Emerging market-focused boutique Gemway Assets, established by Bruno Vanier and Michel Audeban in 2012, reported €338m of assets under management as of 15 September 2017.
The Paris-based manager’s founding pair has discussed a Gemway Assets’ five-year review at the occasion of a press conference in the French capital.
Annual net returns achieved by the company’s flagship and only strategy GemEquity since inception to 31 August 2017 have reached 9.8% against 5.6% for its benchmark (MSCI Emerging Markets Index) over the same period.
The GemEquity fund remains among nominees of the global EM equities fund category at the upcoming InvestmentEurope Fund Managers of the Year Awards on 30 November at the Andaz Hotel in London.
Since the beginning of the year, over €150m of net new inflows have been boarded in the fund, one third of the assets coming from French investors, another third from European investors and the last third from investors outside Europe.
Gemway Assets has recently hired Ariel Wang as fund manager-analyst as well as Pierre Lorre as head of Distribution France.
Michel Audeban, CEO of Gemway Assets, said the boutique will develop itself by bolstering its presence in some foreign countries and by adding new strategies to its EM fund range.
The company’s chairman Bruno Vanier noted the favourable momentum for emerging markets investments and foresees a mid-term outperformance of emerging markets over their developed peers.