View more on these topics

Emerging duo to run new frontiers fund at Schroders

Schroders has launched a frontier markets fund co-managed by head of emerging market equities Allan Conway and Mena head Rami Sidani.

The Luxemburg Sicav Schroder ISF frontier markets equity fund is benchmarked against the MSCI frontier markets index and uses the same investment process as the firm’s global emerging markets range.

Conway and Sidani run the Schroder ISF Middle East fund. Sidani is based in Dubai and both managers are supported by analysts based in Dubai, Europe, Latin America and Asia.

Conway says: “Investors are increasingly seeking to establish a strategic allocation to emerging markets rather than using them tactically due to an increase in risk appetite, which we believe should lead to greater focus on the frontier markets.”

According to Schroders, frontier markets have a combined nominal GDP of £2.4tn, 3.9 per cent of global GDP, second only to China, and comprise 12 per cent of the world’s population of which almost 60 per cent are under 30 years of age.

Hargreaves Lansdown investment manager Ben Yearsley says: “Frontier funds were on the cusp of acceptance before the credit crunch and it seems they are appearing on the radar once again.

“My view is that these types of funds are best suited to an investment trust/closed-ended structure, given the liquidity issues associated with them.”

Recommended

9

Barclays ‘engaging in tax avoidance on a grand scale’, says TSC member

Barclays CEO Bob Diamond has side-stepped a request to commit to reducing the number of subsidiary companies Barclays operates in tax havens to demonstrate it will abide by the spirit of the Government’s code of tax practice. During Diamond’s evidence session at the Treasury select committee this morning, Labour MP and TSC member Chuka Umunna […]

6

Euro threat to execution-only

The European Commission is looking to tighten up Mifid rules on execution-only services, with one option being to ban execution-only altogether. Mifid rules state that execution-only services can only trade “non-complex financial instruments” but a recent consultation paper from the EC reviewing Mifid rules says there is uncertainty over what constitutes a non-complex product. It […]

Scheme pays explained

By Fiona Hanrahan, senior product insight and technical support analyst We’ve received lots of queries on scheme pays and when it can be used. This article explains how it works and the conditions which apply. What is ‘scheme pays’? If an individual exceeds the annual allowance (AA) and an AA tax charge is due, they […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com