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VanEck Emerging Markets Equity SMA

Overview

The VanEck Emerging Markets Equity SMA strategy seeks long-term capital appreciation by investing in equity securities of emerging markets. The strategy typically invests in the U.S. listed securities, either as an ADR or a direct listing on the NYSE, Nasdaq and OTC, of sufficient liquidity and generally with a market capitalization of approximately $300 million or greater. 


Highlights


  • A global emerging markets equity portfolio focused on companies with structural growth potential at a reasonable price (“SGARP”)
  • Active, bottom-up process driven by fundamental research and rigorous due diligence and engagement
  • Portfolio holdings reflect growth trends centered on domestic demand, innovation, and low disruption risk
  • Managed by a seasoned emerging markets investment team led by David Semple with over 32 years of EM experience

Characteristics as of 03/31/2024

P/E (LTM)  --
P/E (Forward) --
P/B (LTM)                                           --

Market Capitalization (%) as of 03/31/2024

Large (>= $10 billion) --
Mid (< $10 billion >= $2 billion) --
Small (<$1.0b)> --
Average Weighted Market Cap ($ billion) --
Market capitalization (cap) is the value of a corporation as determined by the market price of its issues and outstanding common stock.

Top 10 Holdings (%) as of 03/31/2024

Download All Holdings
Total Holdings: 32
Holding Name % of Net
Assets
Taiwan Semiconductor Manufacturing Co., Ltd. 9.77
MercadoLibre, Inc. 7.43
Nu Holdings Ltd. Class A 6.72
Prosus N.V. Class N 6.47
Fomento Economico Mexicano SAB de CV Units Cons. Of 1 ShsB And 4 ShsD 5.76
HDFC Bank Limited 4.95
MINISO Group Holding Ltd. 4.58
Full Truck Alliance Co. Ltd. Sponsored ADR 3.97
Globant SA 3.97
ReNew Energy Global plc Class A 3.72
&larr; Scroll for more information &rarr;

Country Weightings (%)
as of 03/31/2024

Country % of Net Assets
China 22.85
Brazil 19.19
India 11.63
Mexico 10.22
Taiwan Region 9.77
South Africa 6.47
Argentina 3.97
Uruguay 3.38
Kazakhstan 2.78
Indonesia 2.51
Turkey 2.08
Peru 1.67
South Korea 1.03
Egypt 1.02
United States 0.50
Cash 0.94

Sector Weightings (%)
as of 03/31/2024

Sector % of Net Assets
Consumer Discretionary 30.18
Financials 21.70
Information Technology 14.23
Industrials 10.69
Consumer Staples 8.45
Communication Services 4.00
Utilities 3.72
Real Estate 3.13
Health Care 2.96
Other 0.00
Cash 0.94

Investment Professionals

  • Portfolio Manager for the active Emerging Markets Equity Strategy
  • Oversees the Emerging Markets Equity team including company research, stock selection and portfolio construction
  • Joined VanEck in 1998
  • Prior to VanEck, served on the team sub-advising the VanEck Emerging Markets Strategy at Peregrine Asset Management (Hong Kong)
  • Previously, held regional strategy and sales positions at Peregrine Brokerage (Hong Kong)
  • Formerly a portfolio manager specializing in Asian equity markets at Murray Johnstone (Glasgow)
  • Member of the Association of Investment Management and Research (AIMR); member of the CFA Institute
  • Bachelor of Law with Honors, University of Edinburgh
  • Deputy Portfolio Manager for the active Emerging Markets Equity Strategy
  • Joined VanEck in 2009
  • Prior to VanEck, headed International Equity at ABN AMRO
  • Previously, several senior roles in research, sales, trading and portfolio management with a focus on the Asian and European markets at BNP Paribas (NY/LA), UBS Securities (Hong Kong) and Hill Samuel/BLW (Edinburgh)
  • Senior Analyst for the active Emerging Markets Equity Strategy specializing in Latin America and Europe, Middle East and Africa (EMEA)
  • Joined VanEck in 2014
  • Prior to VanEck, Financial Analyst at Newgate Capital Management
  • MBA, Loyola University
  • BA, Economics, Universidad Catolica Andres Bello (Venezuela)
  • Deputy Portfolio Manager for the active Emerging Markets Equity Strategy specializing in EMEA (Europe, Middle East and Africa)
  • Joined VanEck in 2017
  • Prior to VanEck, Director and Investment Analyst at Caravel Management LLC
  • Previously, Private Equity Summer Fellow at Kaust Investment Management Company
  • CFA charterholder; member of the CFA Society Egypt
  • MBA, Harvard Business School
  • BA, (summa cum laude), Business Administration (concentration in Finance), The American University in Cairo
  • BS, Political Science (minor in Economics), Cairo University
  • Senior Analyst for the VanEck Emerging Markets Equity Strategies with a specialized focus on Chinese equity markets
  • Joined VanEck in 2021
  • Prior to VanEck, Analyst at Allard Partners, Canadian Pension Plan Investment Board, Turiya Capital, Fidelity International, Bain Capital
  • BA, Economics & Environmental Science and MA, International Relations from The University of Chicago
  • Analyst for the active Emerging Markets Equity Strategy specializing in Asia
  • Joined VanEck in 2024
  • Prior to VanEck, Investment Analyst at GQG Partners and Private Equity & Credit Associate at Partners Group
  • CFA Charterholder; member of the CFA Society New York
  • MBA, New York University Stern School of Business
  • BS, Finance and Economics (minor), University of Pittsburgh

