Goldman Henry Emerging Markets Fund gains 26.68%

Media release 17.02.2011

Goldman Henry Emerging Markets Fund gains 26.68%

The emerging markets fund managed by specialist international equity investors, Goldman Henry, has shown a gain of 26.68%. Following growth of 33.02% in 2010 this strong performance shows emerging markets were the place to be for investors with a global focus, say Alan Goldman, analyst for the Auckland based fund management company.

Goldman says the fund’s closest comparable benchmark is the iShare MSCi Emerging Markets Index which gained 14.80% in 2010.

The emerging markets fund is now into its fifth year. Although the track record is short, Alan Goldman says the fund’s Annualised Compound Growth (the average growth achieved by the fund over a number of years) is a creditable 11.55% - particularly in light of the fact that 2008 was one of the worst years for equity funds since 1929. Goldman Henry publishes its results after fees, expenses and taxes have been deducted.

Goldman Henry managing director, barrister Brian Henry says the Emerging Markets Fund Ltd has a unique approach to investing in the world’s emerging markets and has managed to mitigate against many of the risks associated with emerging markets while still delivering solid results.

“Innovation often tends to attract cynical criticism at first and has a tough time proving itself against accepted practice. This has certainly been our experience. We are proud of this fund’s performance to date,” says Henry.

However events in a number of emerging market nations have seen the fund off to a slower start in 2011. Analyst Goldman points out that in his Outlook for 2011 (published Jan 10), he identified Egypt as a likely geo-political flashpoint for 2011 and he predicted the turmoil that erupted in Egypt less than two weeks later.

He says the turmoil in Egypt, inflation concerns in China and India and soaring food prices have weighed on the growth outlook for a number of emerging market nations. Goldman believes China and India will continue to be two of the world’s top growth engines in the near future despite inflation concerns.
Says Goldman: “Investors are concerned that the Chinese authorities are taking tough measures to curb inflation. Surely they would be even more concerned if the Chinese authorities were not taking those measures?”
ends

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