Boutique Alquity launches responsible GEM fund

Fund boutique Alquity has launched a concentrated emerging market equity fund investing in stocks that meet its responsible investment criteria.

The Alquity FutureWorld fund has launched with 45 stocks, selected as the best 15 positions from each of the group's other regional vehicles - the Alquity Africa, Alquity Asia and Alquity Latin America funds. The fund will be managed by Roberto Lampl, who is aiming to create a portfolio encompassing both frontier and emerging markets. Top country weights do make the fund somewhat different to other GEM funds, as Mexico, Nigeria, Colombia and South Africa are nearly 40% of the fund's allocation. The is little weighting to China and Brazil, but there is some exposure to Panama and La...