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Forward Funds

Forward Emerging Markets Fund

Institutional Class

Fund Management
Updated as of:
June 30, 2008
 
 
 
  A Team Approach
  Pictet has one of the largest emerging markets teams in the industry, and the Forward Emerging Markets team is comprised of five dedicated investment professionals who work closely with Pictet's other emerging markets specialists in their London and Geneva offices.
 
 

Sub-Advisor: Pictet Asset Management, Ltd.

   
 
Pictet Asset Management, Ltd., is the institutional investment management division of Geneva-based Pictet & Cie, a Swiss private bank that was founded in 1805. As of December 31, 2007, Pictet & Cie had approximately $236 billion in client assets.
The investment management team is based in London.
 

Key Personnel

  Nidhi Mahurkar, Co-Head of Portfolio
  Mahurkar is Co-Head of the Emerging Markets Equities Team in charge of investment in Asia across Emerging Markets and regional Asian mandates. She holds a BA in economics and an MBA from the Indian Institute of Management in Bangalore.
 
  Tom Rodwell, Co-Head of Portfolio
  Rodwell is Co-Head of the Emerging Markets Equities Team in charge of investment in Latin America, EMEA and Frontier markets, and Pictet’s Emerging Market mandates. He holds a first class BA in history from University College London, where he also spent four years doing postgraduate research. Rodwell holds the Investment Management Certificate.
 
  Stephen Burrows, Senior Investment Manager and Product Specialist
  Burrows is a Senior Investment Manager and Product Specialist for the Emerging Markets Team. He has almost 18 years of European equities and global emerging markets experience, and he is an Associate member of the Society of Investment Professionals.
 
  Jonathan Bell, Senior Investment Manager
  Bell is a Senior Investment Manager in the Emerging Markets team, specializing in the Chinese market, and in the global emerging market telecom and new media. Bell holds an MA in international relations from the Fletcher School of Law & Diplomacy (Harvard/Tufts) and an MBA from the Goizueta Business School at Emory University.
 
  Class: Institutional
Change to: Investor
Change to: Class A
   
PDF Fund Fact Sheet
Overview
Category: Emerging Markets
Ticker Symbol: PTEMX
CUSIP: 349913814
Benchmark: MSCI Emerging Markets Index
Inception: October 4, 1995
Net Assets: $107.3 Million
Load Fee: No Load
Gross Expense Ratio: 1.84%
Net Expense Ratio: 1.39%1
Minimum Investment
Initial: $100,000
Statistics
Price/Book:* 3.51
Forward P/E:* 10.05
EPS Growth Rate:* 29.55%
Long-Term Debt-to-Equity:* 0.00%
Weighted Avg. Market Capitalization:* $63.4 Billion
Avg. Capitalization:* $33.5 Billion
Beta: 0.98
R-Squared: 0.97
Number of Holdings: 108
Annualized Turnover: 175.01%

1The Fund’s investment advisor has contractually agreed to waive a portion of its fees and reimburse other expenses until April 30, 2009, in amounts necessary to limit the Fund’s operating expenses (exclusive of brokerage costs, interest, taxes, dividends and extraordinary expenses) for Institutional Class shares to an annual rate (as a percentage of the Fund’s average daily net assets) of 1.39%.

*Data refers to the Fund’s holdings and not to the Fund itself.

Price/Book Ratio and Price/Earnings represent equity securities within the Fund's portfolio, and are not intended to demonstrate Fund growth income earned by the Fund, or distributions made by the Fund.

EPS Growth Rate represents current year consensus estimates weighted by distribution of the portfolio.

Beta is a measure of risk which shows the Fund’s volatility relative to its benchmark index.

R-Squared reflects the percentage of a Fund’s movements that are explained by movement in its benchmark index.

 
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