Ashoka WhiteOak Emerging Markets Trust Plc - Monthly Update - April 2024
(the "Company")
Monthly Update -
The Company's monthly factsheet as at
The Company has delivered a NAV total return of 14.0% since inception to
Significant contributors for the month of
Notable detractors include CIE Fin. Richemont (-7.8%, a
Market Review
In
For the month, Communication Services and Consumer Discretionary outperformed, while Information Technology and Healthcare underperformed. Large caps outperformed mid and small caps this month. Among major EM markets,
Top 10 Holdings
__________________________________________________________ |Top 10 holdings (as at 30 Apr, 2024)|Country |% of NAV| |____________________________________|____________|________| |1. TSMC |Taiwan |6.3 | |____________________________________|____________|________| |2. Samsung Electronics |Korea |4.7 | |____________________________________|____________|________| |3. Naspers |South Africa|2.2 | |____________________________________|____________|________| |4. Hong Kong Exchanges & Clearing |China/HK |2.1 | |____________________________________|____________|________| |5. DOMS Industries |India |1.9 | |____________________________________|____________|________| |6. Prosus NV |Netherlands |1.7 | |____________________________________|____________|________| |7. DBS Group Holdings |Singapore |1.6 | |____________________________________|____________|________| |8. SK Hynix |South Korea |1.6 | |____________________________________|____________|________| |9. Alibaba Group |China/HK |1.6 | |____________________________________|____________|________| |10. Hermes Intl |France |1.5 | |____________________________________|____________|________| |Total | |25.2% | |____________________________________|____________|________|
Key Contributors
31 Mar 2024 - 30 Apr 2024 Ending Total Contribution to Key Contributors Weight (%) Return (%) Return (bps) DOMS Industries Limited 1.9 +19.0 +31 Hong Kong Exchanges 2.1 +11.5 +22 Anglo American 0.7 +35.0 +18 Coupang, Inc. Class A 0.7 +27.6 +18 Qualitas Controladora S.A.B. 1.2 +14.0 +15
Key Detractors
31 Mar 2024 - 30 Apr 2024 Ending Total Contribution to Key Detractors Weight (%) Return (%) Return (bps) Compagnie Fin Richemont SA 1.4 -7.8 -12 LVMH Louis Vuitton SE 1.4 -6.4 -9 Hermes International 1.5 -5.0 -8 Koh Young Technology 0.5 -15.9 -10 Samsung Electronics 4.7 -7.6 -41
Source: Factset. Past performance does not predict future returns. The performance calculation is based on GBP. Currency fluctuations will also affect the value of an investment.
1 Benchmark index - MSCI Emerging Markets Net Return Sterling (Bloomberg MGEF)
Past performance cannot be relied on as a guide to future performance.
About
4
Data as at 30
th
Further Information
For further information on the Company's investment strategy and portfolio construction approach as well as details of the portfolio market cap, regional and sector composition please refer to the latest factsheet.
Investment Objective
To achieve long-term capital appreciation, primarily investing in equity and equity-related securities that provide exposure to global emerging markets.
Summary of Investment Policy
The Company shall invest primarily in securities admitted to trading on any stock exchange (which may include stock exchanges in Developed Markets) that provide exposure to companies that are domiciled in Global Emerging Markets (EMs), or that are domiciled in Developed Markets but at the time of investment, derive a majority of their economic value, revenues or profits from, or whose assets or cost base are mainly located in EMs.
The Company's LEI is 254900Z4X5Y7NTODRI75
For further information:
Company Secretary
AWEMT.Cosec@jtcgroup.com +44 207 409 0181
Prashant Khemka ViaBuchanan Fadrique Balmaseda Ben Hayward
Mark Thompson +44 (0) 20 7016 6711Eddie Nissen +44 (0) 20 7016 6713Oliver Kenyon +44 (0) 20 7016 6704
Buchanan
Henry Harrison-Topham +44 (0) 20 7466 5000 Henry Wilson AWEM@buchanancomms.co.ukGeorge Beale
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