Paris-based asset manager Oudart Gestion, the French investment subsidiary of Swiss financial group EFG International, has merged its Asian equity fund Oudart Asie into its diversified strategy Oudart Investissement last September, the firm has announced.
The Oudart Investissement fund is managed by Oudart’s chief executive officer Jacqueline Eli-Namer. As a consequence of the absorption of the manager’s Asian equity vehicle, the fund has cut a number of Asian positions in order to reduce its exposure to Asian equities at 10% of the fund’s net assets (€10.13m of AuM as of 30 September 2017).
Exposures to India (2.39% as of end September 2017) and Japan (7.16% as at end September 2017) have been kept as well as positions in companies such as Toyota, Fanuc and Samsung.
Launched in August 2005, the Oudart Investissement fund seeks to outperform the MSCI World $ Reinvested Dividends in Euro by investing in stocks and fixed income securities.