FMG has launched a frontier markets fund investing in equities and fixed income in Latin America, the Middle East, Africa and Asia.
The FMG New Frontiers Fund initially invests 36% of its portfolio in Asia, 18% in Africa, 14% in Latin America and 12% in the Middle East. The fixed income part of the porfolio is 20%.
It will be managed in a long-only style, incorporating a top-down analytical approach, FMG says. Its investment objective will be to achieve long-term capital appreciation and to focus on the most liquid exposure.
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