Important Definitions & Disclosures

The model is not a mutual fund or other type of security and will not be registered with the Securities and Exchange Commission as an investment company under the Investment Company Act of 1940, as amended, and no units or shares of the model will be registered under the Securities Act of 1933, as amended, nor will they be registered with any state securities regulator. Accordingly, the model is not subject to compliance with the requirements of such acts.

You can lose money by investing in the strategy. Any investment in the strategy should be part of an overall investment program, not a complete program. The strategy is subject to the risks associated with its investments in Chinese issuers, direct investments, emerging market securities, ESG investing, foreign currency transactions, foreign securities, communication services sectors, consumer discretionary sector, financial services sector, information technology sector, other investment companies, Latin American issuers, management, market, operational, restricted securities, sectors, large and medium-capitalization companies risks and special purpose acquisition companies. The strategy's investments in emerging market securities involves risks related to adverse political and economic developments unique to a country or a region, and the possibility of arbitrary action by foreign governments, or political, economic or social instability.

Depositary receipts are receipts listed on U.S. or foreign exchanges issued by banks or trust companies that entitle the holder to all dividends and capital gains that are paid out on the underlying foreign shares. Investments in depositary receipts may be less liquid than the underlying shares in their primary trading market. The issuers of depositary receipts may discontinue issuing new depositary receipts and withdraw existing depositary receipts at any time, which may result in costs and delays in the distribution of the underlying assets and may negatively impact the Account's performance.

The Morgan Stanley Capital International Emerging Markets Index (MSCI EM) is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets. The MSCI Emerging Markets Index consists of the following 24 emerging market country indices: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Kuwait, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Saudi Arabia, South Africa, Taiwan Region, Thailand, Turkey and United Arab Emirates.

Indices are unmanaged and are not securities in which investments can be made.

Model Portfolio information is designed to be used by financial advisors solely as an educational resource, along with other potential resources advisors may consider, in providing services to their end clients. VanEck’s Model Portfolios and related content are for information only and are not intended to provide, and should not be relied on for, tax, legal, accounting, investment or financial planning advice by VanEck, nor should any VanEck Model Portfolio information be considered or relied upon as investment advice or as a recommendation from VanEck, including regarding the use or suitability of any VanEck Model Portfolio, any particular security or any particular strategy. In providing VanEck Model Portfolio information, VanEck is not acting and has not agreed to act in an investment advisory, fiduciary or quasi-fiduciary capacity to any advisor or end client, and has no responsibility in connection therewith, and is not providing individualized investment advice to any advisor or end client, including based on or tailored to the circumstance of any advisor or end client. The Model Portfolio information is provided “as is,” without warranty of any kind, express or implied. VanEck is not responsible for determining the securities to be purchased, held and/or sold for any advisor or end client accounts, nor is VanEck responsible for determining the suitability or appropriateness of a Model Portfolio or any securities included therein for any third party, including end clients. Advisors are solely responsible for making investment recommendations and/or decisions with respect to an end client, and should consider the end client’s individual financial circumstances, investment time frame, risk tolerance level and investment goals in determining the appropriateness of a particular investment or strategy, without input from VanEck. VanEck does not have investment discretion and does not place trade orders for any end client accounts. Information and other marketing materials provided to you by VanEck concerning a Model Portfolio—including allocations, performance and other characteristics—may not be indicative of an end client’s actual experience from investing in one or more of the funds included in a Model Portfolio. Using an asset allocation strategy does not ensure a profit or protect against loss, and diversification does not eliminate the risk of experiencing investment losses. There is no assurance that investing in accordance with a Model Portfolio's allocations will provide positive performance over any period. Any content or information included in or related to a VanEck Model Portfolio, including descriptions, allocations, data, fund details and disclosures are subject to change and may not be altered by an advisor or other third party in any way.

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