The fund sits alongside the firm’s UK and European smaller companies funds and will be run by head of smaller companies Harry Nimmo and the firm’s smaller companies’ investment director Alan Rowsell who recently joined from Standard Life’s Boston office.
It will launch officially on 19 January though it will be available on Hargreaves Landsown’s platform from 23 December.
The fund will aim to provide investors with capital growth and targets performance above the average of the peer group in the IMA Global sector. Nimmo and Rowsell will run a concentrated portfolio of between 40 and 80 stocks.
Nimmo, said: “Our focus will be on growth markets, business momentum, quality and predictability. Sectors featured may include those as diverse as high quality Indian regional banks, developing retail concepts that work well across the US and have international potential, businesses that effectively harness the internet to reach customers and companies exposed to changing consumer patterns that come with increased urbanisation in China.”