US based wealth manager Scout Investments has rolled out a new Emerging Markets Fund (SEMFX), which looks to capitalize on the potentially superior growth prospects in emerging markets.

Scout Investments portfolio manager for the fund Mark Weber said, "We use a long-term, disciplined investment approach and focus on high-quality, well-capitalized companies with sustainable competitive advantages and secular growth tailwinds."

Having long term capital growth objectives, the fund will invest in 35-50 companies to benefit from the rise of middle class, increased consumer and health care spending and infrastructure expansion, among others.

"As active managers, we will look for company-specific opportunities and will not determine sector and country weightings by referring to a benchmark," Weber added.

The wealth manager, an investment subsidiary of UMB Financial, delivers equity and fixed income investment management strategies for institutions and individual investors through separate accounts and mutual funds.