After it established a future leaders panel gathering industry and academy experts in January, Swiss group EFG Asset Management has launched the New Capital US Future Leaders fund.
Invested in 30 companies within the US mid-cap universe, it aims to capture growth of emerging companies that are benefiting from the economic transformation brought about by disruptive business models in the US.
The fund’s stock-picking will focus on visionary management, earnings momentum and strong balance sheets. Technology, healthcare, financials and consumer discretionary remain among favoured sectors. The fund, whose benchmark is the Russell Mid-Cap Growth Index, is managed by EFGAM’s US growth equity team based in Portland, Oregon (senior portfolio managers Joel Rubenstein, Tim Butler and Mike Clulow, and research analyst Chelsea Wiater).
Moz Afzal, chief investment officer, EFGAM, said: “Since we formed the panel in January, the members’ expertise has informed our investment research process and enhanced our ability to identify the key qualities behind visionary leaders and management teams. This we believe is a truly unique initiative as the panel’s input is directly linked to our investment process. The US Future Leaders Fund is the first of other regionally focused funds we expect to launch in the coming months.”
Michael Clulow, senior portfolio manager, New Capital US Future Leaders fund, EFGAM, added: “There is no doubt we are in the middle of the fourth Industrial Revolution. The pace at which companies form and grow to become leaders in their field is astonishing, and in no small part due to the leadership driving them. The opportunities to find tomorrow’s leaders today is exciting, and one which we are excited to have put into practice with the launch of this fund.”
As of April 2018, EFGAM managed around $20bn (€17.3bn) in assets.