FMG Investments is planning to launch a “Rising 6” fund investing in Africa, Brazil, China, India, the Middle East and North Africa (Mena) and Russia.
A specialist in emerging markets, FMG uses a multi-manager approach to spread the risk of its investments.
The Rising 6 fund follows the launch of the Rising 3 fund, which invests in China, India and Russia. Other launches include an Iraq fund, two Russia strategies and several other emerging markets portfolios.
Arild Johansen, a partner of FMG, and Andrew Jameson, the chief investment officer, will be the managers of the fund.
They will seek opportunities in exchange-traded funds, bonds, money market instruments and liquid assets and funds regulated under the EU’s Ucits III directive.
All six regions will be part of the portfolio, although the managers will vary its allocations to indi vidual regions from 10 per cent to 25 per cent of its assets.
The fund will be domiciled in Luxembourg and will deal daily. The investment manager is licensed and supervised by the Malta Financial Services Authority.
The Rising 6 is new grouping of emerging markets, following the more common Bric (Brazil, Russia, India and China) and Mena (Middle East and North Africa funds) monikers.
Other asset managers have launched emerging markets funds covering Civets (Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa), Next 11 countries (Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey and Vietnam), Chindia (China and India) and Chindonesia (China, India and Indonesia).