Investment Objective
To achieve long-term capital growth that exceeds the MSCI Emerging Markets Index (NZD) before fees and taxes, over rolling five-year periods.
Investment Strategy
The Fund invests primarily in large and mid-capitalisation securities in emerging economies, including those of companies listed on developed market exchanges whose majority activities take place in emerging market countries.
Emerging market countries are defined as countries which are not classified as developed markets by both MSCI and FTSE. For the avoidance of doubt, a country shall be treated as an emerging market country if it is not classified as a developed market by either the MSCI or the FTSE. The Fund does not hedge currency risk.
The Fund may use derivatives for the purpose of reducing risk and/or cost. The SIPO sets out the manner in which the Fund takes into account the ESG considerations in relation to the selection, retention and realisation of investments, please refer to section D. 'Responsible Investment' of the SIPO.
The FSSA Global Emerging Markets Focus Fund was established on 2 September 2022 as the Stewart Investors Worldwide Leaders Sustainability Fund. Effective 2 June 2026, it transitioned to the FSSA Global Emerging Markets Focus Fund, and on the same date the benchmark changed to MSCI Emerging Markets Index (NZD), from MSCI All Country World Index (NZD).
