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RWC aims to invest in next generation of EM firms

London-based RWC Partners has launched an emerging markets fund aimed at tapping into opportunities that the asset class offered in the years before emerging markets became a popular theme.

The RWC Next Generation Emerging Markets (NGEN) Fund offers investors a gateway to high growth opportunities within the emerging and frontier markets that are under-represented in current indices, the firm said.

The NGEN fund, headed by James Johnstone, focuses on countries and companies expected to be “the big names in smaller and emerging and frontier markets in the next decade and beyond”.

Highest exposure is currently to the Philippines, Vietnam, and the UAE – areas which the team believes “are well placed to benefit from smaller emerging investment themes”, RWC said.

According to Johnstone, “smaller emerging economies and larger, more liquid frontier markets offer a compelling investment opportunity, similar to that which we saw on offer in larger emerging markets 10 to 15 years ago”.

In 2015 RWC hired a team of emerging market investors and appointed HSBC Securities Services to carry out emerging market fund administration.

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