Paris-based investment firm Lazard Frères Gestion has soft-launched the Objectif Patrimoine Actions Sicav on 19 January 2017, InvestmentEurope has learned.
The fund invests at least 90% of its net assets in equities including 75% in stocks of firms based in the European Union, mostly large and mid-cap companies, that show the best economic performance for more than five years according to Lazard Frères Gestion.
It seeks to outperform the Eurostoxx with net dividends reinvested over a five-year period.
The Sicav can be invested up to 10% in other equity funds and various market instruments.
Lazard Frères Gestion managed €16.7bn of assets as of end-March 2016.