Somerset Capital Management has launched an ethical emerging markets equity fund screening out tobacco stocks, in response to client demand.
Somerset Capital Management has launched the Global Emerging Markets (ex-Tobacco) fund, to be run by the firm's co-founder Edward Robertson. The new offering, which was seeded by a £49.5m investment from a UK charity, will replicate the investment strategy of the existing Global Emerging Markets fund. Currencies, countries and sectors: Taking apart the emerging markets rally The fund will have a portfolio of 40-45 stocks employing a bottom-up research-based strategy with the aim of achieving a balance between growth and value. Benchmarked against the MSCI Emerging Markets index,...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
