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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Genesis Emerging Markets Fund Ld | LSE:GSS | London | Ordinary Share | GG00B4L0PD47 | PTG NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 869.00 | 871.00 | 872.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMGSS
Genesis Emerging Markets Fund Ld
16 October 2019
London, UK, 16 October 2019
Edison issues review on Genesis Emerging Markets Fund (GSS)
Genesis Emerging Markets Fund (GSS) was launched in 1989 and is one of the first funds listed in the UK focused on this asset class. Its objective is to deliver capital growth over the long term through investing in high-quality companies listed in, or with substantial exposure to, emerging markets. Unconstrained by index considerations, the portfolio reflects the highest-conviction investment ideas from a team of emerging markets specialists. The fund has a solid long-term track record of outperforming the MSCI Emerging Markets Index and, over the past 10 years, has delivered an annualised NAV total return of 8%. Investor appetite for the asset class is currently subdued; however, the manager has a long-term investment horizon and is finding exciting opportunities.
GSS trades on a 10.5% discount to its cum-income NAV, which is narrower than its three-year average of 12.2%. The board recently introduced several measures to broaden the appeal of the fund, including a further tender offer if the fund's NAV total return over five years to June 2021 does not exceed that of its benchmark. Combined with continued solid performance and the potential for improved sentiment towards emerging markets, there is scope for the discount to narrow.
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All reports published by Edison are available to download free of charge from its website
www.edisongroup.com
About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
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Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.
For more information please contact Edison:
Helena Coles, +44 (0)20 3681 2522
Sarah Godfrey, +44 (0)20 3681 2519
investmenttrusts@edisongroup.com
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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
October 16, 2019 10:57 ET (14:57 GMT)
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