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Investment trust
AWEMAshoka Whiteoak Emerging Markets Trust plc
Managed by Acorn Asset Management LtdPrashant Khemka
Latest factsheet
31 Jul 2026
Net assets
£74.9m
vs asset value
2.2% discount
Borrowing
0.00%
Holdings
205
To achieve long-term capital appreciation, primarily through investing in equity and equity-related securities that provide exposure to global emerging markets.
2.2% discount — the shares change hands for less than the value of what the trust owns. Unlike an open-ended fund, a trust’s shares are bought and sold on the stock exchange, so their price is whatever buyers and sellers agree — not the value of the portfolio behind them.Share price 174 · asset value per share 177.97 (GBP)
Cumulative performance
| Period | Trust | MSCI Emerging Markets NR £ |
|---|---|---|
| 1M | -5.45% | -4.41% |
| YTD | +19.45% | +19.98% |
| 1Y | +33.64% | +34.17% |
Annualised performance
| Period | Trust, a year at a time | MSCI Emerging Markets NR £ |
|---|---|---|
| 3Y | +20.06% | +17.97% |
Top holdings · top 10: 37.50%
| # | Holding | Weight | |
|---|---|---|---|
| 1 | TSMC | 11.80% | |
| 2 | Samsung Electronics | 8.10% | |
| 3 | SK Hynix | 6.00% | |
| 4 | Tencent Holdings | 3.50% | |
| 5 | Alibaba Group Holding | 2.20% | |
| 6 | Delta Electronics | 1.40% | |
| 7 | MediaTek Inc | 1.30% | |
| 8 | OCBC | 1.20% | |
| 9 | China Merchants Bank | 1.00% | |
| 10 | Hong Kong Exchanges | 1.00% |
Key facts
- Stock market ticker
- AWEM
- ISIN
- GB00BMZR7D19
- Benchmark
- MSCI Emerging Markets NR £
- Currency
- GBP
- Domiciled in
- United Kingdom
- Launched
- 3 May 2023
- Performance fee
- 30.00%
What the manager said
The Fund was down 5.45% in July 2026, underperforming the benchmark by 1.05%. The key contributors include Alibaba Group (+24.3%), Tencent (+9.0%), and Kusumgar (+67.6%), whereas SK hynix (-30.5%), Samsung Electronics (-15.8%), and Delta Electronics (-18.2%) were the key detractors.
Source factsheets
| Date | Published by the trust |
|---|---|
| 31 Jul 2026 | View original factsheet ↗ |
| 30 Jun 2026 | View original factsheet ↗ |
| 31 Mar 2026 | View original factsheet ↗ |