Causeway Emerging Markets Fund Class Institutional (CEMIX)

Overview

The fund outlined is primarily focused on investing in equity securities of companies situated in emerging markets or those economically tied to such markets. It is designed for investors looking to diversify their portfolio through exposure to less developed markets across the globe. This strategy seeks to capitalize on the growth potential of emerging markets while accepting the inherent risks associated with these investments. The fund's approach entails an 80% minimum investment in a mix of direct equity and other equity-linked instruments that are associated with emerging markets, aiming to provide growth over the long term through a combination of capital appreciation and income.

Products and Services

• Equity Securities in Emerging Markets

  The core of the fund's investments, encompassing a broad range of equity securities such as common and preferred stocks within emerging markets. This category aims to tap into the growth potential of companies in less developed economies, providing the backbone for the fund's growth-oriented strategy.

• Depositary Receipts

  An investment option that allows the fund to hold shares in foreign companies, listed on international stock exchanges. Depositary receipts offer a pathway to invest in emerging markets while mitigating some of the risks associated with direct investments in foreign equities.

• Participation Notes

  Financial instruments that provide exposure to underlying equity markets or stocks from emerging markets without requiring direct investment in those markets. These are used to gain exposure in markets where direct investment is complex or restricted.

• Warrants and Equity-Linked Notes

  Options that give the fund the right but not the obligation to buy or sell a stock at a predetermined price before a certain date. Equity-linked notes (ELNs), on the other hand, are debt instruments whose performance is tied to that of a specific equity or index. Both are used to leverage the potential of emerging markets through different investment vehicles.

• Exchange-Traded Funds (ETFs) Investing in Emerging Markets

  ETFs are investment funds traded on stock exchanges, much like stocks. The fund may invest in ETFs that specifically target emerging markets, offering diversification within this sector through a single investment.

• Investments in Less Developed Emerging Markets

  Up to 10% of the total fund assets may be allocated to companies in the least developed of the emerging markets not included in the EM Index. This allows the fund to seek higher growth opportunities in markets that are typically underrepresented in traditional emerging market investments.