Standard Life Investments has launched its Global Emerging Markets Equity Fund aimed at investors looking to broaden their investment universe and diversify their portfolios beyond "global developed markets".
Drawing on the company's established stock-picking expertise, this new OEIC will consist of a diversified portfolio of 60 to 100 stocks with stock, sector, country and tracking error limits.
It will be measured against the IMA Global Emerging Markets sector with the objective of providing capital appreciation as income is not a prime consideration.
Alistair Way heads up the investment team who will set about achieving the fund's objective primarily through investment in equities and equity-related securities of corporations domiciled in emerging markets or companies that derive a significant proportion of their revenues and profits from Asian, Eastern European, Middle Eastern, African or Latin American operations, or have a significant proportion of their assets there.
The minimum investment sum per investor is £500 and the minimum monthly investment is £50. There's an initial one-off charge of 4% and an annual management charge of 1.5%.
Jacqueline Lowe, Head of UK Wholesale, said; "Over recent years emerging market equities have gained in stature globally and are now considered to be mainstream investments. This is, therefore, an entirely logical development for the diversification of Standard Life Investments' wholesale offering."
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress