Standard Life Investments, the UK-based fund management division of Standard Life, has launched its Global Emerging Markets Equity Fund aimed at investors seeking to diversify their portfolios.

Managed by Alistair Way and measured against the IMA global emerging markets sector, the fund will consist of between 60 and 100 stocks with stock, sector, country and tracking error limits.

“Over recent years emerging market equities have gained in stature globally and are now considered to be mainstream investments,” Jacqueline Lowe, head of UK wholesale, said in a statement.

The fund will achieve its objective primarily by investing in equities and equity-related securities of emerging markets-domiciled corporations or companies whose majority revenues and profits are derived from Asian, Eastern European, Middle Eastern, African or Latin American operations.

Last month, the firm bolstered its global fixed income offering with the addition of Mark Kedar and Felix Freund as credit investment directors.