This equity fund aims to generate long-term capital growth and has a sustainable investment objective, while respecting risk diversification.
The fund invests across emerging markets in a concentrated portfolio mainly including stocks of companies which are among the leaders in their industry, offer high and sustainable profitability potential, contribute to fulfilling the United Nations' Sustainable Development Goals (UN SDG), and whose stock prices have attractive upside versus the estimated enterprise values at the time of the investment.
The specialized and seasoned investment team takes long-term high conviction investment decisions based on in-depth research combined with systematic screening. The team selects stocks by systematically considering ESG criteria (Environmental, Social, Governance) in accordance with sustainablity requirements. The team actively adapts portfolio positions to seize attractive new opportunities and control risks always in line with their latest assessment of investment conditions.
All data is as at 31 Mar 2026 unless otherwise indicated.
| 1M | YTD | 1Y | 3 yrs p.a. | 5 yrs p.a. | Since Inception | |
|---|---|---|---|---|---|---|
| I USD | -11.8% | 1.4% | 32.1% | 11.1% | -0.4% | 23.6% |
| Index | -13.0% | -0.6% | 28.5% | 14.5% | 3.5% | 45.8% |
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| I USD | 30.9% | 1.5% | 9.0% | -27.0% | -6.0% | NA | NA | NA | NA | NA |
| Index | 33.0% | 7.5% | 9.8% | -20.1% | -2.5% | NA | NA | NA | NA | NA |
| Portfolio | Index | |||
|---|---|---|---|---|
| Volatility | 15.6% | 15.4% | ||
| Sharpe Ratio | 0.4 | |||
| Information Ratio | negative | |||
| Tracking error | 4.0% | |||
| Active Share (country, issuer, ISIN) | 23% / 68% / 69% | |||
| [3 years annualized] | ||||
Until 15.4.2025, the reference index of the fund was the MSCI Emerging Markets TRN.
All data is as at 12 May 2026 unless otherwise indicated.
| Portfolio Manager | Raphael Lüscher/Thomas Schaffner |
|---|---|
| Fund Domicile | Luxembourg |
| Fund Currency | USD |
| Share Class Currency | USD |
| Year End | 31 March |
| Index | MSCI EM Index 10/40 Net TR |
| Share Class Launch Date | 11 Feb 2020 |
| Distribution Type | Accumulating |
| Swing Pricing Eligible | Yes |
| SFDR Classification | Article 9 |
| Fund Registrations | AT, BE, CH, DE, FI, FR, GB, IT, LU, NO, SE |
| Share Class Registrations | AT, BE, CH, DE, FI, FR, IT, LU, NO, SE |
| Highest since launch | 157.12 |
|---|---|
| Lowest since launch | 72.98 |
| Fund size in mln. | USD 62.26 |
| Share class size in mln. | USD 37.50 |
| Management Fee | 0.82% |
|---|---|
| Max Management Fee | 0.82% |
| TER* | 1.29% (30 Sep 2025) |
| OCF | 1.29% (30 Sep 2025) |
| Luxembourg Taxe d Abonnement | 0.01% |
| ISIN | LU2056571420 |
|---|---|
| Ticker | V2MSEMI |
| Valor | 50879418 |
| Bloomberg | V2MSEMI LX |
| WKN | A2PW6E |
| Investment Manager | Vontobel Asset Management AG, Zürich |
|---|---|
| Depositary | State Street Bank International GmbH (Luxembourg Branch) |
| Management Company | Vontobel Asset Management SA, Luxembourg |
| Swiss Paying Agent | Bank Vontobel AG |
| Swiss Representative | Vontobel Fonds Services AG |
| Share class | Currency | ISIN | Distrib. | Type | Launch date | Management Fee | TER* |
|---|---|---|---|---|---|---|---|
| B | USD | LU2092418891 | Accumulating | Retail | 11 Feb 2020 | 1.65% | 2.15% (30 Sep 2025) |
| B | EUR | LU2092419519 | Accumulating | Retail | 11 Feb 2020 | 1.65% | 2.15% (30 Sep 2025) |
| I | USD | LU2056571420 | Accumulating | Institutional | 11 Feb 2020 | 0.82% | 1.29% (30 Sep 2025) |
| S | USD | LU2092418628 | Accumulating | Institutional | 11 Feb 2020 | 0.00% | 0.33% (30 Sep 2025) |
Subject to change, without notice, only the current prospectus or comparable document of the fund is legally binding.
