The open-ended equity fund, launched by EFGAM’s mutual funds brand New Capital, will typically invest in 35 to 45 UK stocks across all market capitalisations.
The fund is managed by John Leahy, who recently joined EFGAM and its London-based pan-European equity team.
Leahy was previously at Hermes Investment Management where he ran UK smaller company strategies for 14 years, including the Hermes UK Small and Mid Cap Ucits fund.
Active management
Moz Afzal, chief investment officer, EFGAM, said: “We are excited to add the New Capital UK Select Equity fund to our pan-European and global equity offering. John’s calibre and track record combined with our positive outlook on equity opportunities in the UK should serve the needs of investors who are looking for genuine active management.”
Leahy said: “I look forward to putting my proven investment philosophy to work in the new fund. The UK is in a relatively strong position in economic terms, and now is an opportune time for investors to capitalise on the burgeoning enterprises we uncover, as well as the more mature companies we believe still have upside potential.”
EFG AM’s assets under management stood at $12bn (£8.3bn, €11bn) as of the end of December 2015.
