Neptune Investment Management has confirmed the launch of four new funds, two focusing on Russia and frontier emerging markets and two income-focused vehicles.

The Russian Special Situations Fund, managed by William Rice, is benchmarked against the MSCI Russia 10-40 index. The fund, which aims to beat its benchmark by concentrating on Russian mid- and large-cap stocks, sits alongside Neptune’s existing Russia and Greater Russia Fund.

The Neptune Frontier Emerging Markets Fund has been designed to offer investors access to emerging markets at the early stages of growth and will predominantly invest in frontier market securities which derive a significant proportion of their income or economic activity from frontier markets. It is managed by Ewan Thompson, investment director and head of emerging markets at Neptune.

The last of the four new funds are the Global Income and Monthly Income funds, which are managed by George Boyd-Bowman and Robin Geffen (Neptune’s founder) respectively.

The Global Income Fund aims to generate a rising income, as well as the potential for capital growth. This vehicle adds to Neptune’s established income funds focusing on specific regions such as Europe and the US.

The Monthly Income Fund’s objective is to produce a combination of monthly income, along with the potential for capital growth, through investment predominantly in UK equities, but it will also have some overseas exposure.

In other recent product launches at the firm, last month Neptune introduced a European long/short sector fund, designed to complement the firm's global long/short sector fund.