* TER includes performance fee where applicable
All data is as at 31 Mar 2026 unless otherwise indicated.
| Position | Allocation | |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Ltd | 9.6% | |
| Tencent Holdings Ltd | 5.2% | |
| Samsung Electronics Co Ltd | 5.1% | |
| Cia Saneamento Basico De Sp | 3.6% | |
| Contemporary Amperex Techn-A | 3.5% | |
| Itau Unibanco Holding S-Pref | 3.5% | |
| Alibaba Group Holding Ltd | 3.4% | |
| Sk Hynix Inc | 3.4% | |
| Ping An Insurance Group Co-H | 3.1% | |
| Grupo Financiero Banorte-O | 3.1% |
View all documents View latest documents
| Document | Date | DE | EN | ES | FR | IT |
|---|---|---|---|---|---|---|
| Factsheets & Commentaries | ||||||
| Factsheet | Mar 2026 | |||||
| Factsheet | Feb 2026 | |||||
| Factsheet | Jan 2026 | |||||
| Factsheet | Dec 2025 | |||||
| Factsheet | Nov 2025 | |||||
| Factsheet | Oct 2025 | |||||
| Factsheet | Sep 2025 | |||||
| Factsheet | Aug 2025 | |||||
| Factsheet | Jul 2025 | |||||
| Factsheet | Jun 2025 | |||||
| Factsheet | May 2025 | |||||
| Factsheet | Apr 2025 | |||||
| Factsheet | Mar 2025 | |||||
| Factsheet | Feb 2025 | |||||
| Factsheet | Jan 2025 | |||||
| Factsheet | Dec 2024 | |||||
| Factsheet | Nov 2024 | |||||
| View more Factsheets & Commentaries View less Factsheets & Commentaries | ||||||
| PRIIPs KIDs | ||||||
| Key Information Document (KID) | Jan 2026 | |||||
| Legal Documents | ||||||
| Articles of Association | Apr 2017 | |||||
| Notification to Investors | Dec 2025 | |||||
| Notification to Investors | Mar 2025 | |||||
| Notification to Investors | Dec 2024 | |||||
| Notification to Investors | Oct 2024 | |||||
| Notification to Investors | Sep 2024 | |||||
| Notification to Investors | Jun 2024 | |||||
| Notification to Investors | Oct 2022 | |||||
| Notification to Investors | Jan 2022 | |||||
| Notification to Investors | Aug 2021 | |||||
| Notification to Investors | May 2021 | |||||
| Notification to Investors | Mar 2021 | |||||
| Notification to Investors | Feb 2021 | |||||
| Notification to Investors | Jun 2020 | |||||
| Notification to Investors | Sep 2019 | |||||
| Notification to Investors | Dec 2018 | |||||
| Sales Prospectus | Jan 2026 | |||||
| View more Legal Documents View less Legal Documents | ||||||
| Sustainability Related Disclosures | ||||||
| Exclusion Framework | Jan 2026 | |||||
| Periodic Disclosure | Mar 2025 | |||||
| Pre-contractual Disclosure | Jan 2026 | |||||
| Statement on principal adverse impacts of investment decisions on sustainability factors | Jun 2025 | |||||
| Sustainability Related Disclosures | Jan 2026 | |||||
| Sustainability Related Disclosures | Apr 2025 | |||||
| Swiss Climate Scores | Mar 2026 | |||||
| Financial Reports | ||||||
| Annual Distribution | Jul 2025 | |||||
| Annual Distribution | Apr 2025 | |||||
| Annual Distribution | Jul 2024 | |||||
| Annual Report | Mar 2025 | |||||
| Distribution Dates | Jan 2026 | |||||
| Quarterly Distribution | Apr 2026 | |||||
| Quarterly Distribution | Jan 2026 | |||||
| Quarterly Distribution | Oct 2025 | |||||
| Quarterly Distribution | Jul 2025 | |||||
| Quarterly Distribution | Apr 2025 | |||||
| Quarterly Distribution | Jan 2025 | |||||
| Quarterly Distribution | Oct 2024 | |||||
| Quarterly Distribution | Apr 2024 | |||||
| Semi-Annual Report | Sep 2025 | |||||
| View more Financial Reports View less Financial Reports | ||||||
| Dealing Information | ||||||
| Holiday Calendar 2026 | Jan 2026 | |||||
| List of Active Retail Share Classes | Jan 2025 | |||||
| Policies | ||||||
| mtx ESG Guidlines | Sep 2024 | |||||
| Shareclass Naming Convention | Jan 2026 | |||||
RISKS
Subject to change, without notice, only the current prospectus or comparable document of the fund is legally binding.
Limited participation in the potential of single securities
Success of single security analysis and active management cannot be guaranteed
It cannot be guaranteed that the investor will recover the capital invested
Derivatives entail risks relating to liquidity, leverage and credit fluctuations, illiquidity and volatility
Price fluctuations of investments due to market, industry and issuer linked changes are possible
Investments in emerging markets may be affected by political developments, currency fluctuations, illiquidity and volatility
Information on how sustainable investment objectives are achieved and how sustainability risks are managed in this Sub-Fund may be obtained here.
Neither the Sub-Fund, nor the Management Company nor the Investment Manager make any representation or warranty, express or implied, with respect to the fairness, correctness, accuracy, reasonableness or completeness of an assessment of ESG research and the correct execution of the ESG strategy.
Any index or supporting data referred to is the intellectual property (including registered trademarks) of the applicable licensor. Any product based on an index is in no way sponsored, endorsed, sold or promoted by the applicable licensor and it shall not have any liability with respect thereto. Refer to vontobel.com/terms-of-licenses for more details.
Morningstar rating: © 2026 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
