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GSFM teams up with investment manager in new EM distribution strategy

By Jessica Penny
3 minute read

The fund manager has partnered with Eastspring Investments to help deliver its new emerging markets offering.

GSFM has partnered with Eastspring Investments to distribute its Global Emerging Markets (GEM) Dynamic Strategy in the Australian market, to be made available to institutional, wholesale, and family offices investors.

The Singapore-based asset manager, founded in 1994, is a wholly owned subsidiary of Prudential plc and manages US$237 billion in assets.

Commenting on the strategic partnership, GSFM chief executive Damien McIntyre said it will help expose GSFM and its investors to a new asset class.

“Our focus remains on identifying gaps in the investment market and filling them with the right solutions for investors that stand the test of time,” McIntyre explained.

“We felt there was a gap in emerging market strategies available to Australian institutional investors. After extensive due diligence we made the decision to partner with Eastspring to distribute its GEM Dynamic Strategy in Australia.”

He added that the GEM Dynamic Strategy, which is a value-based emerging markets equity strategy, is managed by a team of eight people and comes with a 14-year track record.

“We have seen an uptake of interest in emerging markets from investors. The demographics and growth potential of these markets make them desirable for investors looking for geographic diversification and long-term growth,” McIntyre confirmed.

“The GEM Dynamic Strategy offers the potential for long-term capital growth and attractive returns from a variety of companies in emerging markets globally.”

Looking into the future, McIntyre said he foresees future partnership opportunities with Eastspring.

“Scale creates an advantage when partnering with a fund manager like Eastspring. While we are starting with the GEM Dynamic Strategy, there is the opportunity to broaden the partnership further with Eastspring, with its other strategies.”

Eastspring CEO Bill Maldonado added that, through the GEM Dynamic strategy, investors get a focused portfolio of attractively valued companies as well as access to the global opportunity set offered by faster growing emerging markets.

“These markets benefit from several megatrend tailwinds such as global supply chain restructuring and green transition,” Maldonado explained.

“Partnering with GSFM will make it possible for our strategies to reach a new investor base and open further opportunities for global emerging markets to Australian investors.

“GSFM has a strong distribution track record in Australia. It’s a well-established brand with a high calibre team and as such, it is the right partner for us in Australia. We look forward to working with the GSFM team and the future possibilities of further cooperation in the Australian and New Zealand markets,” he concluded.