Global Emerging Markets Equity
Overview
Strategy Details
Available Vehicles
- Institutional Separate Account
- Commingled TrustCommingled trust may include a collective investment trust, an institutional-only investment structure that is exclusively available to qualified retirement plans which meet certain eligibility requirements. A collective investment trust is not available to retail investors or the general public. For more information, qualified retirement plan sponsors should reach out to their Loomis Sayles Relationship Manager.
About the Team
Investment Strategy
- Invests primarily in equity securities of companies in global emerging markets
- Private-equity approach to public equities*
- Deep research and diligence across a company’s eco-system, including public and private companies
- Intention of long-term ownership at time of investment
- Seek absolute, not relative return
- Seeks distinctive insights through deep, bottom-up, fundamental research to identify high quality companies, and companies transitioning to become high quality, trading at significant discount to intrinsic value in industries experiencing secular growth
- Concentrated, low name turnover portfolio**
- Active share typically greater than 95%1
- Benchmark, market cap and style agnostic portfolio
- Risk management driven by deep research, valuation discipline and diversification across countries, sectors and business drivers
- Participation in initial public offerings of private companies researched and relationships built during private-equity process
- ESG is organic to the investment process
Composite Performance
Cumulative Total Return (%)
As of 9/30/2025| Period | Gross | Net | Index |
|---|---|---|---|
| 3 Months | 1.83% | 1.59% | 10.95% |
| Year-To-Date | 10.30% | 9.53% | 28.22% |
Annualized Total Return (%)
As of 9/30/2025| Period | Gross | Net | Index |
|---|---|---|---|
| 1 Year | 1.98% | 1.02% | 18.17% |
| 3 Years | 12.47% | 11.42% | 18.81% |
| 5 Years | 9.27% | 8.25% | 7.51% |
| Since 1/1/1970 | 10.46% | 9.42% | 7.56% |
Period Performance (%)
As of 9/30/2025| Year | Gross | Net | Index |
|---|---|---|---|
| 2024 | 12.94% | 11.89% | 8.05% |
| 2023 | 7.24% | 6.23% | 10.27% |
| 2022 | -25.44% | -26.16% | -19.73% |
| 2021 | 17.24% | 16.15% | -2.22% |
| 2020 | 43.94% | 42.62% | 18.69% |
| 2019 | 6.27% | 6.19% | – |
Documents
*Our private-equity approach to investing at times can uncover opportunities in private companies which go public. In seeking to achieve its investment objective, the Strategy and representative account may significantly invest in companies whose securities are issued in an initial public offering (“IPO”). We may sell these securities over a short period of time due to the amount of securities allocated, our analysis of intrinsic value and return prospects or liquidity requirements.
**Our name turnover, since composite inception is 15.8%, as of September 30, 2025. Name turnover is the average number of names that are added or sold from a portfolio each year. It is expressed as the number of names per year. It differs from Portfolio Turnover in that it does not include trims or additions to the existing holdings. In other words, core turnover plus trims and adds equals Portfolio Turnover. The Strategy’s Since Composite Inception SEC Portfolio Turnover, as of September 30, 2025 is 52.7%.
1Active share indicates the proportion of the portfolio’s holdings (by market value) that are different than the benchmark. A higher active share indicates a larger difference between the benchmark and the portfolio.
Source: MSCI. Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any of such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.
Important Disclosures
Performance data shown represents past performance and is no guarantee of future results. Current performance may be lower or higher than quoted. Returns are shown in US dollars and are annualized for one and multi-year periods. Gross returns are net of trading costs. Net returns are gross returns less effective management fees.
KEY RISKS: Equity Risk, Market Risk, Non-US Securities Risk, Smaller or Mid-Sized Companies Risk, Non-Diversified Strategies Risk, Liquidity Risk, Currency Risk and IPO Risk. Investing involves risk including possible loss of principal
There is no guarantee that the investment objective will be realized or that the strategy will generate positive or excess return.
Investment vehicles may not be available to all investors and are subject to eligibility.
The Composite includes all discretionary accounts with market values of at least $1 million managed by Loomis Sayles that seek to produce long-term excess returns at or below benchmark risk over a full market cycle relative to the MSCI Emerging Markets Index and generally within the market capitalization range of the Index. In seeking to achieve its investment objective, the Composite’s strategy significantly invest in companies whose securities are issued in an initial public offering (“IPO”). We may sell these securities over a short period of time due to the amount of securities allocated, our analysis of intrinsic value and return prospects or liquidity requirements. Contribution from IPOs may not be repeated, particularly as the Composite’s assets grow. There is no assurance that the Composite can and will continue to participate in IPOs. The investment performance of the Composite during periods when it invests in IPOs may be higher than during periods without IPO participation. The Composite inception date is December 1, 2019. The Composite was created in November 2019.