Mobius Capital Partners is planning to launch an emerging and frontier markets investment trust on the London Stock Exchange next month.
Mobius Investment Trust (MMIT) will invest in small- and mid-cap companies in emerging and frontier markets with an absolute return focus.
It will seek to invest in businesses with resilient business models and potential for ESG improvements. The firm has previously stated how it will "champion the dominance of ESG" in its products.
The trust will be run by Mobius Capital Partners founders Mark Mobius and Carlos Hardenberg, who previously ran the Templeton Emerging Markets Investment Trust (TEMIT) which was over £2bn in assets, while third partner Greg Konieczny ran Romanian-focused trust Fondul Proprietatea.
A statement said Jefferies would be handling the IPO but it did not disclose how much the trust would seek to raise when it floats.
Mark Mobius, partner at Mobius Capital Partners, said: "Emerging and frontier markets have changed dramatically over the last 30 years. At Mobius Capital Partners we believe our approach to investment must also evolve to stay relevant.
"That is why we are adopting an innovative and specialised strategy built around actively partnering with our portfolio companies. The recent correction across emerging and frontier markets has presented the perfect conditions to be launching MMIT, with currencies at an all-time low and company valuations looking increasingly attractive."
Mobius Capital Partners was launched by the trio, who formerly worked together at Franklin Templeton, in May. It has already stated it will launch an emerging markets ESG SICAV fund which will be a best ideas product, capped at $1bn.
As well as the founding trio, the firm has also hired Kunal Desai, former head of Indian equities at Neptune, and investment analysts Fergus Argyle from Somerset Capital Management and Usman Ali from Swedish emerging market specialist East Capital.