Schroders, an asset management company, has introduced a new Schroder ISF1 Frontier Markets Equity fund that offers investors access to dynamic and fastest growing economies in the world.
Schroders said that the Fund, which is benchmarked against the MSCI Frontier Markets Index (the Middle East constitutes almost 60% of the index), will be managed by Allan Conway, head of Emerging Market Equities and Rami Sidani, head of MENA.
Both fund managers are also responsible for Schroder ISF Middle East. Rami will be based in Dubai and they will be supported by analysts based in Dubai, Europe, Latin America and Asia.
Conway said the launch of the Frontier Markets fund strengthens the global emerging markets proposition and offers investors access to some of the fastest growing economies in the world as well as significant diversification benefits.
Sidani said Schroders is the first international fund manager to launch an investment capability based in the Middle East and the first to have launched a Frontier Markets fund.