The Standard Life Investments Global Emerging Markets Income Fund will hold a portfolio of between 60 and 100 emerging markets stocks and aims for a yield of at least 115% of the MSCI Emerging Markets index.
The fund is open to both retail and institutional investors. The total expense ratio of the retail share class is 1.97%.
Jacqueline Lowe, head of UK wholesale at Standard Life Investments, said: “This is the right time to invest for income and there are excellent opportunities in emerging regions where we see strong dividend growth and companies are establishing themselves as global winners.
“Our experience in investing for income will work extremely well within the context of global emerging markets and I’ve no doubt that the combination will prove valuable for investors.”