Charlemagne Capital, the emerging markets group, has launched the Magna Emerging Markets Dividend Fund.The fund aims to invest in emerging market stocks with a sustainable high dividend yield plus strong earnings growth. The lead portfolio advisers see significant opportunities across all the regions, sectors and markets and will employ Charlemagne Capital’s research driven, bottom up stock selection investment process. The portfolio will focus on around 30 to 40 holdings with the underlying assets expected to be listed across a range of stock markets, including London, AIM and local emerging markets with a projected annual dividend yield of six per cent.