Union Investment launches European equity fund
German asset manager Union Investment has announced the launch of den UniInstitutional European Equities Concentrated fund, a mutual fund aimed at institutional investors.
The fund aims to maintain a concentrated portfolio of 40 to 60 holdings, stocks will be selected independently from its benchmark, the MSCI Europe, including holdings in small and mid-cap companies in Eastern Europe.
“Key for us is that each individual title has a significant potential to beat the benchmark. We combine traditional analysis of fundamentals with insights from behavioural finance” says portfolio manager Christopher Schneider.