Neuberger Berman Floats EM Equity Trust

U.S. asset management firm Neuberger Berman has rolled out an emerging markets equity trust.

U.S. asset management firm Neuberger Berman has rolled out an emerging markets (EM) equity trust, Financial Standard reports. The new trust targets Australian institutional investors and has secured key investments from Intrust Super and Energy Super.

The Australia-based unit trust opens with approximately $100 million in funds under management. It includes $35 million from Intrust Super and tracks the MSCI Emerging Markets Index. It will be managed by a team led by Conrad Daldanha, adds Supper Review.

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