BNY Mellon brings GEM fund to UCITS range

BNY Mellon is to merge Newton Global Emerging Markets Fund into its UK-domiciled UCITS range, thus opening up the strategy to local wealth managers.

BNY Mellon brings GEM fund to UCITS range


Managed by Rob Marshall-Lee and Sophia Whitbread, the £47.5m fund should become available to retail investors from 25 July, subject to shareholder approval.

The Fund is built on Newton’s thematic stock-picking approach, combined with a long-term horizon and emphasis on active management, quality and governance.

The strategy takes a high-conviction approach, typically holding between 50 and 80 stocks, and aims to generate an excess of 2% per annum over a five-year rolling period against the MSCI Emerging Markets Index.

One of Marshall-Lee’s big calls is a 20% overweight to India, believing it will become the best equity market globally over the next five years.

“There is a long-term attractiveness in emerging markets, which stems from superior demographics, lower levels of debt, huge potential from economic reforms and productive allocation of capital,” he said.

“The diverse set of emerging markets in the investible universe remains very compelling and we see a strong consumer story continuing to evolve.”



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