New Products
Ascentric Adds Global Emerging Markets Boutique To Platform

Ascentric, the independent wrap provider, has added the portfolio of Somerset Capital Management to its platform, reports the Financial Times.
Somerset is a $600 million global emerging market equity boutique aiming to expand in the UK wealth management and IFA market, according to the report.
"The launch of Somerset Capital Management on Ascentric has been driven by advisor demand for access to their funds. Their availability very much reinforces our open architecture approach and reflects the desire of our users to have access to the widest possible fund range," said Ascentric's sales and marketing director Richard Goodall.
Somerset Capital’s fund range includes an equity income fund focusing on emerging markets, which has a 1 per cent annual management fee and no initial charge or performance fee, the publication reports.