Funds from the Global Emerging Markets,
BlackRock Emerging Markets, Unicorn
Commenting on the changes,
"On the buy-side, we chose BlackRock Emerging Markets, for its high-turnover approach to investing in emerging markets. Since manager
"From the Unclassified sector, we have chosen AB US Concentrated Equity. The fund takes a very concentrated approach to investing in large-sized companies in the US. The fund focuses on quality, seasoned businesses with clear competitive advantages and
The latest Approved List also highlighted the challenging conditions investors have faced in the early months of 2020 and how they have impacted on certain funds.
"We decided to remove Invesco Global Focus. This fund was previously known as the Invesco Global Opportunities fund up until the end of February this year when it was renamed following the takeover by
"Alongside this, we have been disappointed with the performance of both the Artemis Global Income and Merian Global Equity Absolute Return funds. While the value style of the Artemis fund is out of favour, it has not been helped by some poor stock picking which has delivered periods of consistent underperformance. Merian Global Equity Absolute Return meanwhile has, we believe, lost an unacceptable amount for a fund that is aiming to target absolute returns in all market conditions. While the managers have made several changes recently, it is too early to say whether they will be successful."
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