Emerging markets specialist Fund Management Group (FMG) has launched a UCITS-compliant version of the Rising 6 Fund, designed to provide investors with exposure to China, Russia, Brazil, Ind
Emerging markets specialist Fund Management Group (FMG) has launched a UCITS-compliant version of the Rising 6 Fund, designed to provide investors with exposure to China, Russia, Brazil, India, Africa and the Middle East reported Citywire Global this week. The Lux-domiciled fund, managed by FMG’s CIO Andrew Jameson, will take a top down macro approach to identifying investment opportunities in the six regions. It was originally soft launched in January but according to spokesperson Joachim von Halasz, it has recently received regulatory approval to offer it to European investors. According to the firm’s website, the fund is currently down -9.56 per cent YTD.
The portfolio is well diversified with a similar weighting given to each of the six countries. The highest allocation, slightly, is China, with 17.1 per cent. Jameson, however, has the ability to invest a maximum of 25 per cent of the fund’s NAV in any one location, and a minimum of 10 per cent. In keeping with FRM’s multi-managed approach to diversify risk, long-term capital growth will be targeted by investing in a range of instruments including: ETFs, bonds, money market instruments, equities, ETCs and ETNs. “This new fund gives investors exposure to 60 per cent of the world’s population, rising in income and growing in consumption. These are economies with low levels of debt and high levels of reserves, with faster real economic growth than mature stagnant economies,” said Jameson.
