DNCA Investments has launched its first onshore OEIC with the DNCA European Select Equity Fund.
DNCA Investments, an affiliate of Natixis Global Asset Management, says the fund will invest a minimum of 80 per cent of assets in European (excluding UK) equities and employs 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. Both based in Paris, lead manager Isaac Chebar (pictured), and co-manager Don Fitzgerald have combined investment experience of more than 40 years.
Chebar and Fitzgerald will employ a valuation investment approach, which they have been using since 2007, using comprehensive stock picking processes to find companies undervalued by wider markets that have sustainable profitability and growth profiles.
Chebar says: “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, says: “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.”
