Sarasin & Partners has launched a Dublin-based unit trust, which will mirror its Luxembourg Sicav, the Sarasin EmergingSar – Global Fund.
The new Sarasin IE Emerging Markets – Systematic Fund will be equally weighted across 19 emerging market countries from the MSCI Emerging Markets index.
It will use unfunded swaps, which will be executed with several different investment banks.
“By eliminating stock picking, the fund will remove subjectivity and manager risk from the investment process and avoid liquidity issues that can arise with some stocks especially those of smaller companies,” Sarasin says.
Every month, the fund will rebalance back to equal weightings.
Source : Funds europe 12/04/2013