The first mandate is from a leading Scandinavian pension fund looking to gain exposure in Latin American equities; the second is from a European Asset Manager wanting to invest in Middle East and Africa equities.
Vicky Kydoniefs, Head of Institutional Business, comments:
“Whilst the environment for emerging market equities remains difficult, there are excellent opportunities for long term investing in quality stocks that have been pummelled by the overall negative sentiment in the asset class.
“Charlemagne Capital continues to produce long term alpha across its regional and global strategies investing in quality emerging market equity companies, also in the mid and small cap space. It is always difficult to call the bottom of any cycle but with three years of significant outflows from emerging markets, we may well be close to a point of change.
“With our very experienced investment team, we continue to focus on what we do best, which is to build concentrated portfolios of fundamentally good quality companies that have the ability and willingness to grow at a reasonable pace whilst keeping costs under control. We also seek out opportunities in exciting mid and small cap enterprises. We are not swayed by market gyrations and believe that this long term approach to investing will continue to produce strong long term outperformance for our clients.”