PAN-Tribal launches Ashmore Emerging Markets Equity Fund

PAN-Tribal has teamed up with London-based Ashmore Investment Management to launch a new emerging markets fund to Australian investors.

The Ashmore Emerging Markets Equity Fund invests in a high-conviction portfolio of 60 to 80 stocks that possess or represent "enduring quality". This refers to companies with high and sustainable return on capital, strong predictable cash flow generation, robust balance sheets, skillful management and a high regard for ESG

"As an investment manager focused exclusively on Emerging Markets and with one of the longest and most successful track records in this asset class, I believe Ashmore has a number of core capabilities that are key distinguishing factors relative to its peers," PAN Tribal chief executive officer, Colin Woods, said.

The fund is currently available on platforms, including BT Panorama, Hub24 and Netwealth.

The retail offering marks entry into a new market for Ashmore, according to head of Pan Asia for Ashmore, Michael Winter.

"In Australia, Ashmore is better known in the institutional market; this alliance with PAN- Tribal marks the firm's first foray into working with the financial intermediary market here in Australia, which we are very excited about," he said.