Report

Genesis Emerging Markets Fund - Depressed sentiment belies bright outlook

Launched in 1989, Genesis Emerging Markets Fund (GSS) is one of the first UK-listed funds focused on investing in equities in emerging and developing countries. Its primary objective is to deliver long-term capital growth through a bottom-up approach to investing in high-quality companies with sustainable earnings growth. GSS has a solid performance track record, and has outperformed its benchmark over one, three, five and 10 years to end-February. Emerging markets equities have suffered a significant setback in response to the COVID-19 pandemic and the fund’s discount to NAV is wider than average, which may present an opportunity for long-term investors.
Underlying
Genesis Emerging Markets Fund Ltd.

Genesis Emerging Markets Fund is a Guernsey based authorized closed-ended investment scheme, which is managed by Genesis Asset Managers, LLP. Co. primarily invest in equity markets of developing countries. The investments of Co. are principally in listed equities. At June 30 2017, Co.'s investments of $1.28 billion were measured at fair value and consisted of a portfolio of primarily quoted securities from emerging markets. As of June 30 2017, Co.'s portfolio consists of a diversified group of 125 companies from 36 countries (including several businesses at the smaller end of the opportunity set).

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Pedro Fonseca

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