Aberdeen EM

ColdIron

It's not HL imposing the charge, it's Aberdeen themselves

bowlhead99

grey_gym_sock wrote: »

i think they're different unit classes of the same fund - compare:

http://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000OBVV
http://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F000000L1Z

note that some ppl define developed asia vs emerging asia in different ways. also, some data may be more up-to-date than other data.

GGS is right, with that Templeton fund, the Class W and the Class A you have the same underlying holdings.

I like the manager Mobius, he also runs the investment trust TEM (Templeton Emerging Markets) which has done well for me. I quite like investment trusts for situations like EM rather than open ended funds which can get too big and lose flexibility - for example my Scottish Oriental Smaller Companies has done 38% after dealing costs since last August. But to be honest the IT flexibility is more relevant in a smaller companies fund than for EM generalists and with big managers there is crossover between their ITs and their OEICs/UTs anyway.

It's also true that different countries qualify as emerging markets depending who you ask. Compare FTSE Emerging Markets index vs MSCI Emerging index. If you followed one of them you would have Korea and potential exposure to $150bn of Samsung, if you follow the other you don't.

To throw another fund into the mix, I hold Polar Capital EM Income (ACC version, I don't actually need income) which I think is slightly ahead of Aberdeen Emerging Markets this year. It has a little more in Africa, emerging Europe and also more developed Asia, with more industrials and consumer cyclical with less financial services and materials. Has done OK while the markets are shaky and favouring income over pure growth - something the size of Aberdeen EM can't easily invest in pure growth anyway imho due to its huge AUM, one of the reasons for them trying to cap it.

cashbackproblems

ColdIron wrote: »

It's not HL imposing the charge, it's Aberdeen themselves

Yeh i realise, but i thought maybe HL might internalise this charge!

I guess not, are there any alternatives? This fund has been my star performer, risen almost 20% in last few yrs

Porcupine

Hmm... one approach I'm wondering about is switching in some funds before the deadline, and then changing my monthly savings to build up the funds I just switched out of. That does put me a bit more exposed to EM for a while than I would like, but will hopefully sort itself out in time.

OTOH I'm also in two minds about rebalancing, which would suggest a movement the other way. But could rebalance by adding cash to my other holdings which dilutes the EM proportion (except the pesky thing keeps growing )

ColdIron

cashbackproblems wrote: »

are there any alternatives? This fund has been my star performer, risen almost 20% in last few yrs

Have a look at post #19 above, just my opinion

cashbackproblems

ColdIron wrote: »

Have a look at post #19 above, just my opinion

Thanks but i already invest into that First State one!

TCA

Thanks to all above for the alternative Global Emerging Market Smaller Companies Fund suggestions.

Re First State Asia Global EM Leaders - Thanks, it's a good fund. I hold this already within my pension however (in far bigger proportion than my monthly investments), so won't be adding to it for now. That and Vanguard's Emerging Markets Index Fund take care of my large cap exposure, so was really after small cap.

Not sure how I got confused on the Templeton EM SC fund's different classes. I "think" it was the FT website that had something completely different and threw me. Looking at my platform Best Invest, they are also not showing the same details as Morningstar for the A Class GBP anyway, so that puts me right off for a start. Different TER, fund size, start date etc.....Very confusing.

I'm tending towards just continuing the Aberdeen Global EM SC contributions and also taking a flyer with Templeton's Frontier Markets fund:

http://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000269P

Not what I was initially after at all but I'm intrigued by the geographic split and a bit of a gamble. Time to check crossover allocations..........

JohnRo

TCA, you've probably seen it but this FT article has some interesting comment.

http://www.ft.com/cms/s/0/a203cb90-1c4e-11e2-a14a-00144feabdc0.html#axzz2M1TiEz4G

I'd go easy on the allocation though.

markettrader81

Help to choose between standard life uk equity uncon or cazenova small cap
As discussed earlier here I am planing to put £1000 a month in ISA . I am now thinking to leave first state emerging and put £700 a month in aberdeen small cap asian fund and £300 or £200 in either cazenova small cap fund or Standard Life UK Equity Unconstrained fund. Any suggestion which fund I should go for?

jem16

markettrader81 wrote: »

Any suggestion which fund I should go for?

Please start a new thread as advised on the Vanguard thread. This is about Aberdeen EM.