Morningstar Fund Report  | 10/04/2025Print

Aikya Global Emerging Markets Fund - UCITS S Share Class GBP (Unhedged) (Accumulating Shares)

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Aikya Global Emerging Markets Fund - UCITS S Share Class GBP (Unhedged) (Accumulating Shares)
Fund5.01.2-4.63.5-3.5
+/-Cat6.513.3-8.8-4.6-2.7
+/-B’mrk5.99.1-8.6-5.5-2.6
 
Category: Global Emerging Markets Equity
Category Benchmark: Morningstar EM TME NR USD
Key Stats
NAV
09/04/2025		 GBP 10.29
Day Change -0.31%
Morningstar Category™ Global Emerging Markets Equity
IA (formerly IMA) Sector Global Emerging Markets
ISIN IE00BMCM3314
Fund Size (Mil)
08/04/2025		 GBP 1042.40
Share Class Size (Mil)
08/04/2025		 GBP 363.23
Max Initial Charge -
Ongoing Charge
14/02/2024		  0.70%
Investment Objective: Aikya Global Emerging Markets Fund - UCITS S Share Class GBP (Unhedged) (Accumulating Shares)
The Fund aims to achieve long-term capital growth by investing in high quality companies. These companies should make a positive contribution to sustainable development within the countries in which they operate.
Returns
Trailing Returns (GBP)09/04/2025
YTD-7.94
3 Years Annualised-2.87
5 Years Annualised-
10 Years Annualised-
12 Month Yield 0.00
Management
Manager Name
Start Date
Ashish Swarup
16/10/2020
Inception Date
16/10/2020

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI EM NR USDMorningstar EM TME NR USD
Portfolio Profile for  Aikya Global Emerging Markets Fund - UCITS S Share Class GBP (Unhedged) (Accumulating Shares)28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.340.0098.34
Bond0.000.000.00
Property0.000.000.00
Cash1.940.281.66
Other0.000.000.00
Top 5 Regions%
Asia - Emerging46.71
Asia - Developed21.26
Latin America17.73
Africa5.62
United Kingdom5.22
Top 5 Sectors%
Consumer Defensive40.14
Financial Services24.16
Technology10.87
Consumer Cyclical9.05
Healthcare7.21
Top 5 HoldingsSector%
Uni-President Enterprises CorpConsumer DefensiveConsumer Defensive6.52
Unilever PLCConsumer DefensiveConsumer Defensive5.13
Meituan Class BConsumer CyclicalConsumer Cyclical5.12
Fomento Economico Mexicano SAB d... Consumer DefensiveConsumer Defensive5.08
Foshan Haitian Flavouring and Fo... Consumer DefensiveConsumer Defensive4.85
Increase Decrease New since last portfolio
Aikya Global Emerging Markets Fund - UCITS S Share Class GBP (Unhedged) (Accumulating Shares)
Growth Of 1000 (GBP) 31/03/2025
Fund:  Aikya Global Emerging Markets Fund - UCITS S Share Class GBP (Unhedged) (Accumulating Shares)
Category:  Global Emerging Markets Equity
Category Index:  Morningstar EM TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 202120222023202431/03
Price Return5.021.22-4.653.47-3.46
+/- Category6.4713.28-8.76-4.64-2.65
+/- Category Index5.889.06-8.63-5.55-2.58
% Rank in Category154988587
Trailing Returns (GBP)09/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.31   0.650.69
1 Week-4.71   4.454.19
1 Month-7.16   3.193.20
3 Months-8.11   2.421.99
6 Months-11.15   0.14-0.03
YTD-7.94   1.411.34
1 Year-4.10   2.341.01
3 Years Annualised-2.87   -1.57-2.06
5 Years Annualised-   --
10 Years Annualised-   --
 
Category: Global Emerging Markets Equity
Category Index: Morningstar EM TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-3.46---
20240.38-2.178.55-2.94
20230.51-4.12-2.681.66
20220.60-1.631.810.46
20213.303.241.20-2.70
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageLow2 star
5-Year--Not Rated
10-Year--Not Rated
OverallBelow AverageLow2 star
 
Category :  Global Emerging Markets EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev11.11 %
3-Yr Mean Return-0.82 %
 
3-Yr Sharpe Ratio-0.43
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar EM TME NR USD  Morningstar APAC xJpn TME NR USD
3-Yr Beta0.820.76
3-Yr Alpha-4.18-4.36
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 20339-
Market Capitalisation% of Equity
Giant46.69
Large31.40
Medium18.21
Small3.71
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings15.791.33
Price/Book2.051.24
Price/Sales1.541.03
Price/Cash Flow11.431.78
Dividend-Yield Factor2.850.89
 
Long-Term Projected Earnings Growth8.140.78
Historical Earnings Growth-0.28-0.05
Sales Growth1.070.23
Cash-Flow Growth3.460.74
Book-Value Growth3.630.42
 
Category: Global Emerging Markets Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.340.0098.34
Bond0.000.000.00
Property0.000.000.00
Cash1.940.281.66
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States0.270.32
Canada0.000.00
Latin America17.731.93
United Kingdom5.2217.19
Eurozone1.301.01
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa5.621.63
Middle East0.000.00
Japan1.916151.68
Australasia0.00-
Asia - Developed21.260.73
Asia - Emerging46.710.96
 
Category: Global Emerging Markets Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Consumer CyclicalConsumer Cyclical9.050.62
Financial ServicesFinancial Services24.161.00
Consumer DefensiveConsumer Defensive40.148.46
HealthcareHealthcare7.212.06
Communication ServicesCommunication Services4.350.42
IndustrialsIndustrials4.220.65
TechnologyTechnology10.870.44
 
Category: Global Emerging Markets Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings34
Total Number of Bond Holdings0
Assets in Top 10 Holdings47.50
NameSectorCountry% of Assets
Uni-President Enterprises Corp205Taiwan6.52
Unilever PLC205United Kingdom5.13
Meituan Class B102China5.12
Fomento Economico Mexicano SAB de CV ... 205Mexico5.08
Foshan Haitian Flavouring and Food Co... 205China4.85
AIA Group Ltd103Hong Kong4.56
HDFC Bank Ltd103India4.46
NetEase Inc Ordinary Shares308China4.28
Banco De Chile103Chile3.82
PT Bank Central Asia Tbk103Indonesia3.67
 
Increase Decrease New since last portfolio
Category: Global Emerging Markets Equity
 
Management
Name of CompanyAikya Investment Management Ltd
Phone-
Website -
AddressOCTAGON POINT
 LONDON   EC2V 6AA
 Australia
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date16/10/2020
Fund Advisor(s)
Mirabella Financial Services LLP
Fund ManagerAshish Swarup
Manager Start Date16/10/2020
Career Start Year2004
Education
Indian Institute of Technology, B.A./B.S.
Indian Institute of Management, Post Gradu
INSEAD, M.B.A.
 
Biography
Ashish joined the predecessor business of Stewart Investors in 2014. During his time at Stewart Investors he was Lead Manager on a few Emerging Markets and Asia Pacific strategies, including Stewart Investors Emerging Markets Leaders Fund. He was with Fidelity between 2004 and 2014. In 2008, he launched an Emerging Markets Equity Strategy with high-quality companies, which became Fidelity Institutional Asset Management (FIAM) EM All Cap in 2010. He managed this strategy until his departure in 2014.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.50%
Ongoing Charge0.70%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsNo