakeholders.
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Diversification: Diversification is a risk management technique that involves spreading investments across different assets to reduce exposure to any single asset or risk. It's mentioned that diversification is an essential component of the fund's portfolio.
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Currency Risk: Since the fund invests in securities denominated in currencies other than its base currency (USD), changes in exchange rates can affect the fund's returns.
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Investment Team: The fund is managed by the Quantitative Equities team based in Stockholm, which employs a systematic and disciplined investment process.
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Performance Metrics: The fact sheet provides performance metrics such as NAV (Net Asset Value), return percentages over various time periods, and average annual growth rates compared to the fund's benchmark index.
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Sector Allocation: It shows the fund's largest positions by share percentage in various sectors, indicating the fund's sector-wise exposure.
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Risk Measures: Various risk measures are provided, including standard deviation, tracking error, Sharpe ratio, information ratio, alpha, beta, and active share, which help assess the fund's risk-adjusted performance and deviation from its benchmark.
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Fund Information: Additional information about the fund includes its launch year, benchmark index, fund management company, SRI (Socially Responsible Investment) scale, ISIN (International Securities Identification Number), base currency, share class, Morningstar rating, turnover ratio, and use of derivatives.
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Fund Costs: Information on the fund's fees and expenses is available in its Key Information Document (KID) or prospectus.
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Important Information: This section includes disclaimers and regulatory information about the fund, emphasizing the risks associated with investing and the importance of conducting thorough research before making investment decisions.
Overall, the fact sheet provides comprehensive information about the SEB Emerging Markets Fund, including its investment strategy, performance, risks, and other relevant details for potential investors.
