Martin Currie readies LatAm and Global Income funds

Martin Currie is preparing to unveil its two newest products, a Latin America fund for the EM team it poached from Swip, and a Global Equity Income fund.

The Latin America fund, which launches on 1 November, will be lead managed by Jeff Casson, formerly the manager of the Swip Latin American Oeic. Seeded with internal client money, the new portfolio will also have a capped TER to keep costs down even if the fund remains small in size. The major part of the fund's assets will be in Brazil, the largest market in Latin America, at about 60%, with smaller positions in Chile, Peru, Colombia, Mexico, and Argentina. It will be structured as a high conviction all-cap portfolio of between 35 and 55 stocks. Casson will employ an unconstrained...