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Charlemagne to introduce 'undervalued assets' fund

International Adviser
By International Adviser  01-Jul-2010

Charlemagne Capital has launched a fund targeting 'undervalued assets' in global emerging markets.


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The Dublin-domiciled Charlemagne Magna Undervalued Assets Fund has a Ucits III structure and will invest in listed closed-ended funds and companies trading at large discounts to their NAVs, actively working with the invested companies to narrow these discounts.

Julian Mayo will be lead manager on the fund and will work alongside a team of global emerging market experts. Charlemagne aims to identify potential investments through its bottomup selection process and will invest in a wide array of assets including listed equities and property.

Underlying assets are expected to be listed across a range of stock markets, including London, AIM and NYSE as well as emerging markets. A sub fund of the Magna Umbrella Fund, it will have no benchmark and will have bi-monthly liquidity.

“Market turmoil has generated outstanding opportunities to invest in emerging markets and the fund will seek to capitalise on this through our proven investment process,” said Mayo.

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