NewSmith launches Ucits long / short fund
Specialist asset management firm NewSmith has launched the NewSmith European Fund, a Ucits long / short equity fund for UK and European investors.
The fund’s investment strategy focuses on large cap European stocks, it will be domiciled in Dublin and have daily dealing in four share classes, Euro, USD, GBP and Yen. The fund will be managed by Jean Maigrot, European Equity Investment leader at NewSmith.
Maigrot comments: “Many European stocks are trading at a wide discount to US equities. At the same time we are concerned about the outlook for European economic growth, so we see opportunities in long and short positions.”