At the launch, the Global Emerging Markets Portfolio Fund will comprise five sub-funds. However these single funds will be closed, and the existing Aberdeen Emerging Markets and First State Global Emerging Markets Leaders Funds will be rolled into the new portfolio fund.
Investors will also have access to the M&G Global Emerging Markets, Fidelity Emerging Markets and JP Morgan Emerging Markets Income Funds.
“The Prudential Global Emerging Markets Portfolio Fund will manage capacity issues by using open GEM funds within a ‘fund of funds’ arrangement. This will facilitate both new investment and further investments from existing clients, while at the same time continuing to provide investors with some access to ‘soft-closed’ funds through our existing fund holdings,” investment director Andy Brown said.
