PSigma AM chief targets Gems and Asia

Psigma Asset Management managing director Ian Chimes says he hopes to launch global emerging market and Asia equity funds to plug gaps in the firm’s range.

He says: “We need to have funds in Asia and global emerging markets. In two years we are going to be a different company than we are today.”

Chimes (pictured) says he is looking to bring on a couple of well known managers for these markets.

Investors have been pulling out of emerging market equity and bond funds in recent months in favour of safer asset classes amid the current volatility. But Chimes says: “Investors have a love affair with Asia and emerging markets. Despite the volatility and outflows, it is not the end of the story for these markets.”

He says he is focused on completing the firm’s equity offering before looking at entering the fixed-income area.

Affluent Financial Planning managing director Carl Melvin says: “Exposure to emerging market funds are an important part of a well-diversified portfolio. There will always be demand in emerging markets because of the potential high growth.”