Investment management firm Invesco has launched a new fund focused on Latin American equity exclusively for offshore investors as it looks to boost its emerging markets exposure.

The Invesco Latin American Equity Fund will be managed by Dean Newman who has 24 years' of equity investment experience.

The fund will look to achieve long term capital growth through investing in corporate equity in Latin America and is expected to have similar asset allocation to its onshore counterpart, the Invesco Perpetual Latin American Fund, according to a statement by the firm.

The Atlanta, Georgia-based firm states that offshore investors will, through the fund, have access to potential returns from robust economic growth, a considerable domestic market and the natural resource abundance in the region.

“[The fund] has been launched in response to strong demand from offshore investors, particularly in the Middle East, who stated in our recent research that 82 per cent plan to increase their exposure to emerging markets over the next three to five years,” said managing director of the International Development Division and head of Invesco Middle East, Nick Tolchard.

Newman joined the emerging markets team at Invesco in 1993, most recently managing Invesco Perpetual’s Institutional Global Emerging Markets mandates.

Invesco has branches in 20 countries with more than half of its business in the US.