SCHRODERS has launched a Middle East fund, offering exposure to some of the world's fastest growing economies.
Though opened in Hong Kong, the fund is domiciled in Luxembourg and has UK distributor status. The product will be managed by James Gotto, who will invest in a portfolio of 30-70 Middle Eastern companies. The fund aims to outperform a customised greater Middle East benchmark – a market cap weighted index of Saudi Arabia, Kuwait, UAE, Qatar, Jordan, Bahrain, Morocco, Egypt, Oman, Israel and Turkey – by 2pc per annum over a rolling three year period. It has a minimum investment limit of US$1,000 or €1,000, with an initial charge of 5.26pc and an annual management charge of 1.5pc. Gotto...
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