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Z Series Emerging Markets Equity Fund

The Z Series Emerging Markets Equity Fund suits investors seeking to participate in emerging markets’ growth through a disciplined investment process. The Fund aims to provide a core ‘through market cycle’ solution for investors looking to access the long-term growth potential of emerging markets.

Overview Ratings About the manager Performance Downloads

Overview

The Fund aims to generate 2-3% of excess returns relative to the MSCI Emerging Markets Index in A$ (net dividends reinvested) over a full market cycle of 3-5 years.

Emerging market investing can provide both growth and income.

  • Total return approach – The maturation of emerging markets requires a focus on earnings growth, valuation, and shareholder yield.
  • Identifying undervalued companies – The team screens for undervalued companies that offer a sustainable yield and strong prospects for earnings growth.
  • Analytical rigour – The team employs a consistent, replicable process to value businesses, with a fully integrated ESG approach that estimates the equity value at risk.
  • Macro matters – The team combines fundamental stock picking with active country and sector risk management.

Ratings

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Recommended1

About the manager

Allspring Global Investments was appointed in 2014 to manage the Z Series Emerging Markets Equity Fund.

The experienced investment team, composed of local experts, combines its fundamental approach with macroeconomic analysis, resulting in a superior framework for return generation.

  • Total returns – The team targets emerging market companies that provide opportunities for long-term growth potential along with current income.
  • Local and global experience – With decades of industry experience on average, the team possesses extensive cultural understanding and regional stock market experience.
  • Integrated ESG analysis – The team’s proprietary ESG process integrates fundamental research and estimates the equity value at risk from ESG issues.

Performance

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Downloads

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1 The report that included the rating was published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec) on 13/04/2026. Lonsec receives a fee from fund managers for the preparation of reports. The report / rating is general advice only. An investor should be aware that: a) the advice has been prepared without taking into account an investors’ objectives, financial situation or needs; b) an investor should consider the appropriateness of the advice having regard to their own objectives, financial situation or needs before acting on the advice; and c) an investor should obtain a PDS relating to the product, consider the PDS and seek independent financial advice before making any decision about whether to acquire the product. The rating is not a recommendation to purchase, sell or hold any product. Past performance is not a reliable indicator of future Performance. Ratings are prepared based on information available at the time of preparation and may be subject to change by Lonsec without notice. Visit lonsec.com.au for important documents (FSG, Conflicts Statement). © 2026 Lonsec. All rights reserved.

Russell Investments' ownership is composed of a majority stake held by funds managed by TA Associates Management, L.P., with a significant minority stake held by funds managed by Reverence Capital Partners, L.P. Certain of Russell Investments' employees and Hamilton Lane Advisors, LLC also hold minority, non-controlling, ownership stakes.

© Russell Investments Group, LLC. 1995-2026. All rights reserved. This material is proprietary and may not be reproduced, transferred, or distributed in any form without prior written permission from Russell Investments. It is delivered on an "as is" basis without warranty.