Soft-closed Stewart Investors emerging markets funds to reopen

Removal of 4% charge

Mike Sheen
clock • 1 min read

St Andrews Partners of Stewart Investors is set to reopen a suite of global emerging markets funds which have remained soft-closed for a number of years to manage capacity.

From 1 July the firm's Global Emerging Markets Leaders, Global Emerging Markets and Latin America funds will reopen with their initial 4% charge removed to make them more accessible to new investors. TEMIT pins 2020 underperformance on banking exposure Stewart Investors Global Emerging Markets Leaders currently has £945m in AUM, according to FE fundinfo, falling from a peak of almost £3bn August 2017. Under lead manager Tom Prew and investing in stocks with a market cap of at least $1bn, the fund is down 17.3% and 14.9%  over one and three years respectively, and is up 13.7% over f...

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