Peregrine Wealth Group marks its 21st anniversary in Guernsey with the launch of their eighth fund – the Peregrine Emerging Market Equity Fund.
The fund, which is domiciled in Guernsey like the firm’s other investment vehicles, aims to outperform the MSCI Emerging Markets Index* and has also been approved by the Financial Sector Conduct Authority for distribution in South Africa.
The fund is targeting, but not limiting itself to, equity opportunities in developing countries (who are typically pursuing industrialisation and manufacturing) aiming to become less reliant on primary economic sectors like agriculture and commodities. The fund will become a fundamental part of the equity component of objective matching portfolios of high-net-worth clients.
The new fund has already seen assets of GBP55m invested in the first three weeks bringing the total assets under management in Peregrine Wealth Group funds to a record GBP1.45b.
Hennie continued: ‘Emerging markets are an important part of a diverse and successful global portfolio. Now is the time for investors to re-evaluate their portfolio split.’
