French boutique unveils Greek multi-asset fund

Paris-based investment firm Stratège Finance has launched the Eolos fund, a European multi-asset strategy focusing on Greek securities, on 7 August 2017, InvestmentEurope has learned.

The Eolos fund seeks to outperform its composite benchmark – 45% FTSE Large Cap Index + 45% Bloomberg/EFFAS Bond Indices Greece Governemental 1-3 year TR + 10% EONIA Total Return Index – over a rolling period of five years.

The France-domiciled fund managed by Guillaume Michelet will carry a significant bias towards Greek securities. Hence the Eolos fund could invest between 10% to 65% of its net assets in European listed equities. Exposure to Greek stocks could go up 50% of the portfolio.

That to European bonds – either issued by corporates, governments or public institutions – will be comprised between 10 to 65% with Greek bonds’ share accounting for a maximum of 45% of the portfolio. Up 45% of the fund’s net assets can be allocated to high yield securities while investments in external funds cannot exceed 10%.

Greek government bonds have been issued for the first time since 2014, on 24 July 2017 with a €3bn new 5-year Greek bond issuance.

According to fund literature, the allocation to sectors and market caps within the portfolio will depend of investment opportunities.

As per the geographical allocation, the fund can be invested at a maximum of 95% in Greek equities and/or Greek bonds.

Established in 1996, Stratège Finance runs four strategies. It also provides mandate management and brokerage services.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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