Ashmore has launched an emerging markets equity fund targeting long-term capital growth.
The Emerging Markets Active Equity fund invests in equities either domiciled in or generating at least 50 per cent of their revenues from at least one emerging market. It can also invest in equity-related investments, ETFs and synthetic products such as depositary receipts and warrants.
Managed by Ashmore Investment Management, the investment process uses top-down country allocation and bottom-up stock selection with no set benchmark.
The Luxembourg-domiciled Sicav launched on 17 October with a dollar share class for institutional investors, however the firm says it may be suitable for sophisticated investors and hasn’t ruled out introducing retail share classes.
Ashmore’s prospectus reads: “[The sub-fund] may also be suitable for more experienced investors wishing to attain a defined investment objective in
emerging market transferable securities. The investors should have experience with volatile products and must be able to accept significant losses, thus the sub-fund is suitable for investors who can afford to set aside capital.
“The sub-fund’s investment objective is long-term capital growth and institutional investors are the prime target investors. Nevertheless, the sub-fund may allow retail investors to invest into the retail share classes.”