One of Aubrey Capital Management’s emerging markets fund - Aubrey Global Emerging Markets Opportunities Fund (GEM) - is now registered for sale in Germany.

Retail and institutional investors will soon be able to access the fund via a local platform.

The GEM fund, managed by one of the Edinburgh-based asset manager’s founding partners Andrew Dalrymple and investment managers John Ewart and Rob Brewis, targets investment returns through long term capital appreciation by investing in emerging market companies that benefit from the wealth progression of their consumers.

It focuses on companies with a return on equity, earnings per share and cash return on assets greater than 15 percent, and buying stocks on a price to earnings ratio below 1x.

Aubrey registered the funds in Germany to provide for clients who wish to use local fund platforms.

Mr Dalrymple said: “Of course, the registration of our Global Emerging Markets Fund happens now in a very volatile time due to the war in Ukraine, legacy of Covid-19 , high level of uncertainty in the global economic outlook, just to name a few.

“However, we are convinced that our fund offers a great option as the agility of a smaller team and strict adherence to investing in companies delivering very strong growth through internal cashflow are our competitive strengths.”

Sharon Bentley-Hamlyn, co-founder of Aubrey Capital Management and lead manager of the firm’s European Conviction Fund, recently gave her take on the issues facing the region and the market more generally.