Standard Life Investments has unveiled the Global Emerging Markets Unconstrained SICAV fund, targeting investors seeking exposure to emerging markets without the constraints of a benchmark.

The portfolio will aim to hold between 30 and 50 stocks, focusing exposure to maximise alpha opportunities in both emerging and frontier markets, the firm said in a statement.

"Our 'Focus on Change' philosophy is extremely conducive to emerging market investing, as both businesses and the markets they operate in are constantly evolving," said Ross Teverson, manager of the new fund. "It is a differentiated approach that often takes us to under-researched stocks and helps us identify emerging industry leaders of the future."

In related news, this week the firm also launched its Emerging Market Debt OEIC fund to capitalise on the trend of investors looking beyond developed markets. Benchmarked against the JP Morgan EMBI Global Diversified Index, the fund will invest primarily in US dollar-denominated emerging market debt.

Standard Life Investments is the UK-based fund management division of Standard Life.