Argonaut launches sterling-hedged share class for European equity fund
Argonaut Capital has launched a sterling-hedged share class for its FP Argonaut European Alpha Fund, managing £395m (€492.5m).
“UK investors often have strong views on the euro. Fears of a Brexit have recently triggered significant weakness in sterling, which may reverse post-referendum in the event of a pro-EU result,” said Barry Norris (pictured), Argonaut founder and manager of the FP Argonaut European Alpha Fund.
“Therefore the time is right to offer a hedged share class option for Alpha unitholders wishing to protect themselves against future euro weakness.”
The FP Argonaut European Alpha Fund relies on Argonaut’s ‘earnings surprise’ investment philosophy.
Argonaut has £1.4bn (€1.75bn) in assets under management.