Please ensure Javascript is enabled for purposes of website accessibility Emerging Markets Opportunities Fund - Janus Henderson Investors - UK financial professionals
{{banner.link_text}}
For financial professionals in the UK

Emerging Markets Opportunities Fund

By investing in emerging market companies at the intersection of attractive country, governance and fundamental analysis, we seek to deliver strong risk-adjusted returns

ISIN
GB00BJ0LFC20

NAV
GBP 209.20p
As of 12/03/2025

1-Day Change
GBP 1.20p (0.58%)
 As of 12/03/2025

Overview

INVESTMENT OBJECTIVE

The Fund aims to achieve a return through capital growth and income, that is above the average return expected from an investment in emerging market shares. The Fund invests predominantly in shares of companies with their registered office in Emerging Markets or which do most of their business (directly or through subsidiaries) in Emerging Markets. The Fund may also invest in American depositary receipts (ADRs), money market instruments and bank deposits. The Fund may use derivatives to reduce risk or to manage the Fund more efficiently.

The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is a Marketing Communication and does not qualify as an investment recommendation.

ABOUT THIS FUND

This style-agnostic fund seeks to identify the most compelling emerging market opportunities across countries and corporations in various stages of political and economic development.

WHY INVEST IN THIS FUND

All-Cap, Style-Agnostic Portfolio
We seek to uncover the most compelling opportunities across countries and regimes in various stages of economic and political development. We broaden the investable universe by looking outside of the index and diluting state-owned enterprises (SOEs) to create a pool of best ideas.

Robust Approach Focuses on the Intersection of Country, Governance and Fundamental Analysis
We identify investment ideas through an improving direction of travel in country, governance or fundamental analysis. Governance is a crucial factor in the investment process. Our belief is controlling shareholders often do not oversee the company in a manner that would benefit all shareholders and not all political regimes provide predictable rule of law.

Experienced Investment Manager Strives for Compelling Results
The Portfolio Manager has nearly a quarter-century of investment experience in this volatile asset class and has developed a unique perspective through his experience, background and culture. The Manager is supported by a sophisticated team of dedicated analysts that closely collaborates with the broader Firm’s complete roster of sector analysts.

Past performance does not predict future returns. 
 

Portfolio Management

Daniel J. Graña, CFA

Portfolio Manager

Industry since 1995. Joined Firm in 2019.

Matthew Culley

Portfolio Manager | Research Analyst

Industry since 2008. Joined Firm in 2019.

Performance

Past performance does not predict future returns. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Discrete Performance (%)
As of 31/12/2024
E Acc (Net) MSCI EM GR IA Global Emerging Markets
 
As of 31/12/2024 2023/2024 2022/2023 2021/2022 2020/2021 2019/2020
E Acc (Net) 7.63 1.33 -17.76 -1.08 18.62
MSCI EM GR 9.98 4.05 -9.62 -1.32 15.02
IA Global Emerging Markets 8.03 4.29 -12.36 -0.36 13.56

Index Description

The MSCI Emerging Markets Index is a measure of the combined performance of large and medium sized companies from emerging stock markets. It forms the basis of the Fund's performance target and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

The E Acc share class was launched on 01/01/1970. Performance prior to that date is past performance based on the A Acc share class of the same fund which has a different current ongoing charge included of 1.81.
Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
Performance fees are charged separately as a way of rewarding the investment manager for superior returns or for outperforming specified targets. A Performance Fee is accrued where the NAV outperforms the relevant Hurdle NAV (subject to a High Water Mark).
© Morningstar 2025. All rights reserved. NAV-NAV, net income reinvested where applicable.
Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.
Please note the performance target is to be achieved over a specific annualised time period. Refer to the performance target wording within the objective.
On 02/08/22 the fund received a windfall tax refund as a result of a successful settlement of historic tax claims filed with HM Revenue & Customs that increased the NAV by 0.57%. This uplift is reflected in all performance figures that span that date.
Cumulative & Annualised Performance (%)
As of 28/02/2025
E Acc (Net) MSCI EM GR IA Global Emerging Markets
  
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
27/02/1987
E Acc (Net) -2.02 0.33 5.89 -0.86 2.28 3.28 5.97
MSCI EM GR -0.82 1.77 11.16 3.08 4.98 6.04 -
IA Global Emerging Markets -1.35 0.71 7.61 2.01 3.97 5.10 -
 
  Annualised
3YR 5YR 10YR Since Inception
27/02/1987
E Acc (Gross) - 3.61 4.86 7.77
MSCI EM GR + 2.00% - 7.08 8.16 -

Index Description

The MSCI Emerging Markets Index is a measure of the combined performance of large and medium sized companies from emerging stock markets. It forms the basis of the Fund's performance target and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

The E Acc share class was launched on 24/06/2019. Performance prior to that date is past performance based on the A Acc share class of the same fund which has a different current ongoing charge included of 1.81.
Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
© Morningstar 2025. All rights reserved. NAV-NAV, net income reinvested where applicable.
Performance fees are charged separately as a way of rewarding the investment manager for superior returns or for outperforming specified targets. A Performance Fee is accrued where the NAV outperforms the relevant Hurdle NAV (subject to a High Water Mark).
Performance/performance target related data will display only when relevant to the fund/share class inception date and the annualised target time period.
Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.
On 02/08/22 the fund received a windfall tax refund as a result of a successful settlement of historic tax claims filed with HM Revenue & Customs that increased the NAV by 0.57%. This uplift is reflected in all performance figures that span that date.
Calendar Year Returns (%)
As of 31/12/2024
E Acc (Net) MSCI EM GR IA Global Emerging Markets
2024 2023 2022 2021 2020
E Acc (Net) 7.63 1.33 -17.76 -1.08 18.62
MSCI EM GR 9.98 4.05 -9.62 -1.32 15.02
IA Global Emerging Markets 8.03 4.29 -12.36 -0.36 13.56

