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Skerryvore Global Emerging Markets All-Cap Equity Fund receives Morningstar rating and award

"This award is a reflection of all the hard work the team has put in since establishing Skerryvore three years ago."


Skerryvore Asset Management’s Global Emerging Markets All-Cap Equity Fund has received a Morningstar Analyst Rating™ of ‘Gold’ (as of 6 February 2023) and was awarded the 2023 Morningstar Australia Fund Manager of the Year – Undiscovered Manager.

Skerryvore was established in 2019 in Edinburgh, Scotland, in partnership with Bennelong Funds Management’s UK arm, BennBridge. The Fund was launched in Australia for institutional investors in December 2020 and retail investors in August 2021.

In its research report, Morningstar stated: “Despite being a relatively new offering, the Skerryvore Global Emerging Markets All-Cap Equity Fund earns our highest conviction, driven by our high regard for the investment team and process.

“The investment process is well-tested with a preference for founder/family-led businesses that have strong alignment to shareholder interests.

“The research effort is both deep and broad, utilising an extensive network of in-country contacts for insights and opinions.”

In addition to the Morningstar Analyst Rating™ of ‘Gold’, Skerryvore was awarded ‘Fund Manager of the Year – Undiscovered Manager’ in the 2023 Morningstar Australia Awards in late February.

The annual Awards, now in its 23rd year, recognise and celebrate the best of the Australian fund management profession who are selected by Morningstar’s manager research analysts. Award finalists and winners are determined by a combination of qualitative research; risk-adjusted medium- to long-term performance track records; and performance in the 2022 calendar year.

“This award is a reflection of all the hard work the team has put in since establishing Skerryvore three and a half years ago. It’s been an investment journey of more than 20 years to get to this point, with many lessons learned along the way,” said Glen Finegan, Skerryvore’s lead portfolio manager.

“Most importantly, we’re continuing to work to deliver strong investment results for our clients within the fund. Our goal has always been to create a high conviction portfolio of reasonably valued, high quality companies that are exposed to, or operate in, emerging markets to meet investors’ long-term needs.”

The Fund typically holds between 40 and 80 stocks. Its benchmark is the MSCI Emerging Market Index, and the minimum suggested investment timeframe is five years.

Source: Morningstar Global Fund Report published on 9 March 2023 for Skerryvore Global Emerging Markets All-Cap Equity strategy. Source: 2023 Morningstar Awards - Australia Winners - News Release The Morningstar Analyst Rating™ for Skerryvore Global Emerging Markets All-Cap Equity Fund is ‘Gold’ as of 06/02/2023. Morningstar Awards 2023 (c). Morningstar, Inc. All Rights Reserved. Awarded to Skerryvore Global Emerging Markets All Cap Equities Fund Manager of the Year - Undiscovered Manager category, Australia. © 2023 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. This report or data has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or New Zealand wholesale clients of Morningstar Research Ltd, subsidiaries of Morningstar, Inc. Any general advice has been provided without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide at You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Morningstar’s publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Morningstar’s full research reports are the source of any Morningstar Ratings and are available from Morningstar or your adviser. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a financial adviser. Some material is copyright and published under licence from ASX Operations Pty Ltd ACN 004 523 782.