A strategy suitable for investors seeking exposure to the emerging markets from a portfolio of listed infrastructure securities across a number of infrastructure sub-sectors such as gas, electricity and water utilities, renewables, toll-roads, airports, rail and communication infrastructure.
Growth of AUD $10,000
As at 31 October 2024 (returns in AUD)
Performance | 1 Month | 3 Months | 1 Year | 3 Years | 5 Years | Inception4 |
---|---|---|---|---|---|---|
ClearBridge Emerging Markets Strategy123 | -0.7% | -2.0% | 13.9% | 9.7% | 2.7% | 8.1% |
S&P Emerging Markets Infrastructure Index - Net Return AUD Unhedged | 0.7% | 0.5% | 12.2% | 4.2% | -2.1% | 2.3% |
Excess Returns | -1.4% | -2.5% | 1.7% | 5.5% | 4.8% | 5.8% |
MSCI Emerging Markets Index - Net Return AUD | 1.2% | 3.3% | 21.1% | 3.2% | 5.0% | 4.6% |
As at 31 October 2024
As at 31 October 2024
Top 10 Positions | Region | Sector | Weight % | Forward Dividend % |
---|---|---|---|---|
NTPC LTD | Asia Pacific Developing | Electric | 4.8% | 1.6% |
Tenaga | Asia Pacific Developing | Electric | 4.7% | 3.9% |
ICTS | Asia Pacific Developing | Ports | 4.7% | 0.0% |
Equatorial | Latin America | Electric | 4.4% | 2.1% |
Jasa Marga | Asia Pacific Developing | Toll Roads | 4.2% | 1.6% |
Sabesp | Latin America | Water | 4.1% | 1.2% |
Power Grid | Asia Pacific Developing | Electric | 4.0% | 1.3% |
CCR SA | Latin America | Toll Roads | 3.9% | 3.3% |
Rumo Logistica | Latin America | Rail | 3.8% | 0.2% |
Eletrobras | Latin America | Electric | 3.5% | 5.0% |
Portfolio Weighted Average | October 2024 |
---|---|
Avg Market Capitalisation | 21.7bn (AUD) |
Div Yield (Forward) Gross | 3.5% |
5 Yr DPS Growth (p.a.) | 9.4% |
Avg Stock Gearing (Net Debt/EV) | 33.5% |
Interest Cover (Historic) | 5.1x |
EV/EBITDA (Forward) | 9.4x |
Higher bond yields pressured rate-sensitive sectors such as renewables and communications, while energy infrastructure performed well.
More...In our latest Valuation update, Portfolio Manager, Simon Ong, discusses the contributors to infrastructure returns in the third quarter of 2024, and weighs in on the factors impacting different infrastructure sectors across the globe.
More...China’s bazooka stimulus package symbolised a turning point of growth narrative of emerging markets.
More...The Emerging Markets Strategy is managed by an experienced investment committee comprising of the following members:
For institutional investors looking for opportunities to invest with ClearBridge, please contact us directly.
Investors in other parts of the world may wish to access the strategies through various fund structures available through Franklin Templeton affiliates dependant on your location.
1. Sources: Internal calculations for the Emerging Markets Strategy. All index data sourced from FactSet. Results over one year annualised.
2. Strategy performance is gross of fees.
3. All values on an AUD unhedged basis and net of withholding taxes for benchmarks, if applicable. Non-AUD values converted into AUD using FactSet Forex data.
4. Performance inception date for the Emerging Markets Strategy is 31/03/2008.
Past performance is not indicative of future performance.
While the information contained on this website has been prepared with all reasonable care, ClearBridge Investments* accepts no responsibility or liability for any errors, omissions or misstatements however caused. Any views expressed on this website are given as of the date of publication and such views are subject to change at any time.
This information is not personal advice. It has been prepared without taking account of individual objectives, financial situation or needs. Where an investment product is mentioned, potential investors should seek independent advice as to the suitability of the product to their investment needs. Reference to shares in a particular company, is not a recommendation to buy, sell or hold that stock. Investors should be aware that past performance is not indicative of future performance.
This website may contain forecasts, including in regard to targets, expected returns, PE ratios and dividend yields. Any such statements are based upon research undertaken by the investment teams. This research incorporates our reasonable assumptions and beliefs concerning future developments and their potential effect but are subject to risks and uncertainties that may be beyond our control. Returns can be volatile, reflecting rises and falls in the value of underlying investments. Accordingly, we do not provide any assurance or guarantee that future developments will be aligned with our expectations, and actual results may differ materially from those expected or anticipated at the time of writing.
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Potential investors should read the relevant PDSs and the Additional Information Booklet (“AIB”) before making an investment decision. The PDSs and AIB can be obtained on this website or by contacting us: by telephone on (02) 9397 7351, by writing to ClearBridge Investments Limited (ABN 84 119 339 052; AFSL No. 307727), Level 13, 35 Clarence Street, Sydney, NSW 2000 or by email at [email protected]. Franklin Templeton can be contacted by writing to Franklin Templeton, Level 47, 120 Collins Street, Melbourne, VIC 3000 or by telephone on 1800 673 776.
In accordance with the Design and Distribution Obligations and Product Interventions Powers requirements the Responsible Entity maintains Target Market Determinations (“TMD”) for each of the Funds. All documents can be found on this website on the Forms & Downloads page, by contacting Client Service on (02) 9397 7351 or by email at [email protected].
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*ClearBridge Investments consists of ClearBridge Investments, LLC. (“CBI”) and its affiliated managers whose businesses have been operationally integrated with CBI’s, including ClearBridge Investments Limited and its subsidiary in Australia, and a part of Franklin Templeton Investments Corp. doing business as ClearBridge Investments in Canada.