M&G Global Emerging Markets

Introduction to the fund

Michael Bourke has been lead manager since 2018, with Alice de Charmoy as deputy. The fund’s strategy is based on the premise that individual companies, rather than macroeconomic events, will drive markets. Potential stocks are split into four different baskets: struggling businesses undergoing change; companies with high and sustainable returns; firms benefiting from long-term sector themes, and research-driven companies which are outperforming their peers. Performance has been consistently impressive.

Fund manager

Michael Bourke, Alice de Charmoy

Michael Bourke joined M&G in 2015, after spending 10 years as an emerging markets equities analyst and portfolio manager for Legg Mason and FPP Asset Management. Before that, he worked at Deutsche Bank in roles related to equity derivatives trading. At M&G, he has worked as a fund manager and co-manager for various emerging markets funds since 2017. Michael has a BSc in Computer Science and Accounting from the University of Manchester and an MSc in International Banking and Finance from Heriot-Watt University.

Opinion on fund

The high regard we hold for this fund has been vindicated by its excellent long-term performance. Michael’s impressive track record since taking over this fund in 2018 has been aided by a well-defined process that helps provide balance to the fund. Their contrarian nature is also an attractive differentiator with the team finding opportunities across emerging markets that other managers might miss.

Fund performance

Documents

Key facts

  • Fund size

    £944.8m

  • Chelsea rating

    Buy

  • Core Selection

    Yes

  • Chelsea Risk Rating

    9.5

  • AMC

    –

  • OCF

    0.75%

  • Unit Type

    Acc and Inc

  • Yield

    2.47%

  • FundCalibre rating

    Elite Rated

How to invest

Once you know where you want to invest, there are a number of ways you can invest:

  • Log in here and process your instruction
  • Call us on 020 7384 7300 to buy over the phone or request an application form
  • Download an application form and post it to us, along with a cheque
Find out more
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Important information

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.

To find out more about our Chelsea Risk Rating, please visit our dedicated page.

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.