MILLTRUST INTERNATIONAL
 

Emerging Markets Funds

ACCESS THE BEST EMERGING MARKETS IDEAS FROM THE BEST TALENT WORLDWIDE

Milltrust's investment platforms host a number of the world's leading country and regional emerging markets asset managers from the developing world. These asset managers operate in a unique, regulated environment where investors are guaranteed a safe, transparent, and liquid custodial platform. The Milltrust range of funds (China, India, ASEAN, South Korea, MENA, Latin America) serve as the building blocks for a truly Global Emerging Markets offering that investors can invest in on a stand-alone basis, or through Milltrust’s discretionary-managed Global Emerging Markets Fund.

OUR FUNDS & STRATEGIES

STRATEGY

The Milltrust Global Emerging Markets (GEMS) Fund is a multi-specialist fund that invests in a limited portfolio of regulated emerging markets equity funds and combines Milltrust’s proprietary quantitative modelling techniques and qualitative analysis to establish the geographical allocation between the different regional investment teams that make up the emerging markets index.

Key Features

The objective is to provide a high conviction, liquid portfolio of best ideas securities from across the developing world and to deliver strong risk adjusted returns across the market cycle.

Approach

We favour investment teams with a physical presence in their respective markets and direct access to extensive on-the-ground networks including relationships with companies, industry leaders and government officials in their respective markets.

Our local teams identify investment opportunities using proprietary bottom-up research based on company visits and management interaction.  Investment ideas sourced by our teams are generally not researched by sell analysts.

Having Boots on the Ground, Access and relying on Primary Research provides our local team with an informational edge and strong alpha-generation opportunities due to market inefficiencies.

INVESTMENTS

Fund Terms

Fund profile

Platform:Milltrust International Managed Investments ICAV
Investment Manager:Milltrust International LLP
Structure:Open-ended Investment Company
Strategy:Long biased Global Emerging Markets equities
Domicile:Dublin, Ireland
Inception Date:28 December 2018
Currency:USD
Share Classes:Class (A), Class (B)
Min. Initial Investment:USD 1m (A), USD 1m (B)
Management Fee:0.80% (A), 0.40% (B)
Performance Fee:None (A), 10% over Hurdle Rate (B)
Hurdle Rate:None (A), MSCI Emerging Markets Index (B)
Dealing Frequency:Daily (Dealing deadline: 10 a.m. Irish time – Notice Period prior to the Dealing Day)
Notice Period:5 business days
Lockup:None
Penalty:None
ISIN Code:IE00BYWJSR58 (A), IE00BYWJSS65 (B)
Bloomberg Code:MILGEMS ID
Investor Types:For Professional and Accredited Investors Only
Registered for Distribution in:United Kingdom, Ireland

Service Providers

Administrator:MUFG Alternative Fund Services (Ireland) Ltd.
Custodian:Mitsubishi UFJ Investor Services & Banking (Luxembourg) S.A.
Auditor:KPMG
Legal:William Fry

STRATEGY

Portfolio of low-cost ETFs applying Milltrust’s proprietary quantitative country allocation modelling techniques

OBJECTIVE

The objective is to deliver a low-cost, alpha-generating Emerging Markets portfolio that aims to outperform the MSCI Emerging Markets Index over the market cycle.

METHODOLOGY

Milltrust actively rebalances the exposure towards the more favourable Emerging Markets economies by investing through liquid, country index-tracking ETFs. Milltrust has developed a proprietary systematic country allocation process that drives the geographical exposure. The models are based on a scoring mechanism that compares the countries on the basis of quantitative investment factors that have been shown to convey information about future equity returns.

Strategy

Through Milltrust’s various office locations and our extensive backgrounds managing multi-manager funds and conducting thorough manager research and due diligence, Milltrust offers bespoke emerging markets advisory mandates in hedge funds, traditional investments, and ETFs.

Methodology

Our advisory mandates also leverage off our proprietary systematic country allocation process that drives the geographical exposure. The models are based on a scoring mechanism that compares the countries on the basis of quantitative investment factors that have been shown to convey information about future equity returns

EMERGING MARKETS FUND PRICES

The country/regional specialist investment teams have demonstrated a significant informational edge in their respective regions. Each investment team has also been appointed to manage a country/regional mandate for their respective geography.

Milltrust Global Emerging Markets Fund

CLASS: A

CURRENCY: USD

ISIN: IE00BYWJSR58

INCEPTION: 16/10/2018

NAV/SHARE: 84.11

DATE: 31/01/2019

Milltrust Global Emerging Markets Fund DOCUMENTS

CONTACTS

Milltrust International LLP

6 Stratton Street
London W1J 8LD
United Kingdom
Tel: +44 (0)20 8123 8369
Email: info@milltrust.com

East India Capital Management

East India House
77B Tras Street
Singapore 078978
Tel: +65 6225 3052
Fax: +65 6225 3072
Email: info@eastindiacm.com

MILLTRUST INTERNATIONAL

Milltrust International Managed Investments ICAV

The offering documents for the Milltrust International Managed Investments ICAV are only available to residents of the European Union, as follows:

1. To persons who qualify as a “Professional client” in accordance with Annex II of the Directive 2014/65/EU (Markets in Financial Instruments Directive), as may be amended, replaced, supplemented or novated.

The following qualify as professional clients:

· Entities which are required to be authorised or regulated to operate in the financial markets:

(a) Credit institutions

(b) Investment firms

(c) Other authorised or regulated financial institutions

(d) Insurance companies

(e) Collective investment schemes and management companies of such schemes

(f) Pension funds and management companies of such funds

(g) Commodity and commodity derivatives dealers

(h) Other institutional investors

· Large undertakings meeting two of the following size requirements on a company basis:

(a) balance sheet total: EUR 20 000 000

(b) net turnover: EUR 40 000 000

(c) own funds: EUR 2 000 000

· National and regional governments, public bodies that manage public debt, Central Banks, international and supranational institutions such as the World Bank, the IMF, the ECB, the EIB and other similar international organisations.

· Other institutional investors whose main activity is to invest in financial instruments.

I/We hereby certify that I/we am/are a professional client as defined above.

2. To persons who have received an appraisal from an EU credit institution, a MiFID firm or a UCITS management company that they have the appropriate expertise, experience and knowledge to adequately understand the potential investment in the Milltrust International Managed Investments ICAV.

I/We hereby certify that I/we am/are an investor who has received an appraisal as set out above.

I/We hereby indemnify and hold harmless Milltrust International Managed Investments ICAV, Milltrust International LLP, any other member of the group of entities owned by Milltrust International Group (Singapore) Pte. Ltd. and their respective directors, members, partners, agents, officers and anyone acting on their behalf from and against all damages, losses, costs and expenses (including, without limitation, reasonable attorneys’ fees) which they may incur by reason of any material breach of the above representations and warranties made by me/us.