A high-conviction equity fund investing in emerging markets, excluding China
East Capital Global Emerging Markets ex China is a high-conviction equity fund that invests in approximately 40 companies across a broad range of emerging markets, intentionally excluding China. The fund is designed to complement portfolios where investors may already have dedicated exposure to China through separate funds or strategies.
Focus on growth at a reasonable price
We target high-quality, attractively valued companies benefiting from structural growth trends across the emerging world. A disciplined bottom-up investment approach, anchored in extensive on-the-ground research, drives stock selection. The result is a focused portfolio with a strong mid- and small-cap bias and high active share, typically above 70%.
A robust and disciplined investment process
Stock returns in emerging markets are influenced by more than just company fundamentals. The investment team also integrates macroeconomic, political, geopolitical, and market structure considerations to build a balanced and resilient portfolio. One key aspect of the portfolio construction process is country neutrality, which means the team avoid large macro bets (and high tracking error) and instead lets their stock picking drive the alpha.
Experienced team with local insights
The core portfolio management team has been with East Capital for an average of 16 years and is primarily based in Asia, maintaining close access to companies and developments across the fund’s key markets. This deep local presence, combined with long-standing experience, strengthens the ability to identify opportunities and manage risks across emerging markets.
Fund benefits
- Fundamental, on-the-ground research
- High-conviction, active approach
- Focus on quality and valuation
- Access to under-researched mid and small-cap names
- Led by a long-tenured and locally embedded team