By Marcus Williams
Charlemagne Capital, the emerging markets boutique, has launched Magna Emerging Markets Dividend fund.
The fund will invest in 30-40 emerging market stocks which demonstrate a sustainable high dividend yield and strong earnings growth.
The fund aims to invest in emerging market stocks with a sustainable high dividend yield plus strong earnings growth and will be structured as a UCITS III domiciled vehicle in Ireland.
The portfolio will focus on around 30-40 holdings with the underlying assets expected to be listed across a range of stock markets, including London, AIM and local emerging markets with a projected annual dividend yield of 6+%.
Julian Mayo and Gabor Sitanyi, the co-chief investment officers at Charlemagne Capital, will co-manage the fund.
