Somerset Capital Management launches 'future leaders' emerging markets fund

Invests in medium-sized businesses

Somerset Capital Management has launched a global emerging markets fund with seed capital of $350m, targeting medium-sized businesses.

The Somerset Emerging Markets Future Leaders UCITS fund will invest in businesses which derive a majority of earnings from emerging markets, with a market cap range of $750m to $13bn. Somerset CM profits fall 25% and AUM slips 20% Managed by Edward Robertson and Anthony Linehan, the fund will target "companies which can grow earnings, book value and cash flow per share sustainably over a market cycle and which they believe have the potential to grow into industry-leading businesses". All investable companies will be assessed according to Somerset's ESG criteria and will engage with...