Hawksmoor Fund Managers has expanded its range with the launch of the Global Opportunities fund, aimed at clients with a higher tolerance for risk.
The firm currently runs the £136m Distribution fund and £140m cautious Vanbrugh fund and chief investment officer Daniel Lockyer said this launch "completes the suite" for the business.
It comes in response to demand from clients, who use the existing funds in their model portfolios, for a riskier product.
All funds are managed with a multi-asset, fund-of-funds based approach using collective investments, including investment trusts, to access opportunities across a broad range of asset classes.
Sitting in the IA Flexible sector, Global Opportunities will have a minimum of 60% in equities, rising to 100%, compared to a 40% minimum in the Distribution fund and 20% in Vanbrugh.
As well as equity and bond vehicles, it will be able to invest in alternatives such as REITs, private equity and absolute return strategies.
In terms of asset allocation on the new fund, although emerging markets have had a turbulent summer after crises in Argentina and Turkey, Lockyer is optimistic on prospects for the region, to which the fund will have a "high weighting".
The portfolio at launch includes 16% in emerging and frontier market equities, 13% in UK equities, 15% in property and 6% in private equity.
Lockyer said: "We as fund managers are recognising some interesting long-term structural growth themes that can only be incorporated in significant size within a fund that can tolerate shorter-term bouts of volatility and therefore does not suit the more cautious risk profile of Vanbrugh or the income mandate of Distribution.
"The recent volatility in emerging markets assets is a good example of where a fund like Global Opportunities can benefit.
"It will have a high weighting to Asia and emerging markets, as there is nothing wrong with the majority of emerging markets and this could be an opportunity to build exposure at a more attractive price."
Hawksmoor said the administration costs on the Global Opportunities fund would be capped to ensure the ongoing charges figure (OCF) was "in line" with its existing funds and the firm would pay the legal set-up costs.
The OCF on the new fund will be 1.6%, with a minimum investment of £5,000.
The Hawksmoor Vanbrugh fund has returned 27.7% over three years to 17 September, according to FE, versus 19.6% by the IA Mixed Investment 20%-60% Shares sector.