Die besten Emerging Markets Aktienfonds

e-fundresearch: "Which are the most important factors currently when you assess stocks in Emerging Markets?"

Devan Kaloo, Fondsmanager "Aberdeen Global - Emerging Markets Equity A2 Acc" (25.01.2011): "Meeting company management and undertaking rigorous due diligence of the business."

Frank Schäfer, Subadvisory Relationships bei Clariden Leu, "Clariden Leu (Lux) Emerging Markets Equity Fund B" (31.01.2011): "We believe one of the most important factors when assessing stocks in emerging markets is liquidity, which for the management of our Emerging Markets Fund, for example, means adhering to strict liquidity screening to ensure we do not invest in a company we cannot liquidate in approximately one week.

In terms of fundamental factors, we primarily focus on industrial capacity and replacement cost. We calculate a company’s RVBRIC value (“replacement value, balance-sheet risk, and industry conditions”), which is a proprietary valuation metric calculated as the quotient of enterprise value divided by industrial capacity, or replacement value. Enterprise value is the sum of market capitalization and net working capital, all in US dollars, while industrial capacity is expressed in the relevant unit of capacity for each company. This allows us to capture the debt dynamics as well as the valuation relative to replacement cost."

Vincent Strauss, Portfoliomanager, "Magellan C" & "Comgest Growth Emerging Markets Cap USD" (27.01.2011): "Entscheidend wird in den nächsten Quartalen sein, dass die Unternehmen auch bei steigenden Kosten ihre Gewinnmargen aufrechterhalten können. Dies wird nur den Unternehmen gelingen, die über dominante Marktpositionen verfügen und Spielraum bei der Preissetzung besitzen."

Pauli Laursen, Portfoliomanager "ISI BRIC Equities" (01.02.2011): "As top-down-investors we concentrate most of our efforts on finding the right countries and sectors. That means we try to evaluate the macroeconomic and political situation of a particular country, which according to our opinion is paramount when investing in emerging markets equity. Then we try to identify the right sectors, in the next step only the right companies. Basically our portfolio is made up of the right sectors not companies, as we try to avoid company-specific risks."