After selling all its holdings in frontier markets in 2014, Seven Investment Management (7IM) has ventured back into the asset class amid changing US politics.
The group's multi-manager funds completely sold out of the region in November 2014, on concerns the region's had high correlation to the oil price.
However, now 7IM is taking advantage of opportunities from what it calls the "Nixonian" style domestic affairs taking place within the Trump administration.
Tony Lawrence, investment manager, said the firm is looking to gain exposure to uncorrelated, high growth economies under Trump's radar and have less exposure to potential US protectionism.
He added: "Valuations appear more compelling than their developed counterparts, although this is not the main driver for 7IM's return to frontiers.
"We built the frontiers position over the last month, gradually recycling profits made elsewhere and are watching for opportunities to increase our exposure further."
The move back into the sector is for the group's more adventurous portfolios and began in April, with the most recent new investments taking place this month.
7IM has selected emerging and frontier market specialist boutique Charlemagne Magna New Frontiers for its multi-manager 7IM Adventurous fund.
Lawrence said: "Persistent price inefficiencies in frontier markets make it an ideal hunting ground for active fund managers to add value.
"The vastly experienced co-managers [at Charlemagne] pursue an unconstrained and high conviction stockpicking approach, holding a differentiated portfolio that stands out from the crowd."
7IM has also chosen T Rowe Price Frontier Markets for its 7IM AAP Adventurous fund, which is a range that uses active asset allocation alongside passive strategies.
"With an absence of credible passive options in this space and given the opportunity to add significant alpha, we were very happy to employ the active capabilities of T Rowe Price, allowing us to leverage the depth and breadth of T Rowe's global equity research platform," Lawrence said.
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