French boutique DNCA Investments, affiliate of Natixis, pursues its conquest of the UK market with the launch of its first onshore open-ended investment company (OEIC) with the DNCA European Select Equity Fund.
The launch of the OEIC seeks to demonstrate DNCA’s long-term commitment to the UK market.
The fund will invest at least 80% of assets in European (excluding UK) equities and applies a value investment approach, seeking stocks that are undervalued yet demonstrate sustainable profitability and growth.
The DNCA European Select Equity Fund will be run by two portfolio managers based in Paris, lead manager Isaac Chebar (pictured) and co-manager Don Fitzgerald.
The pair will employ a valuation investment approach, that has been using since 2007, in similar funds such as the DNCA Invest Value Europe.
Chebar, lead portfolio manager, DNCA Investments, commented: “European equity markets continue to look relatively cheap, and many European stocks, including small and mid-caps, are trading at a significant discount to their US peers.
“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.”
Darren Pilbeam, head of UK Retail at Natixis Global Asset Management, said: “DNCA has experienced phenomenal success in recent years across a number of European markets. 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.”
Natixis Global Asset Management has added this core value fund to its OEIC fund range.
As of 31 December 2016, DNCA’s assets under management stood at €19.8bn.