Paris-based boutique Actis Asset Management has soft-launched a French-domiciled global equity fund TrendSelection International on 30 November 2016, InvestmentEurope can reveal.
The fund, targeting both retail and institutional clients, aims to outperform its benchmark 100% MSCI World NR EUR by investing in global equity markets.
It will be exposed from 60% to 130% to global equity markets, primarily these of developed markets.
The management team of TrendSelection International looks at a universe of over 2,500 companies that includes the 1,600 stocks of the MSCI World index, emerging markets stocks with caps exceeding €5bn (up to 10% of the fund) and small caps listed on developed markets with valuation below €150m (up to 20% of the fund).
According to fund literature, Actis AM applies a double quantitative and qualitative filter to its stock selection resulting in a portfolio of less than 100 stocks.
On the qualitative side, the management team looks at the growth potential and positioning of companies, sustainable competitive edges, innovative potential, prospects and marketing strategies.
As for the liquidity of the fund, some 90% of the positions can be sold in three working days.
David Letellier, deputy CEO and head of Asset Management at Actis AM, will work with fund managers Alexandre Ferci and Christophe Gautier on TrendSelection International.
Launched in December 2006, Actis AM currently manages over €600m of assets through funds and mandates for retail and institutional clients.