New funds: Apr 18

New funds

● Investec Asset Management has launched two emerging market fixed income funds, the GSF Emerging Market Corporate Debt fund and the GSF Emerging Markets Hard Currency Debt fund. The latter invests in public sector, sovereign and corporate bonds mainly denominated in US dollars.

● Och-Ziff Capital Management Group and Bank of America Merrill Lynch have rolled out the European Multi-Strategy Ucits fund. It aims to exploit pricing inefficiencies in equity and debt securities of European companies.

● City Asset Management has launched the Elite Discretionary Portfolio that will initially be made up of two multi-asset sub funds. They provide either a cautious or balanced portfolio with a target return of Consumer Price Index plus 2 and 4 per cent respectively.

● Artemis Investment Management has unveiled the Global Energy Fund, which will hold about 30 stocks and is benchmarked against the MSCI All Countries Energy Index.● A-Capital has brought out the China-Outbound Private Equity Fund, a renminbi denominated vehicle. The fund will jointly invest with Chinese enterprises into European companies.

● On the exchange traded fund front, Source has expanded its European optimised sector with the launch of the Euro Stoxx Optimised Banks fund.

● Van Eck Global has launched the Market Vectors Russia Small Cap ETF.

● BlackRock’s iShares has listed four exchange traded commodities in London: Physical Gold, Physical Silver, Physical Platinum and Physical Palladium.

● Global X Funds has rolled out the Waste Management ETF, focusing on the disposal of hazardous and non-hazardous waste and recycling sectors.● Proshares has listed two new ETFs on the NYSE, Ultra High Yield and Ultra Investment Grade Corporate, which are both two times leveraged.

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