Fiera Capital rolls out $6.1bn US Smid Cap Growth strategy in Europe

Due to strong demand for US equities

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Fiera Capital has rolled out its US Smid Cap Growth strategy to investors in Europe.

The firm said the decision to launch the fund under a Ucits umbrella were in response to strong demand for US equities.

The strategy, run by lead portfolio manager Sunil Reddy, aims to deliver significant capital appreciation across multiple market cycles.

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The portfolio typically holds 60 to 90 names, consisting of companies between $150m and $10bn market cap.

Reddy said: “Almost a third of the companies on the index don’t have any earnings so a passive approach just doesn’t work when it comes to the small and mid-cap market.”

“The market tends to underestimate the longer-term opportunity posed by small to mid-size companies,” he added.

“US small and mid-caps represent an excellent opportunity for investors seeking exposure to dynamic US companies beyond the highly-subscribed and analysed large-cap market.”