The Ninety One Emerging Companies Fund aims to grow capital over the long term. The objective is to achieve returns well in excess of the benchmark, measured over three year periods.
The fund aims to give investors a focused exposure to medium and small cap companies listed on the JSE. The investable universe will typically exclude the JSE top 40 listed shares. Where investments have been made in companies that subsequently enter the FTSE/JSE Top 40 Index, these are retained until circumstances necessitate their disposal (e.g. expensive relative to valuation).