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Standard Life Investments launches unconstrained GEM fund

Standard Life Investments launches unconstrained GEM fund

Standard Life Investments (SLI) has launched a concentrated global emerging markets (GEM) fund for investment director Ross Teverson.

The Global Emerging Markets Unconstrained Sicav will only hold 30-50 stocks, be benchmark agnostic and aim to minimise thematic risk by focusing on stock selection.

Teverson is SLI’s director for global emerging markets and does not run any other funds. He said the new offer would seek to tap companies with lower levels of debt across sectors.

‘Emerging markets offer a compelling investment case. A combination of lower indebtedness, supportive demographics and an emerging consumer class is positive for GEM equities and increased trade between emerging economies means emerging market growth is becoming more self-sustaining,’ he said in a statement. ‘Emerging markets are no longer just a geared play on developed markets.’

The launch marks a concerted push by SLI into emerging markets. Last week the firm launched an emerging market debt fund for new EMD head Richard House.

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