Matthew Linsey, Kamil Dimmich & Robert Holmes

Pacific Asset Management has launched its Pacific North of South EM Equity Income Opportunities Fund, a high yielding concentrated portfolio.

The fund will be managed by Matthew Linsey, managing partner at North of South Capital for nearly 18 years, Kamil Dimmich, partner at North of South Capital for over 13 years, and Robert Holmes , partner at North of South Capital for over five years.

Mr Linsey and Mr Dimmich also manage the US$1 billion Pacific North of South EM All Cap Equity Strategy.

With this new fund, the team are targeting businesses in countries with low volatility currencies. The fund managers will look to capture a high yield from a relatively concentrated portfolio of companies selected for their sustainable dividend characteristics and ability to grow at least in line with inflation. This same investment process will be leveraged within the new fund.

Matthew Lamb, chief executive at Pacific Asset Management, said: “We have already seen significant interest from a number of cornerstone investors, which underlines the desire for attractive income and inflation protection through high-quality dividend paying firms across the emerging market spectrum.”

Mr Linsey added: “Unlike many emerging market income funds, which are often entirely Asia-driven and benchmark orientated, we will invest in the best names in low cost of capital countries across the emerging market universe while offering a very attractive yield.

“Moreover, we see this in the context of real returns, and we believe this fund could be a truly attractive inflation hedge.”