Paris-based emerging markets asset manager Gemway Assets is set to launch its second fund GemAsia, the company has announced in a press statement.
The fund, which is to be launched on 15 December, will be invested in Asian equity markets excluding Japan and has been created in partnership with Meeschaert Asset Management.
Consequently, Meeschaert Asset Management has reshuffled its MAM Asia fund, that was hitherto covering stock markets of Southern Asia, Japan and China.
In a shareholder letter, the company explained that MAM Asia will become a feeder fund at a minimum of 85% of Gemway Assets’ new fund, GemAsia.
It is understood the new Asian equity exposure of MAM Asia will be that of the GemAsia fund which will invest primarily in the stock markets of the following countries: South Korea, Taiwan, China, Hong Kong, Singapour, Philippines, Indonesia, Malaysia, Thailand, Vietnam, Cambodia, India, Bangladesh, Pakistan.
Gemway Assets, established by Bruno Vanier and Michel Audeban in 2012, reported €338m of assets under management as of 15 September 2017. This year, it celebrated the fifth anniversary of its GemEquity fund, that was shortlisted within the global EM equities fund category of the 2017 InvestmentEurope Fund Managers of the Year Awards.