Emerging Markets Leaders Fund

Investment Objective

Long-term capital appreciation

Fund Characteristics

The Fund seeks to invest in emerging markets companies with above-average returns on equity, strong balance sheets and consistent, above-average earnings growth, resulting in a focused portfolio of leading companies.

Investment Approach

  • The Emerging Markets Leaders Fund will invest in emerging market companies of all sizes.
  • The Fund will seek well-managed companies with superior business fundamentals, including global leadership in product quality or cost competitiveness, dominant or improving market position within a growing or local or regional economy, and sustainable above-average and/or increasing returns on invested capital.
  • The Fund may invest in new companies, both through initial public offerings (“IPOs”) and private placements.
  • The Fund will normally be invested in at least six different countries. The Fund’s sector and geographic diversification will vary, based on the ongoing evaluation of economic, market and political trends throughout the world.
  • Currently, emerging markets include every other country in the world other than the United States, Canada, Japan, Australia, New Zealand, Hong Kong, Singapore and most Western European countries.

Why Consider This Fund?

  • Provides focused investments in leading companies in terms of products, services, and execution
  • Historically consumer-focused, reflecting a growing opportunity set
  • Managed by a seasoned team with decades of emerging markets experience
  • The Fund is actively managed and is not constrained by a benchmark


  • The value of shares and any income from them can increase or decrease and an investor may not get back the amount originally invested
  • Where investments are made in currencies other than an investor's base currency, the value of those investments will be affected (favourably or unfavourably) by movements in exchange rates
  • Equity securities may decrease in value in response to the activities of an individual company or in response to general market, business, and economic conditions
  • Emerging markets investments typically involve special risk considerations, including higher volatility, lower liquidity, economic and political risk