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OppenheimerFunds to Launch EM Fund
The Oppenheimer Emerging Markets Innovators Fund (EMIAX) will be available to retirement plans at the end of June.
Reported by PLANADVISER staff
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.