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SocGen Luxembourg UCTIS III fund launch

Posted: 08 September 2008

Société Générale is launching two new funds in its SGAM UCTIS III fund range, both domiciled in Luxembourg.

The SGAM Global Frontiers fund and SGAM Global Emerging Markets Infrastructure fund will be run out of the UK with a Luxembourg domicile. They are being aimed primarily at continental European investors..

The Global Frontiers vehicle will be run by head of Global Emerging Markets, Phil Langham, who also manages the existing SGAM Global Emerging Markets product. The fund will invest primarily in companies which make the majority of their revenue from emerging markets. A bottom-up stock selection will drive the portfolio, with top-down macro themes being taken into consideration.

Adam Newman, who assists Langhan on the Global Emerging Markets fund, will manage the infrastructure product. Newman will take a bottom-up approach across approximately 25 to 40 stocks. The portfolio will be divided among seven regions; China, India, Latin America, Eastern Europe, the Gulf Cooperation Council, Africa and the rest of Asia, while there will be a thematic split between airports, water, roads, lower income housing, ports, railways and power generation.

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