OppenheimerFunds to Launch EM Fund

The Oppenheimer Emerging Markets Innovators Fund (EMIAX) will be available to retirement plans at the end of June.

EMIAX will invest in small- and mid-cap companies in the emerging markets with disruptive products, brands, business models or other strategic differentiators. OppenheimerFunds says the country- and sector-agnostic fund seeks opportunities across the structural growth themes: financial inclusion; logistics, distribution, e-commerce and modern retail; private education and health care services; and Internet media and content.

Justin Leverenz, portfolio manager of the $41.3 billion Oppenheimer Developing Markets Fund, co-manages the fund with Heidi Heikenfeld.

Retirement plans are turning more to emerging markets (EM) to diversify holdings.

More about the OppenheimerFunds emerging markets franchise is here.