Managed by James Gotto in London, the fund will invest in a portfolio of 30-70 Middle Eastern companies. The Fund aims to outperform a customised Greater Middle East (GME) benchmark by 2% per annum over a rolling three year period.
James Gotto, fund manager, Schroder ISF Middle East, said: "The GME region contains some of the most rapidly expanding economies in the world stimulated by young and growing populations. Whilst oil is important for some countries and is boosting investment in local infrastructure, broader demand for consumer and financial products is set to rise across the region. GME markets have a low correlation with other global markets and can offer investors real diversification benefits. We believe that by selecting the right stocks and countries the GME region can offer a good potential source of return."
Stephane Battistella, Head of Middle East Business Development, commented: "Following the opening of Schroders office in Dubai earlier this year, the launch of Schroder ISF Middle East Fund is further evidence of our commitment to the Middle Eastern Region, complimenting our comprehensive and award winning range of products."
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Schroders launches new Middle East Fund
- United Arab Emirates: Monday, September 17 - 2007 at 12:06
- PRESS RELEASE
Schroders today announces the launch of Schroder ISF Middle East, ('The Fund') which will gain exposure to some of the worlds' fastest growing economies through investments in Middle Eastern companies, including companies in emerging Mediterranean markets.
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Notes and media contacts
For further information, please contact:Schroders:
Stephane Battistella
Head of Middle East Business Development
+9714 365 0430
William Wells
Head of Retail Sales, Middle East and Greece
+9714 365 0432
Financial Dynamics
John Hobday
+971 50 464 8706
Manash Bhuyan
+971 4 332 8832
Schroders plc
Schroders is a leading independent international asset management and private banking group, with more than 200 years experience in financial services and over US$276.2 billion in assets under management*.
Schroders has been providing asset management solutions for clients in the Middle East for over 30 years, and manages investments across all major asset classes for clients including large pension funds, government bodies, private banks, charities, corporations and individual investors throughout the world.
Schroders' independence and single focus on asset management enables us to align our interests with those of our clients worldwide. We aim to apply our specialist asset management skills to serve the needs of our clients, utilizing over 250 portfolio managers and analysts covering the world's investment markets from our global network of 36 offices in 27 countries*.
Schroders is highly committed to excellence in risk management. We have a stringent research and investment process which provides security and confidence in our ability to produce consistent performance for our clients.
*As of 30 June 2007
Past performance is not indicative of future performance. Investment involves risk. For risks associated with investment in securities in emerging and less developed markets, other risks and details of the Fund, please refer to the Summary Prospectus.
Material contained in this press release relates to a Fund which is not subject to any form of regulation or approval by the Dubai Financial Services Authority ("DFSA").
The DFSA has no responsibility for reviewing or verifying any material in connection with the Funds outlined in this press release and it's attachments. Accordingly, the DFSA has not approved this press release nor taken any steps to verify the information set out in it, and has no responsibility for it.
The Units to which this press release relates may be illiquid and/or subject to restrictions on their resale. Prospective purchasers of the Units offered should conduct their own due diligence on the Units.
If you do not understand the contents of this document, or any attachments, you should consult an authorised financial adviser.
Issued by Schroder Investment Management Ltd, which is regulated by the Dubai Financial Services Authority.
Posted by Medilyn Manibo, Assistant News EditorMonday, September 17 - 2007 at 12:06 UAE local time (GMT+4)
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