Genesis Emerging Markets Fund (GSS) 2017年年度报告「LSE」.pdf

1、EMERGING MARKETS FUND LIMITED2017Annual Financial Reportfor the year ended 30th June 2017|1Genesis Emerging Markets Fund L Contents Strategic Report Governance Report Portfolio Report Financial StatementsNOTE:All reference to US dollars or$throughout this report are to the United States currency.Tab

2、le of ContentsIntroduction.2Strategic ReportHighlights and Performance.4Chairmans Statement.6Strategy,Business Model and Principal Risks.10Governance ReportBoard of Directors.16Directors Report.18Directors Remuneration Report.23Audit and Risk Committees Report.25Nomination Committees Report.28Statem

3、ent of Directors Responsibilities.29Portfolio ReportManagers Review.32Country and Sector Exposure of the Portfolio.35Twenty Largest Holdings.36The Portfolio.39Financial StatementsIndependent Auditors Report.48Statement of Financial Position.52Statement of Comprehensive Income.53Statement of Changes

4、in Equity.54Statement of Cash Flows.55Notes to the Financial Statements.56Administration.76Notice of MGenesis Emerging Markets Fund Limited2|Contents Strategic Report Governance Report Portfolio Report Financial StatementsIntroductionObjectiveThe objective of the Genesis Emerging Markets Fund(the Fu

5、nd or GEMF)is to achieve long-term capital growth,primarily through investment in equity markets of developing countries.StructureGEMF is a Guernsey based Authorised Closed-Ended Investment Scheme with the ability to issue additional shares.The Funds shares are listed on the premium segment of the O

6、fficial List of the UK Listing Authority,traded on the London Stock Exchange and are included in the FTSE 250.The number of Participating Preference Shares outstanding is 134,963,060 as at 30th June 2017(30th June 2016:134,963,060).ManagerGenesis Asset Managers,LLP(the Manager or Genesis).Investment