Legg Mason Martin Currie Emerging Markets Fund added to Macquarie Wrap
Alastair Reynolds
The Legg Mason Martin Currie Emerging Markets Fund has been added to the Macquarie Wrap investment platform, giving a larger group of investors access to a high-performing global emerging markets investment portfolio.
Featuring a distinctive investment approach, the Fund is an actively managed, high-conviction strategy that aims to hold a well-diversified portfolio of 40-60 stocks across about 20 countries and 20 industries. With country exposure generally close to benchmark, alpha is driven by stock selection.
The Fund’s largest holdings are in China, South Korea, Taiwan and India, across companies in the information technology, consumer discretionary, financial and communications industries.
Alastair Reynolds, Portfolio Manager of the Legg Mason Martin Currie Emerging Markets Fund, says the Martin Currie investment team focuses on companies that have long-term growth prospects that are not yet reflected in their stock prices.
“The team has an investment horizon of at least five years, typically owning their investments for multi-year periods in order to fully exploit market inefficiencies and let companies reach their long-term intrinsic value,” he says.
“Martin Currie also believes environmental, social and governance (ESG) factors are important drivers of long-term performance,” he adds. “The team considers a lack of ESG credentials as value destructive to a company’s prospects.”
Legg Mason Martin Currie Emerging Markets Fund has gained ‘Recommended’ Ratings from Lonsec and Zenith and received a Morningstar Analyst RatingTM of ‘Bronze’ as of 6 May 2021. It is available across most leading investment platforms.
