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Redwood Announces Launch of Emerging Markets Dividend Income Fund

First Canadian fund to target dividends in emerging markets

TORONTO, ONTARIO–(Marketwire – Nov. 10, 2010) – Redwood Asset Management, a Toronto-based asset manager that distributes actively managed, performance-oriented funds to Canadians, is pleased to announce the launch of the Redwood Emerging Markets Dividend Income Fund, Canada’s first equity income fund focused on the emerging markets.

“The two most prominent themes in the investment world at the moment are the growth in the emerging markets and client need for income as they approach retirement,” said Peter Shippen, President of Redwood. “This new fund addresses both of these key themes, in an actively and expertly managed fund.

Redwood has partnered with Somerset Capital Management LLP to provide advisory services to the fund. A specialist in emerging market investing with offices in London and Singapore, Somerset are pioneers in emerging markets dividend investing.

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