Gartmore Emerging Markets Opportunities Accumulation Shares
At a glance
| Initial charge | 5.00% |
|---|---|
| Initial saving | 5.00% |
| Annual charge | 1.50% |
| Annual saving | 0.250% ² |
| Total Expense Ratio | 1.73% |
| Launch date | 01-02-1987 |
| Launch price | £0.25 |
| Sector | Global Emerging Mkts |
| Fund size | £193 million |
| Number of holdings | 91 |
| Fund type | OEIC |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
Emerging markets have been affected by the more cautious tone dominating global markets. The fund began the year with a bias in China, Russia and Brazil. As the Chinese authorities announced measures to cool their market Chris Palmer began to reduce exposure. As political tensions erupted in Russia he has also lowered exposure here. He is becoming more excited by the prospects in some regions, like Asia, which are trading on attractive valuations.
Full research
About the Fund Manager
Chris Palmer
Located in: London
Chris joined Gartmore in 1995 and is Head of Global Emerging Markets. He is responsible for managing the Gartmore SICAV Latin America Fund and Gartmore's Emerging Market hedge funds.
His background includes on the ground investment experience in Asia and Latin America as an investment advisor to a private family investment group. Prior to this he was with Bear Stearns & Co Inc, where he was a senior counterparty credit risk officer with extensive responsibilities for hedge fund counterparty risk. Chris graduated from the Colgate University, New York in 1986 with an Honours degree in History. In 1988 he completed an MBA in Finance at New York University, and was awarded the CFA designation in 1993 by the Association of Investment Management and Research.
Income details
| Historic yield | 0.67% |
|---|---|
| Income paid | Bi-annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
| Ex-dividend date | 01 June 2008 |
|---|---|
| Payment date ³ | 31 July 2008 |
1 of 2 
Top 10 holdings
| Petroleo Brasileiro S/A ADS | 4.25% |
|---|---|
| Samsung Electronics Co. | 3.44% |
| China Mobile (Red Chip) | 3.17% |
| Taiwan Semiconductor Manufacturing | 2.60% |
| OAO GAZPROM | 2.58% |
| China Construction Bank (H) | 2.47% |
| America Movil S.A.B. de C.V. ADS | 2.46% |
| MTN Group | 2.15% |
| POSCO | 1.94% |
| Cez A.S. | 1.92% |
Top 10 sectors
| Banks | 14.62% |
|---|---|
| Oil & Gas Producers | 12.52% |
| Mobile Telecommunications | 10.29% |
| Technology Hardware & Equipment | 9.84% |
| Bonds | 6.49% |
| Non-Classified | 5.94% |
| General Retailers | 4.43% |
| Electricity | 4.42% |
| Chemicals | 4.37% |
| Fixed Line Telecommunications | 3.19% |
Top 10 countries
| Brazil | 13.01% |
|---|---|
| South Korea | 11.86% |
| Taiwan | 9.20% |
| Hong Kong | 7.92% |
| South Africa | 7.84% |
| Russian Federation | 7.59% |
| China | 7.29% |
| Mexico | 5.39% |
| Non-Classified | 3.63% |
| Malaysia | 3.30% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 21-11-2008. Data accurate as at 31/10/2008.
