Pier 21 Asset Management launches new emerging market fund

Pier 21 Asset Management launches new emerging market fund

Pier 21 Asset Management launches new emerging market fund

Pier 21 Asset Management has announced its new Pier 21 Global Emerging Markets Pool, a low-volatility Canadian-domiciled institutional investment fund. It is sub-advised by Northcape Capital in Australia.

The Pier 21 Global Emerging Markets Pool is a portfolio that includes no more than 40 of the highest-quality stocks that are exposed to emerging markets. Its investment process incorporates bottom-up fundamental research and top-down market and sovereign risk analysis. Since its inception, the fund has shown significant value-added with low volatility and strong downside protection.

The fund’s sub-advisor is Northcape Capital, an Australian equity boutique. Founded in 2005 and managing global emerging-markets equities since 2008, Northcape has $9.2 billion in assets under management, with US$1.2 billion in its global emerging markets strategy. Their emerging markets strategy outperformed its benchmark by 7.3% per year over an 8.5-year period ending on Dec. 31.

“We are committed to broaden our pooled funds offer and to bring best-in-class foreign investment management expertise to Canadian institutional investors,” said Pier 21 Asset Management President and CEO David Star.


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