Toscafund, a London-headquartered specialist asset manager, has launched the Tosca Market Thinking Fund, which the company describes as “an innovative, unconstrained global equity fund” developed by Mark Tinker, CIO Toscafund Hong Kong.
Structured as a combination of a global factor fund (40%) and a global thematic fund (60%), rather than the traditional country and sector approach, the strategy removes stock specific risk by utilising large and liquid ETFs to create a conviction based portfolio, according to Toscafund.
The portfolio includes the five main investment style factors: size, value, quality, momentum and volatility, with the thematic side of the portfolio constructed of 12 themes including longer-term thematic trends such as robotics & automation and clean energy, as well as shorter duration trends like traditional energy. Whilst the five factor styles do not change, the portfolio will rotate the themes it invests in.
The fund, which also exists in a UCITS structure, is available to professional investors directly and via several platforms and without a performance fee.
