Equity

BIEF Emerging Markets Fund

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. Overseas investment will be affected by movements in currency exchange rates. Emerging market investments are usually associated with higher investment risk than developed market investments. Therefore the value of these investments may be unpredictable and subject to greater variation.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
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  From
30-Jun-2016
To
30-Jun-2017
From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
Total Return (%)

as of Jun 30, 2021

27.34 10.16 14.36 -0.04 21.81
Benchmark (%)

as of Jun 30, 2021

23.92 8.48 7.39 -4.27 18.83
  1Y 3Y 5Y 10y Incept.
21.81 11.67 14.40 7.45 -
Benchmark (%)

as of Jun 30, 2021

18.83 6.90 10.43 4.52 7.76
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
5.36 2.67 2.59 21.81 39.25 95.94 105.13 -
Benchmark (%)

as of Jun 30, 2021

4.67 2.79 4.66 18.83 22.16 64.22 55.54 495.88
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Size of Fund (Millions) as of Jul 27, 2021 GBP 46.108
Price Yield as of Jul 27, 2021 0.64
Number of Holdings as of Jun 30, 2021 70
Base Currency British Pound
Fund Inception Date Jun 26, 1997
Share Class Inception Date Aug 14, 1997
Asset Class Equity
Benchmark Index MSCI Emerging Markets ex Korea, ex Taiwan in GBP
Investment Association Category -
Domicile United Kingdom
Regulatory Structure UCITS
Management Company BlackRock Fund Managers Ltd
Ongoing Charge 1.14%
ISIN GB0099965641
Bloomberg Ticker BIEFEM
Annual Management Fee 1.00%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL 9996564
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 5000
Minimum Subsequent Investment GBP 100
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Jun 30, 2021 14.17
3y Beta as of Jun 30, 2021 1.045
5y Volatility - Benchmark as of Jun 30, 2021 13.62
5y Beta as of Jun 30, 2021 1.027

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of Jun 30, 2021 0.00%
MSCI - UN Global Compact Violators as of Jun 30, 2021 1.79%
MSCI - Nuclear Weapons as of Jun 30, 2021 0.00%
MSCI - Thermal Coal as of Jun 30, 2021 0.00%
MSCI - Civilian Firearms as of Jun 30, 2021 0.00%
MSCI - Oil Sands as of Jun 30, 2021 0.00%
MSCI - Tobacco as of Jun 30, 2021 0.10%

Business Involvement Coverage as of Jun 30, 2021 99.43%
Percentage of Fund not covered as of Jun 30, 2021 0.57%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 1.29% and for Oil Sands 0.00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in combination with other information in the research and decision phases of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager’s ongoing monitoring of the portfolio involves regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Ratings

Risk Indicator

Risk Indicator

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3
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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Jun 30, 2021
Name Weight (%)
TENCENT HOLDINGS LTD 6.03
PJSC LUKOIL SPONSORED ADR REPRESEN 3.87
ALIBABA GROUP HOLDING ADR REPRESEN 3.41
KUAISHOU TECHNOLOGY PLACING LOCKUP 3.22
AXIS BANK LTD 2.88
Name Weight (%)
JSC KASPI KZ GLOBAL SPONSORED REG 2.73
ENN ENERGY HOLDINGS LTD 2.67
SBERBANK RUSSIA SPONSORED ADR REPR 2.37
MEITUAN 2.33
PRADA 2.18
Holdings subject to change

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN TIS
A GBP Daily 5.17 -0.11 -1.99 6.16 4.60 5.15 GB0099965641 -
A GBP Accumulating 1.58 -0.03 -1.98 1.89 1.40 1.58 GB009A1WJWG2 -

Portfolio Managers

Portfolio Managers

Gordon Fraser, CFA
Co-Head of Global Emerging Markets Equities, Fundamental Active Equity, BlackRock

Gordon Fraser, CFA, Managing Director, is Co-Head of Global Emerging Markets Equities for the Fundamental Active Equity division of BlackRock's Active Equity Group.

Kevin Jia
Portfolio manager, Global Emerging Market Equities team

Kevin Jia, Vice President, is a portfolio manager and research analyst on the Global Emerging Markets Equities Team within the Fundamental Active Equity division of BlackRock's Active Equity Group

Literature

Literature