Charlemagne Capital launches undervalued GEM fund
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Charlemagne Capital today launched the Magna Undervalued Assets fund, a global emerging markets (GEM) portfolio investing in listed closed-end funds and companies.
The Ucits III Oeic picks vehicles on low valuations which aim to reduce their large discounts to their net asset value (NAV).
The fund, which has no benchmark, invests across emerging markets, with investments ranging from listed equities to property. (article continues below)
Underlying assets held in the fund are expected to be listed across a range of stockmarkets, including the London Stock Exchange, the New York Stock Exchange and the Alternative Investment Market (Aim).
Julian Mayo is the lead portfolio adviser on the fund, which is the ninth in Charlemagne’s Magna fund range.
