Tom Carroll (pictured), CEO of Rathbones Asset Management
Rathbones Asset Management has launched an active global emerging markets equity fund, expanding its active single strategy line-up, Investment Week can reveal.
The Rathbones SICAV Global Emerging Markets Equity fund will be managed by Tim Love and Joaquim Nogueira, with a diversified portfolio of between 80 and 120 stocks.
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Rathbones explained the launch came in response to investor demand for long-term opportunities in some of the world's fastest growing markets.
The strategy will apply a bottom-up stock selection with a top-down screening, incorporating factors such as currency, sovereign credit ratings and governance, to create a "disciplined, repeatable investment process".
Sustainability considerations will also be included in the entire investment process, as the fund will make disclosures in accordance with SFDR Article 8 requirements.
Co-managers Love and Nogueira joined Rathbones in March 2025 from GAM, where they worked together in the emerging markets equity team, and prior to that they both had stints at CQS and Cazenove Capital Management.
Tom Carroll, CEO of Rathbones AM, said the launch of the GEM fund represents "an important step" in the firm's growth strategy. "Investors are increasingly seeking active, specialist exposure to high-growth regions and we believe Tim and Joaquim's expertise will resonate with clients."
Rathbones profits rise by over 50% in 2025
Co-manager Love added that EMs are "increasingly home to world-class companies and resilient economies" but they remain under-owned.
"Today's investors in GEMs are buying a more resilient, diverse and higher-quality asset class than in decades past," he continued. "Rather than mining, extraction and other low-value businesses, GEMs now boast high-tech and modern enterprises in industries from manufacturing and consumer electronics to e-commerce, payments and retail.
"Many have significant scale that allows them to compete – and often beat – developed rivals."
Investment Week is hosting its Emerging Markets Focus event in London on Thursday 14 May, where fund managers will share their views on what will drive the next stage of EM growth. By attending this interactive event, you will have the opportunity to network with peers, challenge our expert speakers, and gain valuable CPD points. For more information and to register, click here: https://event.investmentweek.co.uk/emergingmarketsmarketfocus/en/page/home
