AJ Bell has rolled out a new passive global growth fund, which will focus on asset classes that are expected to constitute a larger part of future indices such as emerging markets and technology.
The firm said that the launch of the new strategy was driven by demand for higher risk investment strategies from long term investors and increased global outlook from clients.
The vehicle will offer investors exposure to equities across Europe, North America, Asia and the UK. It will avoid lower risk assets including bonds and cash.
AJ Bell Investments CIO Kevin Doran said: “As globalisation continues its march forward, it’s no surprise that investors are thinking more globally and seeking ways to access the potential growth of global markets.
“Our exposure to the top EM countries, known as the EM7, (Brazil, China, India, Indonesia, Mexico, Russia and Turkey) and innovative technology companies is higher than similar multi-asset funds on the market, enabling the global growth fund to truly harness the countries and sectors which are driving growth across the globe, giving investors the opportunity to buy the portfolio of the future, today.”
The fund will be part of the firm’s passive multi-asset range, with annual charge capped at 0.5%.
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By GlobalData