Swiss global fund manager, GAM, has this week announced the successful launch of an onshore newcits, based on its existing emerging market equity L/S strategy. Titled the GAM Star Absolute Global Emerging Markets, this is the latest in a long line of UCITS products brought to market by the Julius Baer-owned firm with over CHF53 billion in AUM (as of June 30). The Dublin-domiciled fund will be managed by inhouse Investment Director, Sean Taylor (pictured), who has amassed over 18 years’ experience in managing emerging market funds. A particular focus will be given to what are fast becoming referred to as the new BRIC markets – namely Turkey, Indonesia, Egypt amongst others. Taylor’s approach will be thematic, integrating a top-down and bottom-up fundamental analysis of companies before selecting positions. These positions in the daily dealing fund will be allocated across three core themes: cyclical, structural and domestic plays, and new EM opportunities. Commenting on the fund’s launch, Taylor, who is based in Dubai, was quoted in the official press release as saying: “We believe that emerging markets offer prospects for relatively higher returns and growth rates in the medium-term as the valuation gap versus developed markets closes. Economically, emerging nations are in the driving seat, benefiting from large flows into emerging market debt which we believe will transfer across to equity markets as risk decreases.”

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