IFA demand brings Somerset Capital to Ascentric

Ascentric today announced the launch of Global Emerging Market Equity boutique Somerset Capital Management on its platform.

The firm, whcih currently manages 40-stock bottom up portfolios, offers three strategies to clients - large cap, small cap and dividend growth. 

"Our emphasis on transparency and producing a good value proposition has been well received in the UK market," says Somerset head of European marketing Oliver Crawley.

"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%).

"The Fund has a 1% 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."

Ascentric sales and marketing director Richard Goodall (pictured), says: "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."