Man GLG has launched the Man GLG Pan-European Equity Growth fund on 6 December 2016.
The long-only fund is benchmark agnostic relies on a all-cap European approach investing in a fundamentally selected and concentrated portfolio of stocks that demonstrate sustainable growth over the long term.
Rory Powe is the lead portfolio manager of the fund, supported by Virginia Nordback, analyst and deputy portfolio manager, and Ivan Rachev, analyst.
The team has identified two types of companies that meet the fund’s stock picking requirements : established leaders and emerging winners.
“Established Leaders are formidable market leaders in their industry, with clear roadmaps for earnings and free cashflow, and a 3-5 year expansion path. The strategy seeks a potential annualised return of at least 10% from these names, delivered via capital growth and cash returns.
“At any time 50-100% of the portfolio will typically be invested in this category,” the firm said.
Man GLG considers emerging winners as high growth names in the vanguard of a new or existing market which already demonstrate clear competitive advantages.
“The Strategy seeks a potential annualised return of at least 15% from these names, driven by the denominator of the P/E ratio rather than through multiple expansion. A maximum of 33% of the portfolio will typically be in this category,” the company added.
The Man GLG Pan-European Equity Growth fund has share classes in euros, sterling, CHF, NOK and SEK.