Fund Activism & Advisory

Our research shows a large variation in benchmark independence among the 125 GEM funds in our analysis, from closet trackers to those unconstrained by the benchmark index.  We have therefore developed a framework for categorising Global EM funds based on their independence from the benchmark portfolio, using active share and portfolio correlation. We conclude that a fund’s independence is a key driver of performance over the long term and that highly active, benchmark independent funds have outperformed both passive, and low active funds significantly over the last decade.

Below we show a selection of slides from our GEM Funds report, where we explore the relationship between fund independence and performance, as well as include a detailed dossier on each of the funds in our analysis.  We welcome interest from fund selectors either invested in or considering investing in global emerging markets.

For more information, e-mail info@copleyfundresearch.com

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