Luxembourg-based investment firm Stanwahr, which runs the Indépendance et Expansion Sicav, has added a European small cap sub-strategy to its fund range, InvestmentEurope has learned.
The Indépendance et Expansion – Europe Small fund was launched on 13 June 2018. It relies on a quality value investment strategy hence invests in European small and mid-sized companies (less than €10bn of market cap) with a low ratio valuation/self-financing.
The fund incorporates environmental, social and governance criteria and seeks to outperform the Stoxx Europe ex UK Small NR over a rolling period of three years.
Moreover, Indépendance et Expansion’s flagship fund France Small (formerly solely known as Indépendance et Expansion), focused on French small and mid-caps, has been reopened to subscriptions early June. The fund, launched in December 1993, had €363.1m of assets under management.
The Indépendance et Expansion Sicav is overseen by Stanwahr’s chief executive officer William Higgons and counts three portfolio managers-analysts including French equity specialist Audrey Bacrot who had rejoined the firm last March from Amiral Gestion.
Stanwahr is owned by French research and investment company Evalfi.