Charlemagne Capital, the emerging markets group, has launched the Magna Emerging Markets Dividend Fund.
The fund aims to invest in emerging market stocks with a sustainable high dividend yield plus strong earnings growth.
The lead portfolio advisers see significant opportunities across all the regions, sectors and markets and will employ Charlemagne Capital’s research driven, bottom up stock selection investment process.
The portfolio will focus on around 30 to 40 holdings with the underlying assets expected to be listed across a range of stock markets, including London, AIM and local emerging markets with a projected annual dividend yield of six per cent.
The fund will be structured as a sub fund of Magna Umbrella Fund, an open ended investment company authorised by the Financial Regulator as a Ucits III domiciled in Ireland. The fund will have no benchmark, and will have both distributing share class and accumulating share classes.
Gabor Sitanyi, co-lead portfolio adviser, says: “We are very pleased to today announce the launch of Charlemagne Capital’s new Magna Emerging Markets Dividend Fund. The portfolio, whilst constructed to produce income, will also still have the potential to produce significant capital appreciation from companies with both strong dividend policies and strong earnings growth.”
