Morningstar Fund Report  | 07/04/2025Print

abrdn SICAV I - Emerging Markets Equity Fund S Acc USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
abrdn SICAV I - Emerging Markets Equity Fund S Acc USD
Fund-5.2-17.3-1.03.4-3.3
+/-Cat-3.7-5.3-5.2-4.7-2.4
+/-B’mrk-4.3-9.5-5.0-5.6-2.4
 
Category: Global Emerging Markets Equity
Category Benchmark: Morningstar EM TME NR USD
Key Stats
NAV
07/04/2025		 USD 2112.78
Day Change -4.44%
Morningstar Category™ Global Emerging Markets Equity
ISIN LU0476875942
Fund Size (Mil)
04/04/2025		 USD 591.94
Share Class Size (Mil)
04/04/2025		 USD 6.06
Max Initial Charge 0.05%
Ongoing Charge
30/09/2024		  2.11%
Morningstar Research
Analyst Report10/06/2024
Samuel Lo, Principal
Morningstar, Inc

Abrdn Emerging Markets Equity continues to benefit from a solid cast of portfolio managers; a sizable emerging-markets equities team; and a disciplined, time-tested, quality-focused investment approach. The strategy’s Luxembourg-domiciled...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent23
Process24
Performance
Price
Investment Objective: abrdn SICAV I - Emerging Markets Equity Fund S Acc USD
The Fund’s investment objective is long term total return to be achieved by investing at least 70% of the Fund’s assets in equities and equity-related securities of companies listed, incorporated or domiciled in Emerging Market countries or companies that derive a significant proportion of their revenues or profits from Emerging Market countries operations or have a significant proportion of their assets there.
Returns
Trailing Returns (GBP)07/04/2025
YTD-11.51
3 Years Annualised-5.13
5 Years Annualised0.89
10 Years Annualised0.75
12 Month Yield 0.00
Management
Manager Name
Start Date
Devan Kaloo
30/06/2003
Nick Robinson
15/08/2001
Click here to see others
Inception Date
18/05/2010

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI EM NR USDMorningstar EM TME NR USD
Portfolio Profile for  abrdn SICAV I - Emerging Markets Equity Fund S Acc USD28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.530.0099.53
Bond0.000.000.00
Property0.000.000.00
Cash2.311.840.47
Other0.000.000.00
Top 5 Regions%
Asia - Emerging51.86
Asia - Developed28.16
Middle East7.77
Latin America7.50
United States3.25
Top 5 Sectors%
Technology26.75
Financial Services18.92
Consumer Cyclical16.93
Communication Services10.60
Industrials9.39
Top 5 HoldingsSector%
Taiwan Semiconductor Manufacturi... TechnologyTechnology9.71
Tencent Holdings LtdCommunication ServicesCommunication Services8.45
Alibaba Group Holding Ltd Ordina... Consumer CyclicalConsumer Cyclical4.06
Samsung Electronics Co Ltd Parti... TechnologyTechnology3.32
HDFC Bank LtdFinancial ServicesFinancial Services2.46
Increase Decrease New since last portfolio
abrdn SICAV I - Emerging Markets Equity Fund S Acc USD
Growth Of 1000 (GBP) 31/03/2025
Fund:  abrdn SICAV I - Emerging Markets Equity Fund S Acc USD
Category:  Global Emerging Markets Equity
Category Index:  Morningstar EM TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-10.5813.0421.06-5.20-17.35-1.043.42-3.25
+/- Category0.70-1.237.00-3.75-5.28-5.15-4.69-2.45
+/- Category Index-3.11-1.327.17-4.34-9.50-5.02-5.60-2.38
% Rank in Category4863177984878586
Trailing Returns (GBP)07/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-4.44   -2.92-4.99
1 Week-8.53   -3.69-5.91
1 Month-11.01   -7.11-9.26
3 Months-11.66   -6.38-8.84
6 Months-17.28   -9.32-11.00
YTD-11.51   -7.12-9.41
1 Year-10.35   -9.13-13.33
3 Years Annualised-5.13   -4.87-6.26
5 Years Annualised0.89   -5.45-6.75
10 Years Annualised0.75   -3.32-4.54
 
Category: Global Emerging Markets Equity
Category Index: Morningstar EM TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-3.25---
20241.393.081.55-2.55
20231.33-3.76-1.122.61
2022-10.55-5.72-4.022.12
2021-0.434.63-5.34-3.88
2020-21.1120.685.3920.65
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearLowBelow Average1 star
5-YearBelow AverageAverage2 star
10-YearLowAverage1 star
OverallLowAverage1 star
 
Category :  Global Emerging Markets EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev12.44 %
3-Yr Mean Return-2.20 %
 
3-Yr Sharpe Ratio-0.50
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar EM TME NR USD  MSCI EM NR USD
3-Yr Beta0.990.95
3-Yr Alpha-5.16-5.24
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 73812-
Market Capitalisation% of Equity
Giant71.70
Large23.32
Medium3.95
Small1.03
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings14.131.19
Price/Book2.251.37
Price/Sales2.311.55
Price/Cash Flow6.831.07
Dividend-Yield Factor2.420.76
 
