The Luxembourg-domiciled Ucits fund will distribute dividends quarterly and invest in around 100 high quality and high yielding global emerging market stocks.
It is managed by Michael Kollo, head of quantitative research at Renaissance and Plamen Monovski, chief investment officer for the firm.
The firm said that although typically emerging markets have been the playground for growth and momentum investors, over the past decade they have matured and begun paying greater heed to corporate governance and cash distribution.
"In the meantime developed markets are increasingly squeezed to distribute cash to income needy pension funds and retail investors," the firm added.
The Global Emerging Markets Yield Fund will invest across a broad range of countries from South Africa to Malaysia to Chile and also across sectors including telecoms, materials and financials.
Co-manager Monovski, said: "With pay-out ratios in developed markets stretched, weak global growth and low interest rates, investors are attracted by cash-generative, quality businesses in emerging markets that pay competitive dividends. For investors seeking higher returns with lower price volatility, we have built a compelling product employing a robust investment process."