Schroders has opened its Schroder Emerging Markets Value fund to UK investors by adding an onshore vehicle.

The strategy was first launched in September 2020 as part of the asset manager's SISF range.

Schroders said it has opened the fund to UK investors following demands for exposure to the “long-term growth potential” of emerging markets.

The fund, which has an unconstrained, bottom-up stock picking approach, currently invests in 41 holdings across 10 sectors in 17 countries, including China, Mexico, Nigeria.

Vera German, fund manager of the Schroder Emerging Market Fund, said: “Over the past 20 years, value investing has proven itself to be an extremely strong returning style in emerging markets. Following demand from our UK-based clients to access this strategy, we are delighted to be announcing the launch of an onshore vehicle, which will provide UK investors with an opportunity to access a highly successful platform.

“What really differentiates our strategy from most other investors approaching emerging markets is that, whereas most of our peers are top-down macro driven, trying to get the country macro right and then doing the stock picking in those countries, we are bottom-up investors going first to where value has been identified and building our portfolios one stock at a time.”

The strategy aims to deliver the best risk adjusted returns against its MSCI Emerging Markets benchmark.

Since launch, the strategy has delivered a 16.7% per annum relative return against this benchmark, while absolute returns have compounded at 18.2% annualised.

Investment manager Schroders began the search for a new CEO in April, following news that current CEO Peter Harrison will be retiring after a decade on the board.

The investment manager also has a joint venture Financial Planning arm with Lloyds Bank called Schroders Personal Wealth.

Schroders has £750bn in assets under management, as at 31 December 2023, and 6,400 staff.