Index Description

The MSCI Emerging Markets Index is a measure of the combined performance of large and medium sized companies from emerging stock markets. It forms the basis of the Fund's performance target and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

The E Acc share class was launched on 24/06/2019. Performance prior to that date is past performance based on the A Acc share class of the same fund which has a different current ongoing charge included of 1.81.
Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
Performance fees are charged separately as a way of rewarding the investment manager for superior returns or for outperforming specified targets. A Performance Fee is accrued where the NAV outperforms the relevant Hurdle NAV (subject to a High Water Mark).
© Morningstar 2025. All rights reserved. NAV-NAV, net income reinvested where applicable.
Performance/performance target related data will display only when relevant to the fund/share class inception date and the annualised target time period.
Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.
Please note the performance target is to be achieved over a specific annualised time period. Refer to the performance target wording within the objective.
On 02/08/22 the fund received a windfall tax refund as a result of a successful settlement of historic tax claims filed with HM Revenue & Customs that increased the NAV by 0.57%. This uplift is reflected in all performance figures that span that date.

Recommended holding period 5 Years

Example Investment: GBP 10,000

Scenarios If you exit after 1 year If you exit after 5 years
MinimumThere is no minimum guaranteed return. You could lose some or all of your investment
StressWhat you might get back after costs3,370 GBP2,780 GBP
Average return each year-66.28%-22.61%
UnfavourableWhat you might get back after costs7,210 GBP7,720 GBP
Average return each year-27.95%-5.03%
ModerateWhat you might get back after costs9,640 GBP10,210 GBP
Average return each year-3.65%0.41%
FavourableWhat you might get back after costs14,310 GBP17,650 GBP
Average return each year43.06%12.03%
There is currently insufficient data to provide a useful indication of past performance to investors.
Fee Information
Initial Charge 5.00%
Annual Charge 1.00%
Ongoing Charge
(As of 30/11/2024) 		1.31%
For more information about charges, please see our fund charges page or the “charges” section of the fund’s prospectus.

Portfolio

Top Holdings (As of 31/01/2025)
% of Fund
Taiwan Semiconductor Manufacturing 9.80
Tencent 6.11
Samsung Electronics 3.83
Full Truck Alliance 3.42
HDFC Bank 3.27
Contemporary Amperex Technology 3.25
BYD 2.97
NAVER 2.77
Bharti Airtel 2.74
AIA Group 2.71
References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its employees, may have a position in the securities mentioned.

Documents

Related Insights

Our intellectual capital is readily available and central to our Knowledge Shared approach"
Related Insights
Rising to the occasion: India in the twenty-first century
14 Feb 2025
Features & Outlooks

Rising to the occasion: India in the twenty-first century

How India is leveraging government reforms and innovation to position itself to deliver strong economic and earnings growth.

9 min read

EM Equities: How Chinese EVs herald a shift in global manufacturing’s balance of power
6 Jan 2025
Timely & Topical

EM Equities: How Chinese EVs herald a shift in global manufacturing’s balance of power

Research Analyst Douglas Turnbull outlines how Chinese electrical vehicle manufacturers promise to redefine global mobility, signalling China’s rising dominance in key technological and industrial sectors.

4 min read

The case for emerging market equities in an era of transitioning secular drivers
13 Sep 2024
Features & Outlooks

The case for emerging market equities in an era of transitioning secular drivers

The drivers of emerging market equity returns are evolving as innovation and economic decoupling join favorable demographics as future sources of excess returns.

6 min read

  • ​The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • ​Past performance does not predict future returns.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares/Units can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • Shares of small and mid-size companies can be more volatile than shares of larger companies, and at times it may be difficult to value or to sell shares at desired times and prices, increasing the risk of losses.
  • Emerging markets expose the Fund to higher volatility and greater risk of loss than developed markets; they are susceptible to adverse political and economic events, and may be less well regulated with less robust custody and settlement procedures.
  • This Fund may have a particularly concentrated portfolio relative to its investment universe or other funds in its sector. An adverse event impacting even a small number of holdings could create significant volatility or losses for the Fund.
  • The Fund may use derivatives with the aim of reducing risk or managing the portfolio more efficiently. However this introduces other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • If the Fund holds assets in currencies other than the base currency of the Fund, or you invest in a share/unit class of a different currency to the Fund (unless hedged, i.e. mitigated by taking an offsetting position in a related security), the value of your investment may be impacted by changes in exchange rates.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • The Fund may incur a higher level of transaction costs as a result of investing in less actively traded or less developed markets compared to a fund that invests in more active/developed markets.
  • The Fund could lose money if a counterparty with which the Fund trades becomes unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider.
  • Some documents are available in alternative formats. Click here for information on how to request them.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
  • Summary of Investor rights
  • The Legal Entity Identifier for this product is 213800WB1GP7V9W9QE21.

Choose region

Country

Language

What type of investor are you?