Barings Emerging EMEA Opportunities (BEMO) offers the potential for capital growth and income from a diverse region which has little representation in mainstream indices and funds. BEMO was known as Baring Emerging Europe until November 2020 and is run by the same team with the same strategy, but in a wider region with more varied drivers of growth, including both domestic and global themes. Current key themes driving the portfolio include growing demand for the materials used for electric vehicles and the energy transition from fossil fuels, the growth of ecommerce from low bases in these very different markets, as well as local and regional emerging fintech leaders. These modern, secular trends are allied to the local growth of middle classes and consumption in Africa, Eastern Europe and the Middle East, a more traditional set of emerging market growth drivers (see the Portfolio section for a fuller explanation). BEMO has been managed by Matthias Siller since 2008. He was joined by Maria Szczesna, with whom he has worked for over ten years, and Adnan El-Araby as co-managers in 2018. They have a strong track record of generating alpha in emerging Europe, as we discuss in the Performance section. They continue to look for high quality growth companies at attractive valuations within their wider mandate. The objective is to find quality companies from emerging Europe, the Middle East and Africa. BEMO yields 3.2% on an historic basis. While Dividends were reduced in the 2020 financial year, the managers believe their new region offers the potential for attractive dividend growth from diverse income sources. The board can supplement the natural income on the portfolio with up to 1% of NAV per year from capital.
27 Sep 2021
Barings Emerging EMEA Opportunities - Overview
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Barings Emerging EMEA Opportunities - Overview
Barings Emerging EMEA Opportunities PLC GBP (BEMO:LON) | 0 0 0.0% | Mkt Cap: 56.4m
- Published:
27 Sep 2021 -
Author:
Thomas McMahon, CFA -
Pages:
8
Barings Emerging EMEA Opportunities (BEMO) offers the potential for capital growth and income from a diverse region which has little representation in mainstream indices and funds. BEMO was known as Baring Emerging Europe until November 2020 and is run by the same team with the same strategy, but in a wider region with more varied drivers of growth, including both domestic and global themes. Current key themes driving the portfolio include growing demand for the materials used for electric vehicles and the energy transition from fossil fuels, the growth of ecommerce from low bases in these very different markets, as well as local and regional emerging fintech leaders. These modern, secular trends are allied to the local growth of middle classes and consumption in Africa, Eastern Europe and the Middle East, a more traditional set of emerging market growth drivers (see the Portfolio section for a fuller explanation). BEMO has been managed by Matthias Siller since 2008. He was joined by Maria Szczesna, with whom he has worked for over ten years, and Adnan El-Araby as co-managers in 2018. They have a strong track record of generating alpha in emerging Europe, as we discuss in the Performance section. They continue to look for high quality growth companies at attractive valuations within their wider mandate. The objective is to find quality companies from emerging Europe, the Middle East and Africa. BEMO yields 3.2% on an historic basis. While Dividends were reduced in the 2020 financial year, the managers believe their new region offers the potential for attractive dividend growth from diverse income sources. The board can supplement the natural income on the portfolio with up to 1% of NAV per year from capital.