Investec wins $150 million EM mandate
Investec Asset Management has been awarded a $150 million 4Factor Emerging Markets (EM) equity mandate from AMP Capital Investors through its Future Directions multi-manager product.
The standalone 4Factor EM equity strategy was developed to cater for institutional investors who are looking to separate their global equity exposure into a developed markets equity strategy and a dedicated emerging markets strategy, according to Investec.
Investec Australia managing director Mark Samuelson said AMP had worked closely with Mercer throughout the selection process and credited the strategy’s global outlook for capturing opportunities in both developed and emerging markets.
Commenting on the award, AMP Capital’s investment director of multi-manager and investment solutions, Sean Henaghan, said Investec had a strong investment capability.
“The combination of HOLT valuation and momentum in its investment style in global emerging markets is highly complementary to other managers’ styles within the Future Directions Funds' Global Emerging Markets Shares fund,” Henaghan said.
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