This fund is one of the first to offer access to emerging markets whilst avoiding China. Rising geo-political tensions and trade wars between the West and China has made some investors nervous of investing in the region. China’s growth has also weakened in recent years, making it less attractive. This is a high conviction fund with a contrarian nature and a strong valuation discipline.
Charles Bond, James McDermottroe
Charles joined Invesco in April 2012 and became co-manager on this fund in March 2022. He is also the lead manager of the Invesco Global Emerging Markets fund (UK) and the Invesco Emerging Markets Equity fund. He started his investment career within the fund research team at Chelsea Financial Services in January 2011. Charles holds a BSc (Hons) in International Relations from the University of Manchester and the IMC from the CFA Society of the UK.
James McDermottroe joined Invesco in August 2013 as an intern before becoming a permanent member of the Emerging Market Equity team in December 2013. James holds an MSc in Finance & Banking and a BSc (Hons) in Mathematics from the University of Bath and is a CFA charterholder.
Emerging markets ex China are offering investors substantial investment opportunities, helping them diversify portfolios and reduce country concentration risk. The fund is backed by the experienced and well-resourced emerging markets team at Invesco, who already have a number of successful EM solutions in the marketplace. The process adopts a value focus, with returns largely driven from stock selection. It is still relatively early days, but performance since launch has been very promising.
£293.2m
Buy
No
9.5
0.75%
0.75%
Acc and Inc
1.76%
Elite Radar
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Source: Performance data sourced from FE Analytics (IA universe). Yield figures (per annum), Fund Size data and AMCs/OCFs are as at 23/01/2026 unless otherwise stated.
The performance graph, factsheets and Key Investor Information Document is provided by FEfundinfo, and updated on a daily basis.
Some funds listed are off shore-domiciled and subject to different regulations. Off shore funds typically do not offer investor compensation under the UK Financial Services Compensation Scheme (FSCS).
Performance history extended by FE fundinfo to illustrate the fund’s longer-term record.
Sector rankings calculated from multiple underlying sectors; certain funds remain unranked due to limited comparability.
Funds assigned to an alternative IA sector; sector rankings may differ accordingly.
The information provided is based on our proprietary qualitative and quantitative research. Whilst reasonable efforts have been taken to ensure accuracy, Chelsea Financial Services cannot guarantee that the information is free from errors, omissions, or inaccuracies.
This information does not constitute investment advice and should not be interpreted as a recommendation to invest in any fund listed. Past performance is not a reliable indicator of future returns.
Please read the full Important Notice on page 2 of the FundReview 2025 carefully before making investment decisions.
Whilst every effort has been made to ensure the accuracy of this information, Chelsea Financial Services takes no responsibility for any errors, omissions or inaccuracies contained therein. The funds within the Chelsea Selection are based on our proprietary research, which is both qualitative and quantitative. Please note this is not investment advice, nor does it imply that you should invest in this fund. Past performance is a not a guide to future returns.
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The AMC (annual management charge) is paid to the fund management company for managing the fund. It is calculated as a percentage of the value of the fund. The AMC is less than the Ongoing Charges Figure (OCF).
The OCF (ongoing charges figure): The cost includes the AMC and other fees such as registration, regulatory, audit and legal fees but does not include transaction costs and performance fees.
