EFG AM launches UK fund for European investors

EFG AM launches UK fund for European investors

EFG Asset Management has launched New Capital UK Select Equity fund to boost its European-targeted product range.

New Capital, through which the fund was launched, is the mutual funds brand of EFG Asset Management (EFGAM).

The fund is an open-ended equity fund that will typically invest in 35 to 45 UK stocks across all market capitalisations and is open to European investors.

The fund is managed by John Leahy, who will use a bottom-up stock selection through fundamental analysis to run a high quality, high-conviction portfolio.

The fund is benchmark aware but delivers a high active share, while risk management at the stock, sector and portfolio level is a core part of the process, the company said.

Prior to joining EFG AM, Leahy was at Hermes Investment Management where he ran UK smaller company strategies for 14 years, including the Hermes UK Small and Mid Cap Ucits fund.

Moz Afzal, CIO, EFG Asset Management: “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.”