The fund will mirror the existing Luxembourg-domiciled version of the product and will be managed by Schroders’ QEP team, led by Justin Abercrombie.
Robin Stoakley, managing director, UK Intermediary, said: “We believe there is a lack of viable options for UK investors in this area and have launched an onshore version of the fund to specifically meet the needs of the UK advisory market.”
According to Schroders, the team focuses on both company valuations and business quality overlaid with a country risk framework in order to select stocks from a universe of over 4000 across emerging markets.
The offshore version of the fund has returned 7.42 year-to-date compared with the 4.79% produced by the sector. Over a one year period, however, the performance is closer, with the Schroders fund producing 10.97% compared to the sector’s 10.35%.
Abercrombie said: “Since launching the stand-alone emerging markets strategy in early 2012, we have attracted new client assets of over £1.7bn. We feel it is a natural step to extend this proposition to the onshore UK market.”
