(25% of the assignment mark) Emerging Market active equity fund (all variations)

GAM LifeStyle fund will include ONE emerging market equity UCITS or Mutual fund. Ideally, the selected fund will enhance the information ratio of the GAM lifestyle fund.

Teams will select the fund on the following:

1. The fund sector allocation diversifies the sector allocation of the Australian funds (Index and Active)

2. The fund past performance is better than average of its peers. The fund must have shown above average performance during good and poor market conditions (against the benchmark index)

3. The funds non-performance characteristics must show above average fund management and fund company qualities such as Age, Fund size, Fund Managers age, qualification and experience, and fund companys qualities.

Teams will next perform Top-down and Bottom-up analysis (sector based only) over the last 3 quarters. Benchmark used for both analyses will be a broad-based regional index