The Fund seeks to achieve over the long term a total return in excess of that of the MSCI Emerging Markets Index (with net dividends reinvested) through investment in a concentrated portfolio of 15-25 equity securities of companies in emerging markets, and from other markets where it can be demonstrated by the Investment Advisor that the company concerned is overwhelmingly an emerging market related company.
| Launch date | 01 July 2011 |
|---|---|
| Domicile | USA |
| Structure | LLC |
| Base currency | USD |
| Dealing | Monthly |
| Min. investment | $3,000,000 |
| Benchmark | MSCI Emerging Markets |
| Fund size | US$33.9m |
| Strategy size | US$57.6m |
Charles Sunnucks joined OP at the start of 2023, prior to which he was involved in cross-border M&A transactions at investment bank NovitasFTCL. He previously worked at Jupiter Asset Management where he co-managed the Jupiter Emerging & Frontier Income Trust, he speaks fluent Mandarin, and is a CFA/CAIA Charterholder. He manages the emerging markets portfolios and contributes to the overall investment selection.
| Annualised | ||||||
|---|---|---|---|---|---|---|
| 1 month | YTD | 1 year | 3 years | 5 years | Launch | |
| Fund | +8.1 | +34.7 | +21.0 | +23.0 | +12.6 | +4.9 |
| MSCI Emerging Markets | +7.2 | +27.5 | +17.3 | +18.2 | +7.0 | +3.6 |
| Annual performance | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Fund | +0.9 | +21.3 | -22.0 | +12.4 | -3.7 |
| MSCI Emerging Markets | +7.5 | +9.8 | -20.1 | -2.5 | +18.3 |
Estimate net performance for prior month.
The value of all investments and the income from them can go down as well as up; this may be due, in part, to exchange rate fluctuations. Past performance is not a guide to future performance
All data as at 30 September 2025
| Materials | 19.3 | |
| Industrials | 16.9 | |
| Consumer Discretionary | 15.7 | |
| Consumer Staples | 14.8 | |
| Information Technology | 13.1 | |
| Communication Services | 10.3 | |
| Energy | 4.2 | |
| Health Care | 3.5 | |
| Cash | 2.1 |
| China/Hong Kong | 23.3 | |
| South Korea | 18.2 | |
| Brazil | 16.3 | |
| Mexico | 12.3 | |
| Indonesia | 7.6 | |
| Peru | 7.0 | |
| Taiwan | 4.2 | |
| Thailand | 4.0 | |
| India | 2.6 | |
| Philippines | 2.5 | |
| Cash | 2.1 |
| Alibaba | 7.0 |
| Buenaventura | 7.0 |
| Samsung Electronics | 6.3 |
| Embraer | 5.3 |
| SK Inc | 4.6 |
| Telkom Indonesia | 4.6 |
| SK Square | 4.5 |
| Cemex | 4.5 |
| Trip.com | 4.4 |
| Grupo Mexico | 4.3 |
| Fund | Benchmark | |
|---|---|---|
| P/E ratio (fwd) | 9.4 | 14.9 |
| P/B ratio (hist) | 1.2 | 2.1 |
| Gross div. yield (fwd) | 4.5 | 2.4 |
| Active share (%)* | 90.4 |
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