French asset manager DNCA Investments, part of Natixis Global Asset Management, has rolled out its first fund for the UK market.
The vehicle, named DNCA European Select Equity fund, will invest at least 80% of assets in European equities excluding UK. It will target stocks that are undervalued but have sustainable profitability profiles.
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The fund will be managed by lead manager Isaac Chebar and co-manager Don Fitzgerald. The duo will be based in Paris.
“As uncertain times in Europe continue, staying focused on finding attractively valued companies can create plenty of investment opportunities, which is exactly what the new European Select Equity Fund has been created to do,” Chebar noted.
Natixis Global Asset Management head of UK retail Darren Pilbeam added: “As UK-based investors increasingly seek high-conviction, European equity strategies, we are confident that DNCA will also see strong demand for this fund in the UK.”
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