The fund is being run by co-portfolio managers Samuel Lieber and Bryan Keane, head of the consumer products research team.
The new fund “will seek to capitalize on the opportunities of growing consumer markets and broadening demand for a wide range of consumer products throughout the world,” Keane said. “We are particularly mindful of the fast developing middle class and its evolving consumer orientation in the emerging market countries, ranging from Brazil to China and India to Indonesia. We will particularly look for opportunities in innovative products and services creating new and better lifestyles for consumers everywhere.”