Emerging Sovereign Group is preparing to launch a new
long-biased emerging markets equity fund, ESG Domestic
Opportunity Fund, by April. It will be the $1.4 billion
firm's sixth strategy.
The fund will invest in the markets of BRIC (Brazil, Russia,
India and China) and EMEA (Europe, Middle East and Africa)
countries. The firm plans to invest in the stocks of such
diverse companies as casinos, real estate firms, restaurants,
retailers and wind component businesses, according to a
February investor presentation.
The firm has provided potential investors with a theoretical
track record for the new fund based on trades executed in its
core strategies and adjusted for the new fund's planned