A $56.2-billion-AUM (as of June 30) asset manager's team is rolling out a new EM mutual fund, with two share classes.
| Robert Joseph "Bob" Duwa|
William Blair Investment Management LLC
Head of North America Distribution
On July 28, Todd McClone
, a partner at William Blair Investment Management LLC
] (WBIM), and Bob Duwa
, head of North American distribution, unveiled
the launch of the William Blair Emerging Markets ex China Growth Fund
. The fund's inception date was July 29, and it now has $18 million in AUM.
The new fund's class I shares come with an expense ratio of 99 basis points (including a 45-bps fee waiver promised through April 30, 2024), while the fund's R6 shares come with an expense ratio of 94 bps (including a 39-bps fee waiver promised through April 30, 2024). The fund is a series of the William Blair Funds
McClone and two of his fellow WBIM partners, Casey Preyss
and Vivan Lin Thurston
, PM the new fund. WBIM is the fund's investment advisor, and William Blair & Company (WBC) serves as the fund's distributor and principal underwriter.
Duwa puts the launch in the context of William Blair's "long and distinguished history of investing in high-quality emerging markets growth equities." McClone highlights William Blair's focus on "in-depth, bottom-up research" on emerging market equities.
"This new fund offers investors an opportunity to leverage that expertise while fine-tuning their allocation decisions between China and the rest of emerging markets," Duwa states.
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