Pacific AM launches emerging market income fund

Managed by North of South Capital

Pacific Asset Management has launched the new Pacific North of South EM Equity Income Opportunities fund.

The UCITS fund will invest in 50 to 60 emerging market stocks across the market cap spectrum, which can offer dividends higher than the yield available in their respective bond markets. It will target mature businesses that the fund's managers consider to be well run in countries with low volatility currencies. It will also aim to capture a high yield from a concentrated portfolio which will be selected both for their sustainable dividend characteristics and their ability to grow at least in pace with inflation. Pacific's fund will be managed by Matthew Linsey, managing partner at Nor...