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Somerset Capital Management launches on Ascentric

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Independent wrap Ascentric has added Somerset Capital Management to its platform.

The USD600m global emerging market equity boutique, which was launched in 2007, offers three core strategies: large cap, small cap and dividend growth.

The firm, structured as a partnership, manages 40-stock, bottom up portfolios for a growing list of clients.

Oliver Crawley, head of European marketing at Somerset Capital, says: “Our emphasis on transparency and producing a good value proposition has been well received in the UK market. The Somerset Capital team have a history of innovation with emerging markets, having been the first to launch a global EM equity income fund (yielding c4.2 per cent). The fund has a one per cent AMC, with no initial charge or performance fee, which we believe represents exceptional value. We are really looking forward to building our relationship with Ascentric.”

Richard Goodall, sales and marketing director at Ascentric, adds: “The launch of Somerset Capital Management on Ascentric has been driven by adviser demand for access to their funds. Their availability very much reinforces our open architecture approach and reflects the desire of our users to have access to the widest possible fund range.”

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