Russell Emerging Markets Fund Class A (RIM0038AU) Report & Performance

What is the Russell Emerging Markets Fund Class A fund?

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.

Growth of $1000 Investment Over Time

Performance Report

Peer Comparison Report

Peer Comparison Report

Latest News & Updates For Russell Emerging Markets Fund Class A

Russell Emerging Markets Fund Class A Fund Commentary September 30, 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.

READ HISTORICAL PERFORMANCE COMMENTARIES

Product Snapshot

  • Performance Review
  • Product Overview
  • Peer Comparison
  • Product Details

Performance Review

Fund Name Last Month
? Returns after fees in the most recent (last) month).
3 Months Return
? Returns after fees in the most recent 3 months.
1 Year Return
? Trailing 12 month returns.
3 Years Average Return
? Average Annual returns from the last 3 years.
Since Inc. Average Return
? Average (annualised) returns since inception
1 Year Std. Dev. (Annual)
? The standard deviation (or annual volatility) of the last 12 months.
3 Years Std. Dev. (Annual)
? The average standard deviation (or annual volatility) from the last 3 years.
Since Inc. Std. Dev. (Annual)
? The average standard deviation (or annual volatility) since the fund inception.
1 Year Max Drawdown
? The maximum drawdown in the last 12 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
3 Year Max Drawdown
? The maximum drawdown in the last 36 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Since Inc. Max Drawdown
? The maximum drawdown since inception - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Russell Emerging Markets Fund Class A4.54%3.45%14.57%-0.19%4.1%9.03%11.61%13.52%-2.27%-22.83%-45.08%

Product Overview

Peer Comparison

Product Details

Product Due Diligence

What is Russell Emerging Markets Fund Class A

Russell Emerging Markets Fund Class A is an Managed Funds investment product that is benchmarked against World Emerging Markets Index and sits inside the Foreign Equity - Emerging Markets Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The Russell Emerging Markets Fund Class A has Assets Under Management of 105.75 M with a management fee of 0.01%, a performance fee of 0 and a buy/sell spread fee of 0.55%.

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Comments from SMSF Mates

Historical Performance Commentary

Performance Commentary - August 31, 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.

Performance Commentary - July 31, 2023

Performance Commentary - June 30, 2023

Performance Commentary - May 31, 2023

Performance Commentary - April 30, 2023

Performance Commentary - March 31, 2023

Performance Commentary - February 28, 2023

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