Morningstar Fund Report  | 10/04/2025Print

Pictet-Emerging Markets Index I USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Pictet-Emerging Markets Index I USD
Fund-2.3-10.12.89.0-0.1
+/-Cat-0.92.0-1.30.90.7
+/-B’mrk-1.5-2.3-1.10.00.8
 
Category: Global Emerging Markets Equity
Category Benchmark: Morningstar EM TME NR USD
Key Stats
NAV
09/04/2025		 USD 311.57
Day Change -0.86%
Morningstar Category™ Global Emerging Markets Equity
ISIN LU0188497985
Fund Size (Mil)
08/04/2025		 USD 554.84
Share Class Size (Mil)
08/04/2025		 USD 116.31
Max Initial Charge 5.00%
Ongoing Charge
07/02/2025		  0.40%
Investment Objective: Pictet-Emerging Markets Index I USD
To achieve a performance comparable to the reference index. The Fund aims for the full physical replication of the MSCI Emerging Markets Index (the “Benchmark Index”).
Returns
Trailing Returns (GBP)09/04/2025
YTD-8.59
3 Years Annualised-1.25
5 Years Annualised3.89
10 Years Annualised3.19
12 Month Yield 0.00
Management
Manager Name
Start Date
Jean−Michel Piuz
22/09/2011
Roland Riat
22/09/2011
Inception Date
19/03/2004

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI EM NR USDMorningstar EM TME NR USD
Portfolio Profile for  Pictet-Emerging Markets Index I USD28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.970.0099.97
Bond0.000.000.00
Property0.000.000.00
Cash1.541.510.02
Other0.000.000.00
Top 5 Regions%
Asia - Emerging51.54
Asia - Developed28.76
Middle East7.15
Latin America6.79
Africa2.95
Top 5 Sectors%
Technology23.97
Financial Services23.65
Consumer Cyclical13.71
Communication Services10.59
Industrials6.24
Top 5 HoldingsSector%
Taiwan Semiconductor Manufacturi... TechnologyTechnology9.90
Tencent Holdings LtdCommunication ServicesCommunication Services5.04
Alibaba Group Holding Ltd Ordina... Consumer CyclicalConsumer Cyclical3.36
Samsung Electronics Co LtdTechnologyTechnology2.25
HDFC Bank LtdFinancial ServicesFinancial Services1.42
Increase Decrease New since last portfolio
Pictet-Emerging Markets Index I USD
Growth Of 1000 (GBP) 31/03/2025
Fund:  Pictet-Emerging Markets Index I 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-9.4813.3814.33-2.32-10.112.848.99-0.10
+/- Category1.80-0.890.28-0.871.96-1.270.880.71
+/- Category Index-2.02-0.980.44-1.46-2.26-1.14-0.020.78
% Rank in Category3058445933544438
Trailing Returns (GBP)09/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.86   0.110.14
1 Week-8.99   0.16-0.10
1 Month-10.55   -0.20-0.19
3 Months-9.50   1.030.60
6 Months-10.98   0.310.15
YTD-8.59   0.770.70
1 Year-4.16   2.280.95
3 Years Annualised-1.25   0.05-0.44
5 Years Annualised3.89   -0.31-1.05
10 Years Annualised3.19   -0.01-0.89
 
Category: Global Emerging Markets Equity
Category Index: Morningstar EM TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-0.10---
20242.855.022.07-1.13
20231.02-2.080.873.06
2022-4.36-3.85-3.971.80
20211.254.77-6.20-1.84
2020-18.3618.474.6712.93
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAverage3 star
5-YearAverageBelow Average3 star
10-YearAverageAverage3 star
OverallAverageAverage3 star
 
Category :  Global Emerging Markets EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev13.34 %
3-Yr Mean Return2.60 %
 
3-Yr Sharpe Ratio-0.11
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar EM TME NR USD  MSCI EM NR USD
3-Yr Beta1.030.98
3-Yr Alpha-0.37-0.46
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 50935-
Market Capitalisation% of Equity
Giant58.43
Large34.37
Medium7.02
Small0.19
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings12.531.06
Price/Book1.590.96
Price/Sales1.470.99
Price/Cash Flow6.521.02
Dividend-Yield Factor3.040.95
 
Long-Term Projected Earnings Growth10.961.04
Historical Earnings Growth4.470.81
Sales Growth3.680.80
Cash-Flow Growth3.570.76
Book-Value Growth7.210.83
 
Category: Global Emerging Markets Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.970.0099.97
Bond0.000.000.00
Property0.000.000.00
Cash1.541.510.02
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States0.260.31
Canada0.000.00
Latin America6.790.74
United Kingdom0.000.00
Eurozone0.560.44
Europe - ex Euro0.000.00
Europe - Emerging1.990.90
Africa2.950.85
Middle East7.151.48
Japan0.000.00
Australasia0.00-
Asia - Developed28.760.99
Asia - Emerging51.541.06
 
Category: Global Emerging Markets Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials5.451.27
Consumer CyclicalConsumer Cyclical13.710.93
Financial ServicesFinancial Services23.650.98
Real EstateReal Estate1.630.84
Consumer DefensiveConsumer Defensive4.330.91
HealthcareHealthcare3.581.02
UtilitiesUtilities2.411.33
Communication ServicesCommunication Services10.591.02
EnergyEnergy4.461.42
IndustrialsIndustrials6.240.95
TechnologyTechnology23.970.97
 
Category: Global Emerging Markets Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings1142
Total Number of Bond Holdings0
Assets in Top 10 Holdings27.85
NameSectorCountry% of Assets
Taiwan Semiconductor Manufacturing Co... 311Taiwan9.90
Tencent Holdings Ltd308China5.04
Alibaba Group Holding Ltd Ordinary Sh... 102China3.36
Samsung Electronics Co Ltd311Korea, Republic Of2.25
HDFC Bank Ltd103India1.42
Xiaomi Corp Class B311China1.39
Meituan Class B102China1.30
MSCI Emerging Markets Index Future Ma... Germany1.08
Reliance Industries Ltd309India1.06
China Construction Bank Corp Class H103China1.03
 
Increase Decrease New since last portfolio
Category: Global Emerging Markets Equity
 
Management
Name of CompanyPictet Asset Management (Europe) SA
Phone+352 467 171-1
Websitewww.am.pictet
Address15, avenue J.F. Kennedy
 Luxembourg   L-1855
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date19/03/2004
Fund Advisor(s)
Pictet Asset Management Ltd
Pictet Asset Management SA
Fund ManagerJean−Michel Piuz
Manager Start Date22/09/2011
Fund ManagerRoland Riat
Manager Start Date22/09/2011
Career Start Year1999
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*1.00%
Annual Charges
Max Annual Management Charge0.60%
Ongoing Charge0.40%
Purchase Details
Minimum Investments
Initial1000000  USD
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes