Alquity Investment Management has introduced three new Luxembourg-domiciled funds aimed at developing economies.

The three new funds will invest in Latin America, Asia and the Indian Subcontinent.

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Managed by Roberto Lampl, the Latin American fund will focus on equities and fixed income securities in Mexico, Chile, Colombia and Peru.

The Asia fund will also include a 24% exposure to frontier markets like Vietnam and Myanmar.

The Indian subcontinent fund, run by Mike Sell, will focus on New India and fast-growing private sector companies, covering frontier markets including Pakistan and Sri Lanka.

Paul Robinson, CEO of Alquity said: "The launch of three new funds marks a step change in the global reach of Alquity’s investment model, building on the track record of our landmark Africa fund.

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"With over three years of generating strong returns for our Africa fund investors and transforming lives in Africa behind us, we have created a team of top class fund managers to expand this success into Latin America, Asia and the Indian subcontinent."