Somerset Capital launches feeder fund for flagship EM strategy

The Ireland-domiciled fund will allow wealth managers running money for investors outside the UK the opportunity to invest in the  OEIC. Somerset's flagship fund has delivered returns of 13.4%, 34.9% and 42.4% over one year, three years and five years respectively, according to FE, while the IA Global Emerging Markets sector has averaged gains of 13.2%, 40% and 33% over the same period. Since its March 2010 launch, the fund has seen returns of 86%, outperforming the MSCI EM index, which has gained of 54.7% over the same period. Somerset manager warns of impending EM credit crisis ...