Santander Asset Management UK has launched its new Multi-Manager Emerging Markets fund.
Part of the firm’s new Global Equity Growth Portfolio and available exclusively to Abbey’s Premium Investments clients, the actively managed offering aims to outperform the MSCI Emerging Markets Index.
The fund has a hybrid structure, allowing it to invest in fund of funds, manager of managers and other vehicles.
Santander Asset Management UK CIO John Bearman says the flexibility gives the fund the ability to “generate higher returns”.
“Emerging markets are all very different in terms of their geographical, political and economic situations, which is why it is important to invest in people ‘on the ground’ who fully understand each market,” he says.
“The countries of greatest interest to us are South Korea, Taiwan, India, China and Brazil, with the drivers for growth in these markets being domestic investment, consumption, infrastructure and commodities.
“Valuations for these markets are good when compared to developed countries and will continue to be strong going forward.”
The fund has a 5% initial charge, 1% annual managment charge and the minimum investment is £500.
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