Natixis launches US Leaders fund with backing from Aberdeen

Natixis Global Asset Management (NGAM) has launched its second onshore fund, the Loomis Sayles US Leaders fund, with seed money from Aberdeen Asset Management.

The fund, managed by Aziz Hamzaogullari, was launched on 4 April, with Aberdeen contributing around $5m (£3.25m) as seed money through the Aberdeen Multi-Manager Constellation portfolio, and the same amount coming from Natixis.

The new offering is a high conviction US equity fund with a low turnover and a concentrated portfolio of around 30-35 stocks.

It invests primarily in large-cap US growth stocks which the team thinks are trading at a significant discount to intrinsic value. The investment process is organised around quality, growth and valuation.

Ed Farrington, managing director, global key accounts at NGAM, said: “Investors are looking for less volatility and a consistent, stable approach to investing.

“High conviction equity products are an interesting way forward and we plan to bring similar products to the UK market in the future, both with a US and a global focus.”

The US Leaders fund is the second offering NGAM has brought to the UK market after the Loomis Sayles Strategic Income fund, unveiled through its subsidiary at the start of the year.

The new Loomis fund is available in sterling, sterling hedged, euro and euro hedged share classes within the recently created NGAM OEIC umbrella.

 

This article was first published on Investment Week

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