UK- Aberdeen is to launch a Global-Emerging Markets Smaller Companies Fund, which will focus on firms more likely to be affected by consumers on a micro scale rather than looking at a country's macro economy.
Aberdeen emerging markets head Joanne Irvine said the approach would offer a large range of quality companies with good growth prospects.
“As an added bonus, the majority of these companies are domestic –orientated, allowing fund managers to buy a high degree of exposure to rising emerging market domestic demand.”
Irvine said that currently overlooked areas, such as Asia and the Middle East would be considerable markets for the fund.
These areas had young populations who would rely on and boost local domestic industry and economies in the long term, she added.
The fund will launch this year after all regulatory processes have been completed.
The Pensions Regulator (TPR) has set out plans to use "new regulatory initiatives" with over 1,000 schemes as it aims to tighten its regulatory grip and boost member outcomes.
HM Revenue and Customs (HMRC) has announced it is delaying the provision of data that will enable pension schemes to confirm the guaranteed minimum pension (GMP) benefits to pay to members until the end of the year.
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