As revealed last month, first is a Q3 launch of a focused high-conviction Global Concentrated fund to be managed by Chicago-based Harris Associates.
A forth sub-fund for its OEIC umbrella, which was introduced last year, the new vehicle will closely resemble Harris’ Global Concentrated strategy in the US which invests in less than 20 stocks.
The fund will be headed up by Robert Levy and David Herro who seek companies with a market cap greater than $5bn and trade at significant discounts to what they say as their true intrinsic value.
As per end of March, the US strategy had just 16 holdings, including a significant weighting to financials such as Credit Suisse Group, Wells Fargo and JPMorgan Chase.
The new fund, which will launch in Q3, will sit alongside H20 MultiReturns, Loomis Sayles Strategic Income and Loomis Sayles US Equity Leaders in Natixis Global Asset Management’s UK OEIC.
The firm also has two further funds in the pipeline for the UK retail market, including a volatility-managed multi-asset vehicle, to be managed by another of its affiliates Seeyond.
The second is an enhanced global equity income fund which will slice of some of its capital appreciation to add to its income element.
“The UK retail market is fundamentally important to us, and it is where we want to launch innovative funds rather than ‘me-too’ funds,” said Natixis head on international product Chris Jackson.
Is a 20 stock portfolio genuine innovation, or is it a too narrow range for the global equity fund? Let us know your thoughts.
