Boutique asset manager Brown Advisory has today announced the launch of its Global Value Select UCITS fund, available for investors in the UK, Europe, the Middle East and APAC.
The new portfolio will be led by former Schroders veteran Nick Kirrage and associate portfolio manager Michael Heap, with the support of two dedicated analysts.
Kirrage and Heap will focus on investment opportunities where market psychology is driving companies to trade below intrinsic value, through deep fundamental analysis and bottom-up research.
See also: Brown Advisory hires Kirrage to manage new value strategies
Kirrage said: “Dislocations in global markets mean there are many companies trading below their intrinsic value, which is why we believe the opportunity set for value investors today is so compelling.
“The timing – starting afresh today to bring a modern, data-led, true-to-label value investing approach to the market – could not be better.”
Charlie Van Straubenzee, global head of institutional business development at Brown Advisory, said: “This launch reflects what we are hearing consistently from our clients – a desire for a modern, disciplined approach to value investing that can uncover opportunities across global markets while staying true to long-term fundamentals.”
This follows the launch of Kirrage’s first wave of funds at Brown Advisory at the end of February for US investors: The Brown Advisory Global Value Select and Brown Advisory International Value Select funds.
These have accumulated more than $60m in assets since launch, according to the firm.
