Investment Strategy
The fund management focuses on companies with convincing structural growth and high long-term earnings. These companies are based in Emerging Asian countries, but often operate globally. Based on fundamental stock selection, companies are selected that achieve sustainable growth over long periods of time with high profitability. Investments are made primarily in large caps as well as high-growth smaller and medium-sized stocks. The decisive criteria for these business models are high entry barriers, end markets with structural growth and excellent management teams.
- Concentrated portfolio of about 45 stocks
- All cap approach, i.e. exploiting investment opportunities across all market segments
- Long-term investment horizon and therefore low portfolio turnover
- Benchmark-agnostic approach
Learn more about our investment philosophy in equity fund management
Fund data
| ISIN | LU2491196288 |
|---|---|
| WKN | A3DN78 |
| Inception date | 10.03.2026 |
| Issue price (18.05.2026) | 116.86 EUR |
| Redemption price (18.05.2026) | 116.86 EUR |
| Fund volume | 183.26 Mio. EUR |
| Share class volume | 19.67 Mio. EUR |
| Currency Fund / Share Class | USD / EUR |
| Minimum investment | 10,000,000.00 EUR |
| Asset Manager | Joh. Berenberg, Gossler & Co. KG |
| Management company | Universal-Investment-Luxembourg S.A. |
| Custodian | BNP Paribas Luxembourg Branch |
| Use of income | Accumulating |
| End of financial year | 31.12. |
| Registration and Distribution | DE, AT, CH |
Costs
| Issue surcharge | none |
|---|---|
| Flat-rate fee p.a. | 0.75% |
| Total Expense Ratio (TER) p.a. | 1.23% |
| Performance fee | Up to 10% vs MSCI All Country Asia ex Japan |
Chances and risks
| Chances | Risks |
|---|---|
| High potential returns from equities in the long term. Growth stocks, small caps, and specific sectors, countries, or market segments may outperform the market in certain phases.Improvement of the risk/return profile through individual stock analysis and active management.Stabilization of assets in negative capital market phases through professional risk management and intelligent diversification. | Fluctuations in value and price losses from stocks and the potential use of derivatives are possible – both overall and in individual stock market years. |
| Attractive growth prospects in emerging markets. | Growth stocks, small caps, and specific sectors, countries, or market segments may underperform during certain periods. |
| There is no guarantee of success for individual stock analysis and active management. | |
| Investments and transactions in foreign currencies are subject to exchange rate risks. | |
| Increased price fluctuations and risks of loss or default are possible when investing in emerging markets. |
Further details on the opportunities and risks of this fund can be found in the sales prospectus.
Currencies
Sectors
Countries
Asset classes
Top Holdings
Monthly market comment
Following the initial euphoria about the ceasefire, stalled negotiations and the restricted passage of the Strait of Hormuz continued to weigh on the markets. Nevertheless, equity markets remained robust: global indices traded near all-time highs and appeared to have largely priced in a normalization of the situation. In this environment, the Berenberg Emerging Asia Focus Fund was able to beat its benchmark. SK Hynix rose as investments in AI data centers bolstered confidence in the memory recovery. Samsung benefited from strong earnings, and Gold Circuit Electronics was driven by an accelerated capacity expansion. On the other hand, Zijin Gold had a negative impact, suffering from a sharp drop in the price of gold. Tencent was under pressure as high AI investments weighed on margins, while Singapore Telecommunications fell on concerns of a share overhang.
Portfolio Management
Javier Garcia
Javier Garcia has been a portfolio manager at Berenberg since October 2022. He began his investment career in 2002 at Julius Baer Asset Management (later Swiss & Global Asset Management), where he became Co-Manager of the JB Global Emerging Markets Equity Fund in 2006 and additionally served as Lead Fund Manager of the JB Black Sea Fund and the JB Russia Stock Fund from 2009 onwards. From 2013 to 2022, he has been Senior Portfolio Manager Emerging Markets Equities at UBS Wealth Management. In this role, he built and managed the Global Emerging Markets and Asian Equities business. Javier Garcia holds a Bachelor in Business Administration and Economics from the University of Zurich and is a CFA Charterholder.
Dr. Jianan He
Jianan He has been a portfolio manager at Berenberg since July 2023. She started her career in 2020 at ODDO BHF Asset Management, where she was a Quantitative Equity Analyst focusing on multi-factor investment strategies for global and emerging equity markets. Jianan He holds a PhD in empirical finance from the Technical University of Darmstadt and is a CFA Charterholder.
CO₂-Intensity
The fund does not actively manage its carbon footprint, however, emissions data such as CO2 intensity are relevant parameters which can be used to assess the efficient management of a company and the extent of transition risks.
ESG Score
The data provider MSCI ESG uses an ESG score of 0 to 10 to assess the management of material ESG risks of portfolio holdings compared to competitors.
ESG Controversies Screen
Investments in the fund are monitored for ESG controversies and, with the help of MSCI ESG data, flagged according their severity. Thereby, potential ESG risks of investments are identified. In the case of an orange flag (severe controversy), we enter into an active exchange with the company. In the case of a red flag (very severe controversy), the company is excluded.
