An emerging markets fund launched for Canadian pensions

Article content

TORONTO — Bridgehouse Asset Managers and Ninety One Ltd. said they are launching an emerging market equity fund targeting Canadian pension funds as global investment opportunities continue to mature.

The fund, managed by Bridgehouse and led by investment manager Ninety One’s North American arm, was launched with $350 million in seed money from an undisclosed Canadian company pension plan.

Article content

Katherine Tweedie, head of the North American institutional client group at Ninety One, says the fund gives pension funds access to a part of the global economy they may not have the power to go it alone.

He says there are plenty of equity investment opportunities in this fund, including large international companies that are sometimes overlooked because their headquarters are in places like Mexico or Brazil.

Tweedie says that in general, there is also significant climate-related investment to come as emerging markets are where the biggest growth in greenhouse gas emissions is taking place and there is a lack of funding to reduce them.

Ninety One, founded in South Africa, notes that emerging markets generate 58 percent of global GDP but represent just nine percent of equity shares.

Share this article on your social network