Gemway Assets transforms FCP funds range into Sicav for global scale-up

Eugenia Jiménez
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Gemway Assets transforms FCP funds range into Sicav for global scale-up

Paris-based emerging markets investment boutique Gemway Assets has announced a couple of moves aimed at accelerating its global expansion with a focus on Italy.

The firm has transformed its FCP French-domiciled funds into a Sicav wrapper, the asset manager has announced.

Under the Sicav format, the funds' investment strategy will remain unchanged. 

In our constant wish to develop our activity on an international scale, we made this choice of converting our funds into a Sicav to respond to clients' needs."

The development concerns three funds:

  • GemEquity
  • GemAsia
  • GemChina

Stefano Franchi, Gemway Assets' head of business development for Italy, said: "In our constant wish to develop our activity on an international scale, we made this choice of converting our funds into a Sicav to respond to clients' needs. 52% of Gemway Assets' new money comes from international clients and we wish to increase this weight.

"Therefore, and after discussing it with many actors in Belgium, Switzerland, Italy and Israël, we created the Sicav GemFunds."

The firm has also announced that its entire funds range has been given the Socially Responsible Investment (SRI) label by the French government.

Stefano Franchi said: "Our funds follow an ESG approach since the creation of Gemway Assets and we are pleased to have received this label.

"Today, we are the only asset management company to have a 100% SRI emerging funds base, and also the only company to have a Chinese equity fund with the SRI label in Europe."

As part of the firm's global expansion plans, Gemway recently announced the registration of its emerging markets' funds trio on the Allfunds platform, a month after having registered its entire funds range in the southern European country.  

Eugenia Jiménez
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Eugenia Jiménez

Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as Italy.