Cheeseman adds Nevsky Global Emerging Markets fund

F&C's Multi-Manager team have added the Nevsky Global Emerging Markets Fund to their Lifestyle Growth portfolio and both the Multi-Manager Growth and Balanced fund of fund products.

Dean Cheeseman, Head of Retail Multi Management at F&C, and the Fund of Funds team at F&C - fund managers Paul Carne and Oliver Sonnbichler - believe that Nevsky is one of the most experienced and highly resourced teams operating a global emerging markets fund who have established an enviable long-term track record in delivering consistent risk adjusted returns.

Cheeseman commented "We added the fund to Lifestyle Growth to complement our existing position in Aberdeen Emerging Markets. Given that the neutral asset allocation to global emerging markets is 10%, we feel that holding two complementary funds to obtain this exposure helps offer greater diversification".

In terms of Multi-Manager Growth and Multi-Manager Balanced, Cheeseman believes the inclusion of this fund provides specialist exposure to increasingly important investment markets, increasing diversification and affording access to rapidly expanding world economies.

He concluded "We believe that the medium-term outlook for emerging markets is positive and their economic performance is crucial to any sustainable recovery in Western economies".