Somerset Capital Management MENU Investment Approach Investment Philosophy Sustainable Investment Policy Our Investment Philosophy We are active. We can add real value by being contrarian and not replicating the index. We are stock pickers. We like businesses that have the ability to earn an attractive and sustainable return on capital over the business cycle and which are run for the benefit of all shareholders. We are high conviction. We run concentrated portfolios and know our companies well. We are long term. We aim for a three to five year holding period, allowing the company’s fundamentals to overcome the short-term fears of the market. info@somersetcm.com +44 20 7259 1300 Investment Approach Our People Our Strategies Regulatory Contact Us Somerset Capital Management LLP is authorised and regulated by the Financial Conduct Authority. Registration Number: OC327862 Website built by Diffusion Digital We use cookies to make your experience better. To comply with the new e-Privacy directive, we need to ask for your consent to set the cookies. Learn more Accept Cookies

Somerset Capital Management MENU Investment Approach Investment Philosophy Sustainable Investment Policy An Introduction to Sustainability Risk in Emerging Markets We know from many years of investing in Emerging Markets that uncovering the true characteristics of a business, and assessing how minority shareholders will be treated, requires a long term perspective and looking beyond traditional financial data points. Assessing governance risk and interacting with management teams to protect the value of our investment has been a cornerstone of our investment process since the firm was founded. As markets, governments and culture have evolved, Somerset Capital Management has continued to proactively develop, deepen and formalise our investment processes to engage with environmental and societal issues at large. In summary sustainability analysis is integrated into our investment process at three distinct stages: At the company research level At the portfolio construction level During engagement with companies including proxy voting Our approach has been developed in-house, is carried out by the investment team and has been designed to concentrate on assessing material threats to core business profitability and minority shareholder returns. Please see our 2019 Stewardship Code Disclosure Statement here. We are assessing our alignment with the new Stewardship Code and intend to apply as a signatory in April 2022. For more information on our Sustainability Investment Policy, which sets out our compliance with the Sustainable Finance Disclosure Regulation, please get in touch. info@somersetcm.com +44 20 7259 1300 Investment Approach Our People Our Strategies Regulatory Contact Us Somerset Capital Management LLP is authorised and regulated by the Financial Conduct Authority. Registration Number: OC327862 Website built by Diffusion Digital We use cookies to make your experience better. To comply with the new e-Privacy directive, we need to ask for your consent to set the cookies. Learn more Accept Cookies