Independent wrap Ascentric has announced the launch of Somerset Capital Management on the platform.

The $600m Global Emerging Market Equity boutique offers 3 core strategies - Large Cap, Small Cap and Dividend Growth - and has established a significant foothold in the UK adviser and wealth management marketplace, since its launch in 2007. The firm, structured as a partnership to bind in talent for the long term, manages 40-stock, bottom up portfolios for a growing list of clients.

Oliver Crawley, Head of European Marketing, says “Our emphasis on transparency and producing a good value proposition has been well received in the UK market. The Somerset Capital team have a history of innovation with Emerging Markets, having been the first to launch a Global EM Equity Income Fund (yielding c4.2%). The Fund has a 1% AMC, with no initial charge or performance fee, which we believe represents exceptional value. We are really looking forward to building our relationship with Ascentric.”