Baltimore-based asset manager Legg Mason is to launch a Dublin-based Ucits version of its Martin Currie Global Emerging Markets Fund.
The strategy, launched in 2015, is managed by Kim Catechis, head of global emerging markets at Legg Mason independent affiliate Martin Currie, the Edinburgh-based equity specialist.
The fund’s objective is to deliver long-term capital growth by investing in sustainable companies from emerging market countries.
The high-conviction portfolio aims to hold between 40-60 stocks, with a diversified country allocation and a high active share.
Catechis said: “Emerging market companies are already dominant in many industries and are challenging for dominance in many more. Banking, capital equipment and energy are just some of the areas that will soon be led by the developing world.
“The challenge for investors is to translate the developing world’s competitive advantage into real, sustainable returns and we think our strategy can offer the solution.”
Legg Mason had $754 billion of assets under management as of September 30, 2017.
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