Infrastructure equity enters the spotlight
Allocators find infrastructure equities compelling given its growth potential combined with resilient, inflation-protected earnings.
This week FSA compares two emerging market equity funds: the Man Systematic Emerging Markets Equity fund and the PGIM Quant Solutions Emerging Markets Equity Fund.


Based on the popular 80s card game, each week we select an asset class and use FE fundinfo* data to compare two funds based on their three-year performance, assets under management, alpha, volatility, ongoing charges and information ratio to decide which is the Top Trump.
Man Systematic Emerging Markets Equity
The Fund’s objective is to earn a return on investment greater than the returns available from investments in the MSCI Emerging Markets Index.
Top 10 holdings:
| Taiwan Semiconductor Manufacturing Co Ltd | 15.3% |
| Samsung Electronics Co Ltd | 8.4% |
| SK hynix Inc | 7.8% |
| Tencent Holdings Ltd | 2.6% |
| China Construction Bank Corp | 1.3% |
| Delta Electronics | 1.2% |
| MediaTek Inc | 1.1% |
| Alibaba Group Holding Ltd | 1.0% |
| Industrial & Commercial Bank of China Ltd | 1.0% |
| ASE Technology Holding Co Ltd | 1.0% |
PGIM Quant Solutions Emerging Markets Equity Fund
The Fund’s investment objective is to seek to provide returns in excess of the Morgan Stanley Capital International Emerging Markets Index over full market cycles.
Top 10 holdings:
| Taiwan Semiconductor Manufacturing Co Ltd | 14.5% |
| Samsung Electronics Co Ltd | 7.1% |
| SK hynix Inc | 5.4% |
| Mini MSCI Emerging Markets Future September | 3.3% |
| Tencent Holdings Ltd | 2.6% |
| China Construction Bank Corp | 1.5% |
| MediaTek Inc | 1.5% |
| Alibaba Group Holding Ltd | 1.3% |
| Industrial & Commercial Bank of China Ltd | 1.1% |
| ASE Technology Holding Co Ltd | 0.9% |
*All relevant fund data converted to US dollars for comparative purposes. Performance, alpha and volatility are annualised over three years with data as reported at the end of last month. Information ratio (IR) aims to measure a portfolio manager’s consistent ability to generate excess returns relative to a benchmark. The higher the IR, the more consistent the manager is.
The series debuts with two strategies, both investing predominantly in KKR’s K-Series.
The launch marks the firm’s third ETF in its suite of actively-managed, US-focused equity products.
Alternatives provide uncorrelated streams of alpha, a hedge against market volatility and different sources of income.