The New Capital Swiss Select Equity Fund is an open-ended vehicle which will invest in 35 to 40 stocks across all market capitalisations, with no benchmark constraints.
Beck, who joined the company from Zuercher Kantonalbank where he was head of Swiss equities, will combine his expertise in bottom-up stock selection with EFGAM’s top-down sector analysis to build the product’s portfolio.
Unique investment opportunities
EFGAM said it “strongly believes in the opportunities presented by the Swiss market”, explaining that its “stable platform and international exposure will allow for continued unique investment opportunities”.
See below for a comparison of the Swiss Exchange’s SMI index, which comprises the 50 largest and most liquid stocks in the Swiss equity market, with the FTSE 250 over the past five years.
Patrick Zbinden, chief executive of EFG Asset Management Switzerland said: “We are very pleased to have an experienced portfolio manager of Urs [Beck’s] calibre and proven track record join the New Capital family of funds.
“The development of Swiss equities as one of our core competencies further underlines our commitment to investment management in Switzerland.”
Meanwhile Beck added: “Launching a focused Swiss equity fund for the New Capital fund family is an excellent opportunity for me to leverage my expertise so as to benefit EFG’s clients and professional investors seeking investment opportunities in Switzerland.”
The New Capital Swiss Select Equity Fund is the eighth sub-fund in EFGAM’s New Capital mutual fund range – the New Capital UCITS Fund – and joins the New Capital Dynamic European Equity Fund as part of the New Capital portfolio of European funds.
