Forward Management, the investment adviser to the Accessor Funds, has launched a new mutual fund, the Accessor Frontier Markets Fund, which will serve as a vehicle for investors seeking exposure to frontier markets.
The company said that the fund will attempt to approximate the returns of frontier markets which are smaller, less liquid and less developed equity markets. The MSCI Frontier Market Index, consisting of 22 countries across the Middle East, Africa, Eastern Europe and Asia and includes such countries as United Arab Emirates, Vietnam, Croatia and Ukraine, will be the fund’s benchmark.
The fund will primarily invest directly or indirectly in the index investment vehicles such as structured notes, exchange traded funds, exchange traded notes and securities of companies in frontier market countries. It will be available in adviser and investor class shares.
The fund is managed by Forward Management which also manages the Accessor Strategic Alternatives Fund, Accessor Allocation Funds and Accessor U.S. Government Money Fund.
Alan Reid, CEO of Forward Management, said: This asset class represents emerging markets which are under-invested and present opportunity for investors seeking growth and diversification. Our fund offers convenient access to these untapped equity markets.
