Legg Mason's Batterymarch arm offers GEM vehicle

Legg Mason's Batterymarch subsidiary is offering an Emerging Markets Equity fund looking to maximise ...

Legg Mason’s Batterymarch subsidiary is offering an Emerging Markets Equity fund looking to maximise opportunities in Brazil, Mexico and the Gulf regions. Lead manager is Curtis Butler, who also runs the Legg Mason Asia Pacific and Batterymarch Pacific Equity funds. The Dublin-domiciled launch is benchmarked against the MSCI Emerging Markets Index, seeking long-term capital appreciation using a bottom-up, model-driven process. Butler said: “Stock selection is definitely key, not themes.” He aims to hold 150 to 200 stocks, tilting towards domestic infrastructure and consumer spending ac...