Peregrine Wealth Group marks its 21st anniversary in Guernsey with the launch of their eighth fund – the Peregrine Emerging Market Equity Fund.
The fund is domiciled in Guernsey, like the firm’s other investment vehicles.
Hennie Esterhuizen, Managing Director at Peregrine Wealth, said: "It is a great accomplishment for the team to launch our eighth fund from Guernsey, especially in a year which marks 21 years’ operating in the Bailiwick."
The fund is targeting, but not limiting itself to, equity opportunities in developing countries (who are typically pursuing industrialisation and manufacturing) aiming to become less reliant on primary economic sectors like agriculture and commodities.
The new fund has already seen assets of £55m invested in the first three weeks bringing the total assets under management in Peregrine Wealth Group funds to a record £1.45b.
Mr Esterhuizen continued: "Emerging markets are an important part of a diverse and successful global portfolio. Now is the time for investors to re-evaluate their portfolio split."
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