Schroders has announced 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.
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.”
