SLI fund launch looks to GEMs for income

Standard Life Investments has become the latest big player to enter the emerging market income space, launching a GEM Income fund for analyst Mark Vincent.

The portfolio will hold 60-100 names, targeting a yield equivalent to 115% of the MSCI Emerging Markets index. Vincent, who has been an analyst at SLI since 2000, will employ a bottom-up investment philosophy. The fund will sit in the IMA Global Emerging Markets sector; its retail share class will have a TER of 1.97%. In the last twelve months a number of fund houses, including J.P. Morgan AM and BlackRock, have launched new products in the space, seeking to capitalise from high-dividend paying emerging market companies. Jacqueline Lowe (pictured), SLI's head of UK wholesale, said:...