Long-Term Projected Earnings Growth10.290.98
Historical Earnings Growth10.161.83
Sales Growth6.081.33
Cash-Flow Growth9.071.94
Book-Value Growth10.231.18
 
Category: Global Emerging Markets Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.530.0099.53
Bond0.000.000.00
Property0.000.000.00
Cash2.311.840.47
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States3.253.87
Canada0.000.00
Latin America7.500.82
United Kingdom0.000.00
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.660.30
Africa0.800.23
Middle East7.771.61
Japan0.000.00
Australasia0.00-
Asia - Developed28.160.97
Asia - Emerging51.861.06
 
Category: Global Emerging Markets Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials4.321.00
Consumer CyclicalConsumer Cyclical16.931.15
Financial ServicesFinancial Services18.920.78
Real EstateReal Estate2.571.32
Consumer DefensiveConsumer Defensive3.450.73
HealthcareHealthcare2.780.79
UtilitiesUtilities2.141.18
Communication ServicesCommunication Services10.601.03
EnergyEnergy2.150.69
IndustrialsIndustrials9.391.44
TechnologyTechnology26.751.08
 
Category: Global Emerging Markets Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings63
Total Number of Bond Holdings0
Assets in Top 10 Holdings39.51
NameSectorCountry% of Assets
Taiwan Semiconductor Manufacturing Co... 311Taiwan9.71
Tencent Holdings Ltd308China8.45
Alibaba Group Holding Ltd Ordinary Sh... 102China4.06
Samsung Electronics Co Ltd Participat... 311Korea, Republic Of3.32
HDFC Bank Ltd103India2.46
MediaTek Inc311Taiwan2.46
Al Rajhi Bank103Saudi Arabia2.43
Contemporary Amperex Technology Co Lt... 310China2.22
Southern Copper Corp101United States2.21
Meituan Class B102China2.20
 
Increase Decrease New since last portfolio
Category: Global Emerging Markets Equity
 
Management
Name of Companyabrdn Investments Luxembourg S.A.
Phone(352) 46 40 10 820
Websitewww.aberdeenstandard.com
Address35a Avenue John F Kennedy
 Luxembourg   L-1855
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date18/05/2010
Fund Advisor(s)
abrdn Investments Limited
Fund ManagerDevan Kaloo
Manager Start Date30/06/2003
Career Start Year1994
Education
2000, University of Stirling, M.S.
1999, St. Andrews University, M.A.
 
Biography
Devan Kaloo is Head of Global Emerging Markets Equities for abrdn, taking up that position in 2005. He is also Global Head of Equities for the group. Devan joined the company in 2000 as part of the Asian equities team in Singapore, before later transferring to London. He started in fund management with Martin Currie in 1994 covering Latin America, before subsequently working with the North American equities, global asset allocation and eventually the Asian equities teams.
Fund ManagerNick Robinson
Manager Start Date15/08/2001
Career Start Year2000
Education
Lincoln College, M.A.
 
Biography
Nick Robinson is a Senior Investment Director on the Global Emerging Markets Equity team at abrdn. Nick joined the company in 2000 and spent eight years on the North American Equities team, including three years based in the US offices. In 2008 he joined the Global Emerging Markets Equity team. Nick relocated to São Paulo in 2009 to start Aberdeen’s operations in Brazil. In 2016 he returned to London. Nick graduated with an MSc in Chemistry from Lincoln College, Oxford and is a CFA charterholder.
Fund ManagerMubashira Bukhari Khwaja
Manager Start Date01/06/2024
Career Start Year2007
Education
Singapore Management University, MSc
Lahore University of Management Sciences, MSc
 
Biography
Mubashira Bukhari Khwaja is an Investment Director on the Global Emerging Markets Equity team. She joined Aberdeen Asset Management in 2007 after two years in the banking industry. Mubashira graduated with MSc in Wealth Management from Singapore Management University and MSc in Economics from Lahore University of Management Sciences. Mubashira is a CFA charterholder. CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute
Fund ManagerXin-Yao Ng
Manager Start Date01/11/2018
Career Start Year2007
Education
Fudan University, M.B.A.
Nanyang Technological University, BSc
 
Biography
Ng Xin-Yao is an Investment Manager on the Asian equities team. Xin-Yao joined the company in 2018 from Allard Partners where he was based in Hong Kong as an Investment Analyst specialising in Greater China equities. Previously, Xin-Yao worked for Central Provident Fund Board in Singapore as a Portfolio Manager. Prior to that, Xin-Yao worked for BNP Paribas in private banking compliance. Xin-Yao graduated with a BSc in Business from Nanyang Technological University, MBA from Fudan University, and is a CFA Charterholder. CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge0.05%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.92%
Ongoing Charge2.11%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes