SLI fund launch looks to GEMs for income

18 Dec 2012 | 08:04
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Standard Life Investments has become the latest big player to enter the emerging market income space, launching a GEM Income fund for analyst Mark Vincent.

The portfolio will hold 60-100 names, targeting a yield equivalent to 115% of the MSCI Emerging Markets index.

Vincent, who has been an analyst at SLI since 2000, will employ a bottom-up investment philosophy. The fund will sit in the IMA Global Emerging Markets sector; its retail share class will have a TER of 1.97%.

In the last twelve months a number of fund houses, including J.P. Morgan AM and BlackRock, have launched new products in the space, seeking to capitalise from high-dividend paying emerging market companies.

Jacqueline Lowe (pictured), SLI's head of UK wholesale, said:

"This is the right time to invest for income and there are excellent opportunities in emerging regions where we see strong dividend growth and companies are establishing themselves as global winners."

The new product comes hot on the heels of SLI's launch of an offshore Global Emerging Markets Unconstrained equity fund for Ross Teverson.

 

Categories: Investment

Topics: Standard life investmentsGlobal emerging markets

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