Charlemagne Capital, a private equity firm focused on the emerging markets has launched a sterling class of share for the Magna Global Emerging Markets Fund (MGEM), which ranks in the top ten per cent of global emerging markets funds since its launch, according to S&P).
MGEM is part of the Magna Umbrella Fund plc, an Irish UCITS (Undertakings for Collective Investment in Transferable Securities) fund. The minimum investment for the B Shares is £10,000.
Julian Mayo, investment director at Charlemagne Capital, said: “This is an important step for Charlemagne Capital. The fund has achieved good growth in the last two years, in terms of both assets and performance. We now intend to make this available to UK investors and others looking for a Sterling-denominated fund. We will also consider Sterling classes for other sub-funds in the Magna range if there is sufficient client interest.”
The Magna fund range consists of the Magna Global Emerging Markets, Eastern
European, Russia, Latin American, Turkey and Greater China funds.