The Ashmore Pan Africa Equity Fund and the Latin America Equity Fund were both originally launched with institutional share classes on 27 August and 25 September, respectively. Ashmore said retail share classes have now been added to the products.
“Investors are increasingly looking to key individual emerging markets economies to deliver strong returns and consistent growth,” said Christoph Hofmann, Ashmore’s global head of distribution.
“These dedicated strategies focused on Latin America and pan Africa, will harness all of Ashmore’s emerging markets expertise and knowledge and are an important addition to our existing range of regional and single country funds.”
Ashmore said the Pan Africa Equity Fund will seek to access returns primarily from pan African equities listed in both emerging and frontier markets. The Latin America Equity Fund meanwhile, will seek to access returns primarily from Latin American equities, including small cap stocks.
The company added that both funds will be driven by an “active and rigorous” bottom up stock selection approach based on fundamental research to identify companies that are trading below their fair value, have high balance sheet and management quality and are able to deliver higher sustainable earnings growth. Each fund will seek to provide long-term capital growth.
Both Sicavs are Luxembourg domiciled, open-ended, Ucits IV structured funds. They have been registered for sale in Austria, Germany, Luxembourg, Switzerland, and the UK and are available in share classes denominated in US dollars, euros, sterling and other currencies.
Minimum investment is £5,000 or currency equivalent.
