PenderFund Capital Management has announced the addition of an emerging markets impact fund to its offering.

The Pender Emerging Markets Impact Fund will invest in companies with operations in emerging market countries with business models that possess positive and sustainable earnings growth potential. The firm says the fund will be strongly aligned and partially invested in impact-type holdings that address ESG issues. It will be managed by Patricia Perez-Coutts, Aman Budhwar and Phil Stafford.

“We are excited to be able to bring the Pender Emerging Markets Impact Fund to clients,” says Felix Narhi, Pender’s CIO. “These emerging markets are less efficient than more established markets which makes the potential opportunity set particularly appealing. In addition, it is a good time to be diversifying into emerging markets, given today’s unusually attractive valuations relative to most developed markets. We are also enthusiastic about the Fund’s emphasis on impact investing as it pertains to environmental and social issues, which we believe is especially relevant in emerging markets.”