Unconstrained, concentrated approach to emerging markets growth investing
KEY CHARACTERISTICS & MATERIALS
- Bottom-up stock selection based on rigorous fundamental research drives returns over market cycles
- Opportunistic, unconstrained approach seeks to exploit inefficiencies around the developing world, allows flexibility in locating and identifying growth across market capitalizations
- With high active risk and reasonable concentration, we believe high-conviction ideas drive returns over market cycles
$57.8 Million as of 12/31/19
|Benchmark:||MSCI Emerging Markets Index|
|No. of Holdings:||Typically 35 – 45|
|Avg. Position Size:||1 – 4% of portfolio|
|Top Ten Positions:||Typically 35 - 45%|
Emerging Markets portfolios are managed by three portfolio managers. The strategy has access to 27 sector research analysts, many of whom are global sector specialists who also work on other equity strategies.Meet The Team
|As of December 31, 2019||Qtr||1 Year||3 Year||5 Year||10 Year||Since Inception|
|Emerging Markets Equity Composite - Gross||7.5||31.8||15.6||7.3||-||6.3|
|Emerging Markets Equity Composite - Net||7.3||30.8||14.7||6.6||-||5.6|
|MSCI Emerging Markets Index (Net)||11.8||18.4||11.6||5.6||-||4.4|
Source: Jennison/MSCI. Source for MSCI Emerging Markets Index data: MSCI. Past performance does not guarantee future results. Performance results are calculated in US dollars and reflect reinvestment of dividends and other earnings. Inception of Emerging Markets Equity Composite: 9/30/14. Periods greater than one year are annualized. Please refer to the GIPS presentation for additional details, important performance information and disclosures.
Jennison Associates is a registered investment advisor and a Prudential Financial company. Jennison Associates LLC has not been licensed or registered to provide investment services in any jurisdiction outside the United States. Certain investment vehicles are distributed or offered through Prudential Investment Management Services LLC (also a Prudential Financial Company) or other affiliated entities. Additionally, vehicles may not be registered or available for investment in all jurisdictions.
This web site is not intended as an offer or solicitation with respect to the purchase or sale of any security or other financial instrument or any investment management services. It does not constitute investment advice, should not be used as the basis for any investment decision, and does not purport to provide any legal, tax or accounting advice. This is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence.
Please remember that there are inherent risks involved with investing in the markets, and your investments may be worth more or less than your initial investment upon redemption. There is no guarantee that the investment managers’ objectives will be achieved. Further, there is no assurance that any strategies, methods, sectors, or any investment programs herein were or will prove to be profitable, or that any investment recommendations or decisions we make in the future will be profitable for any investor or client. Professional money management is not suitable for all investors.
For visitors domiciled in Canada: Jennison Associates LLC ("Jennison") has its principal place of business in the United States and is not registered in Canada and relies on the international adviser registration exemption in NI 31‐103 and is limited to providing services to "permitted clients."
In Australia, Jennison Associates LLC ("Jennison") has authorized the issue of this material for use solely by wholesale clients as defined in the Corporations Act of 2001. A registered investment adviser regulated by the SEC, Jennison is exempt from the need to hold an Australian financial services license (AFSL) for financial services provided to Australian wholesale clients on certain conditions. Financial services provided by Jennison are regulated by the SEC under the laws and regulatory requirements of the United States, which are different from the laws applying in Australia.
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The risks associated with investing include but are not limited to: derivative securities, which may carry market, credit, and liquidity risks; short sales, which involve costs and the risk of potentially unlimited losses; leveraging, which may magnify losses; small/mid cap stocks which may be subject to more erratic market movements than large cap stocks; foreign securities, which are subject to currency fluctuation and political uncertainty; real estate, which poses certain risks related to overall and specific economic conditions as well as risks related to individual property, credit and interest-rate fluctuations; and mortgage-backed securities, which are subject to prepayment and extension risks.
Thematic and concentrated portfolios may not be suitable for all investors. Such portfolios are non-diversified, so a loss resulting from a particular security will have greater impact on the portfolio’s return. Fixed income investments are subject to interest rate risk, and their value will decline as interest rates rise.
Your investment objectives, risk tolerance, and liquidity needs must be reviewed before suitable programs can be recommended. Asset allocation and diversification strategies do not assure a profit or protect against loss in declining markets. Investors should consult with their attorney, accountant, and/or tax professional for advice concerning their particular situation.