Global emerging markets has been the worst performing Investment Association sector for the past year, returning on average a 8.5 per cent loss for the year to October. This has been coupled with investor outflows, but which funds have been hit the hardest? We look at the top 10 funds listed by client net outflows.
10. FP Henderson Rowe. FTSE RAFI Emerging Markets This tracker fund has been hit by the emerging market downturn, just making it into the top 10 of outflows with £43.2m in client net outflows for the past year. The FTSE RAFI Emerging Markets Index returned -18.5 per cent over one year, according to FE data.
8. Threadneedle Global Emerging Market Equity. The £199.8m fund has lost £47.5m in investor outflows for the period, according to FE data. Run by Irina Miklavchich, the fund has lost more performance-wise than the sector over the past one and five years.
7. Newton Emerging Income. Run by Sophia Whitbread, this fund has lost £67.4m in client outflows this year, bringing the fund size down to £131.6m. The fund, which was launched in late 2012, has lost 17 per cent in the year to September, seeing £34.3m of investment losses.
6. Baillie Gifford Emerging Markets Growth. The £401.4m fund, run by Richard Sneller and Mike Gush, has lost £70.8m in investor assets this year, while also losing £66.3m in investment performance. Over the past year the fund has lost the same as the sector average, at 14.4 per cent.
4. UBS Global Emerging Markets Equity. Run by Urs Antonioli, the fund has seen investors withdraw £88.5m of net assets, taking it to £402m in total assets.
3. Schroder Global Emerging Markets. The fund has chalked up £108.3m of outflows in the year, on top of £89m in investment losses, taking the fund’s assets to £632.1m.
2. M&G Global Emerging Markets. The fund, run by Matthew Vaight, Alice de Charmoy and Robert Secker, has lost £136.8m in net outflows this year. However, the fund has lost a substantial £320.5m thanks to performance, bringing its fund size down to £1.28bn from £1.74bn at the start of the year.
1. JP Morgan Emerging Markets. Topping the list of investor outflows is the JP Morgan Emerging Markets fund, run by Austin Forey and Leon Eidelman. It has seen £167.8m in outflows this year, bringing the fund size down to £894.7m. The fund has also shed £134.8m in assets due to performance.