Renaissance offers three EM UCITS funds
Renaissance Asset Managers, the London-based specialist in emerging and frontier markets investment is launching three new UCITS funds offering globally oriented institutions exposure to emerging markets.
The funds are: Emerging Europe Long Short Equity Fund, Emerging Europe Equity Fund and the Russia Debt Fund. The launch follows similar launches last month of Renaissance Sub-Saharan and Pan-African Funds.
The Emerging Europe funds will be run by chief investment officer Plamen Monovski, who was previously 13 years at BlackRock where he co-managed the BlackRock Emerging Europe Fund. He will work alongside a former BlackRock team member Karol Chrystowski.
These funds will provide investors with the opportunity to access the rapid recovery in Central and Eastern European economies through an experienced team of stock selectors with first hand knowledge of these markets. The fund will invest primarily in growth stocks across the region with particular emphasis on the larger economies such as Poland, Turkey and the Ukraine.
The third fund, Russia Debt, builds on the success of its predecessor, the non-UCITS Russian Debt fund originally launched in 2006 which now has $52m under management.
Renaissance Asset Managers, founded in 1998, is the investment management business of the emerging markets integrated investment banking group, Renaissance, led by Stephen Jennings. It has assets under management of $2bn across a full range of asset classes.