Podcast: The opportunity in emerging markets

Glen Finegan

Skerryvore Asset Management

A few weeks ago, I sat down with Jonas Daly, Bennelong Fund Management's Head of Distribution, to discuss investing in emerging markets, the importance of alignment with management teams and companies, and what's in the portfolio right now. 

We call ourselves far-sighted and fair-minded investors, and we’re looking to invest with far-sighted and fair-minded companies. 

Listen to THE podcast here. 

Topics covered: 

  • 0:44 - Why there is a cluster of successful asset management businesses in Edinburgh
  • 1:55 - The philosophy behind setting up Skerryvore (and partnering with Bennelong)
  • 4:38 - Looking under the hood of the Skerryvore team’s process and stock-picking
  • 7:20 - … and how this relates to their view on investing in China tech
  • 11:06 - The impact of Skerryvore’s non-negotiable focus on alignment
  • 15:21 - How the portfolio currently looks, including stock examples
  • 20:03 - Stock stories – Heineken and Colgate

Far-sighted and fair-minded

Skerryvore Asset Management is a boutique of BennBridge, the UK arm of Bennelong Funds Management. The team are fundamental, bottom-up investors seeking to create high conviction portfolios of reasonably valued, high-quality companies that are exposed to, or operate in, emerging markets. For more insights, visit Skerryvore's website

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This information is issued by Bennelong Funds Management Ltd (ABN 39 111 214 085, AFSL 296806) (BFML) in relation to the Skerryvore Global Emerging Markets All-Cap Equity Fund. BFML has appointed BennBridge Ltd (‘BennBridge’) as the Fund’s Investment Manager, which is authorised and regulated by the UK Financial Conduct Authority. BennBridge is a Corporate Authorised Representative of BFML (AFSL Representative No. 1281639). All regulated activity relating to portfolio management, including execution of trades, takes place within BennBridge as the regulated entity. Skerryvore Asset Management LLP (‘Skerryvore’) is a boutique asset management team. The company is majority owned by team members, and minority owned by BennBridge. Skerryvore’s personnel are assigned to BennBridge in order to provide portfolio management and trading activities. Skerryvore and BennBridge are collectively referred to as ’the Skerryvore team’. This is general information only, and does not constitute financial, tax or legal advice or an offer or solicitation to subscribe for units in any fund of which BFML is the Trustee or Responsible Entity (Bennelong Fund). It is not intended for UK recipients, and financial promotion must not be acted on by persons in the UK. This information has been prepared without taking account of your objectives, financial situation or needs. Before acting on the information or deciding whether to acquire or hold a product, you should consider the appropriateness of the information based on your own objectives, financial situation or needs or consult a professional adviser. You should also consider the relevant Information Memorandum (IM) and or Product Disclosure Statement (PDS) which is available on the BFML website, bennelongfunds.com, or by phoning 1800 895 388 (AU) or 0800 442 304 (NZ). Information about the Target Market Determinations (TMDs) for the Bennelong Funds is available on the BFML website. BFML may receive management and or performance fees from the Bennelong Funds, details of which are also set out in the current IM and or PDS. BFML and the Bennelong Funds, their affiliates and associates accept no liability for any inaccurate, incomplete or omitted information of any kind or any losses caused by using this information. All investments carry risks. There can be no assurance that any Bennelong Fund will achieve its targeted rate of return and no guarantee against loss resulting from an investment in any Bennelong Fund. Past fund performance is not indicative of future performance. Information is current as at the date this podcast was published.

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Glen Finegan
Skerryvore Asset Management

Glen is the Lead Portfolio Manager and a Co-Managing Partner at Skerryvore Asset Management, which he established in partnership with BennBridge in 2019. Prior to Skerryvore, Glen was the Head of Global Emerging Market Equities at Janus Henderson...

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