21 January 2020
Barings Emerging EMEA
Opportunities PLC
“Finding quality companies from Emerging Europe, the
Middle East and Africa”
Investment
Update
The Board of Barings Emerging EMEA Opportunities PLC (the
“Company”) wishes to update shareholders on investment progress
since the change of investment strategy was approved by
shareholders on 13 November 2020.
Since this date to 15 January
2020, the net asset value per share on total return basis,
has increased by 12.2 per cent. to 833.51p per share. Accordingly,
since the revised investment policy was approved to 15 January 2020 the Company has outperformed its
new benchmark (the MSCI Emerging Markets EMEA Index (net)) by 3.8
per cent, buoyed by an ongoing recovery of the most cyclically
exposed sectors within the portfolio which are most sensitive to
improvements in the economic outlook.
As of 19 January 2020, the Company
has now substantially completed its portfolio reorganisation in the
light of the revised investment policy. However, certain markets
(which represent approximately 10 per cent. of the new benchmark)
remain closed to the Company for direct investment due to the
inability, in the light of COVID19 restrictions, of the necessary
custody account opening to be completed. As at 19 January 2020, the Company’s geographic
exposure was as follows:
| RUSSIA |
38.28% |
| SOUTH
AFRICA* |
27.60% |
| SAUDI
ARABIA |
13.40% |
| TURKEY |
6.19% |
| POLAND |
5.71% |
| GREECE |
1.77% |
| CZECHIA |
1.50% |
| KUWAIT |
0.98% |
| CASH |
4.57% |
*South Africa includes an
investment in Prosus which is listed in the Netherlands.
The Investment Manager remains encouraged by the market
opportunities and the Board will provide a further update in due
course.
For further information please contact:
| Barings Emerging EMEA Opportunities
PLC, via J.P. Morgan Cazenove |
|
| Frances Daley (Chairman) |
|
|
|
| J.P. Morgan
Cazenove |
+44 (0)20 7742 4000 |
| William Simmonds |
|
|
|
| Media enquiries |
|
|
|
| Quill PR |
+44 (0)20 7466 5050 |
| Nick
Croysdill, Andreea Caraveteanu |
|
About Barings Emerging EMEA
Opportunities PLC
“Finding quality companies from
Emerging Europe, the Middle East
and Africa.”
Barings Emerging EMEA Opportunities PLC (the “Company”) is a UK
based investment trust that was launched on 18 December 2002 and is managed by Baring Fund
Managers Limited.
On 13 November 2020, the Company
obtained shareholders’ approval to broaden its investment policy
and will focus on growth and income from quality companies in the
Emerging Europe, Middle East and
Africa ("EMEA") region. It also
changed its name from Baring Emerging Europe PLC to Barings
Emerging EMEA Opportunities PLC on the same date.
For more information, please visit the Company’s website:
www.bemoplc.com
LEI: 213800HLE2UOSVAP2Y69