Schroders has launched a frontier markets fund co-managed by Allan Conway, the head of emerging market equities and Rami Sidani, the head of Mena.
The Luxembourg-Sicav Schroder ISF Frontier Markets Equity fund is benchmarked versus the MSCI Frontier Markets Index and uses the same investment process as across the group’s global emerging markets product range.
Both Conway and Sidani manage the Schroder ISF Middle East fund. Sidani is based in Dubai and they are supported by analysts based in Dubai, Europe, Latin America and Asia.
Conway says: “Investors are increasingly seeking to establish a strategic allocation to emerging markets rather than using them tactically due to an increase in risk appetite, which we believe should lead to greater focus on the frontier markets.” (article continues below)
According to Schroders, frontier markets contribute a combined nominal GDP of £2.4 trillion (3.9% of global GDP), second only to China, and comprise 12% of the world’s population, of which almost 60% is under 30 years of age.