Hexam counters downturn with GEM onshore mirror

Group prepares for 2009 by stepping up marketing efforts, countering yearly offshore losses with imminent launch of onshore mirror of GEM fund

Bryan Collings is looking forward to bringing an onshore version of his newly branded Ignis Global Emerging Markets fund to market in the coming months. Given the downturn in emerging markets and subsequent volatility, it is no surprise the offshore fund lost 43% in the 12 months to 31 October, according to Lipper. However, Collings, who leads the fund alongside Grant Shotter, Marina Akopian and Stuart Richards, remains confident his regions will recover, much as they did following the Asian crisis of 1998, particularly those markets with the highest savings. He says: "For people in t...