The new Developing Markets Focus Fund is unconstrained by any benchmark.
Blackfriars chief executive Tom Waring said the fund reflects a demand from clients, who want more opportunities in both emerging and frontier markets.
Tony Hann is tasked with managing the new fund, and will work alongside co-manager Anastasia Levashova.
Hann said: “Our long term experience in investing in emerging and frontier markets means we are well placed to offer a concentrated developing markets portfolio of between 30 and 40 stocks.
“As a stock picker and firm believer in active management, I welcome the industry shake-up that ETFs have brought about.
“This fund is our answer to the question of how best to invest in developing markets.”
The fund, which is a concentrated portfolio of high conviction stocks, uses the same bottom-up analysis as BNY Mellon Compass GEM and Eastern Europe Diversified fund.
The minimum initial investment in the A share class is £5,000, €8,000, or $10,000.
There is a reduced fee founder share class available for investors who would like to help launch the offering, which they may continue to use provided they maintain the minimum balance invested in the fund above this limit.
There is no performance fee, but the annual management fee for the A classes is 0.95%.
Blackfriars has specialised in investing in global emerging markets since 1998.
