Prudential is planning to launch a new emerging market fund of funds on 16 May 2014.
The Global Emerging Markets Portfolio fund will be managed by Prudential’s portfolio management group while Morningstar OBSR will act as investment advisor for the fund.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The fund will offer investors access to five underlying emerging markets portfolios including the First State Global Emerging Markets Leaders, the Aberdeen Emerging Markets, the M&G Global Emerging Markets, the Fidelity Emerging Markets and the JP Morgan Emerging Markets Income funds.
Additionally, the existing Aberdeen Emerging Markets and First State Global Emerging Markets Leaders Funds will be rolled into the new fund.
Andy Brown investment director Prudential portfolio management group said: "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," he added.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
