UK fund manager Mondrian Investment Partners (Mondrian) has launched its first fund on the Australian market.
The new fund, the Mondrian Focused Emerging Markets fund, targets institutional investors and superannuation funds that want exposure to emerging markets.
The fund invests in more than 25 markets, including China, Brazil and Taiwan.
Mondrian has been active in the Australian market through a number of mandates, including a global equity mandate for MLC.
However, the new product marks the first time Mondrian has offered its management services in a fund structure, which will allow it to build up a track record in the Australian market.
The fund administration is provided by Mainstream BPO subsidiary FundBPO in Sydney.
FundBPO was chosen because its systems are able to deal with a wide range of currencies.
Perpetual Trust Services is the trustee for the new fund and Northern Trust Company acts as custodian.
