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SWIP expands emerging markets equity offering with three new funds

Scottish Widows Investment Partnership (SWIP) has launched three new emerging market funds which will invest in the top stock picks of its experienced Global Emerging Markets team, driven by in-depth fundamental proprietary research.

The funds, all sub-funds of the SWIP SICAV* domiciled in Luxembourg, will offer investors a chance to gain exposure to the rapid growth opportunities that SWIP has identified in emerging markets.

The SWIP SICAV Emerging Markets Infrastructure fund, managed by Divya Mathur, Investment Director, will invest in companies which will benefit from the resulting rise in infrastructure spend in developing nations.

The SWIP SICAV Emerging Markets Smaller Companies fund, managed by Alastair Reynolds, Investment Director, will give investors an opportunity to diversify away from large companies, dependant on global trade, towards fast growing domestic economies. This fund will also capitalise on the opportunities that infrastructure and the growing consumer class represent in the region.

The SWIP SICAV Latin American fund, managed by Jeff Casson, Investment Director and manager of the top performing Scottish Widows Latin American fund**, will benefit from excellent fundamentals in the region, including low debt and a robust financial sector, particularly in Brazil. A growing consumer base and a host of infrastructure developments underpin some very strong long-term opportunities for this fund.

This brings the number of emerging market funds in the SWIP SICAV to four following the launch of the SWIP Emerging Markets fund in 2007. The three new funds are currently available to investors in Luxembourg, Norway, Switzerland, Germany, Spain and the UK. SWIP is also in the process of registering the funds in additional countries across Europe.

Kim Catechis, Head of Global Emerging Markets at SWIP comments:
“We continue to find attractive investment opportunities in emerging market equities. Market volatility has continued to revert towards the long term mean for these markets and this is an environment which particularly rewards SWIP’s style; fundamental research driven fund management.

“Although the emerging market equity universe will continue to see some volatility in the near term, we believe two strong trends – growth in infrastructure investing and the rapid expansion of the middle class – offer attractive opportunities for long term investors in these markets. Government backed infrastructure expenditure is forecast to be circa $12 trillion over the next decade. This gives greater visibility of company cash flows and earnings. A rapidly expanding middle class also results in a rise in consumer spending in the region, benefiting companies targeting the domestic customer.”

All three funds seek long term capital appreciation via focused portfolios of 35-45 holdings exposed to SWIP’s best ideas. The funds are all based on the same proprietary research principle; to identify emerging market companies with sustainable strong earnings growth rates that are trading below their intrinsic value.

SWIP has been running infrastructure and emerging market small cap strategies for over three years and has a proven track record in Latin American equities; The Scottish Widows Latin American fund has achieved first and second quartile performance over the last three years to the end of June 2009.**

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*A Luxembourg societe d’investissement, a capital variable organised under the laws of the Grand-Duchy of Luxembourg and qualifies as a UCITS III.

** All data as at 30 June 2009. The Scottish Widows Latin American Fund has achieved 1st quartile performance for the following 12 month periods: 30 June 2006 to 29 June 2007, 30 June 2007 to 29 June 2008 and 2nd quartile performance from 30 June 2008 to 30 June 2009. (Source: Lipper, mid-mid basis net of fees)

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For use by qualified professional and institutional investors only.

The content of this site should not be accessed by retail or private customers. 

Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which our funds are authorised for sale. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.

The Scottish Widows Investment Partnership Investment Funds ICVC (SWIP OEIC) is an investment company incorporated in the UK and registered with the Financial Services Authority. It is registered for sale in Spain with the CNMV (registration number 497). SWIP is the Investment Advisor, and State Street Trustees Limited is the Depositary for the SWIP OEIC.

The SWIP SICAV is a company incorporated in the Grand-Duchy of Luxembourg, and authorised and regulated by the CSSF. It is registered in Spain with the CNMV (registration number 633). SWIP is the Investment Manager, and State Street Bank Luxembourg S.A. is the Custodian for the SWIP SICAV. 

The SWIP Global Liquidity Fund is a company governed by the laws of Ireland and authorised by the Irish Financial Services Regulatory Authority. It is registered for sale in Spain with the CNMV (registration number 507). SWIP is the Investment Manager, and State Street Custodial Services (Ireland) Limited is the Custodian for the Global Liquidity Fund.

This does not constitute an offer or solicitation to sell shares in any of the funds referred to on this site, by anyone in any jurisdiction in which such offer, solicitation or distribution would be unlawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation.

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Scottish Widows Investment Partnership Limited (SWIP) is registered in England and Wales, Company No. 794936, VAT No. 244 1555 76. Registered Office is at 33 Old Broad Street, London EC2N 1HZ, UK. Tel: +44 (0)131 655 8500 international@swip.com. SWIP is authorised and regulated in the UK by the Financial Services Authority and is entered on their register under number 193707 (www.fsa.gov.uk).