GAM unveils emerging market equity fund

GAM has expanded its range with the launch of a UCITS III emerging market equities fund.

Management of the GAM Star North of South Emerging Markets Equity fund will be outsourced to London-based boutique and emerging market specialist North of South Capital and led by portfolio manager Matthew Linsey. About 60%-80% of the 70-100 stock portfolio will focus on liquid, large-cap stocks, with the remaining 20%-40% invested in mid- to small-cap, high conviction ideas. Stock selection will be diversified across a range of countries, sectors, currencies and themes, with a tracking error of between 6% and 10%. Minimum investment will be $10,000 or the currency equivalent. Lins...