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.
See also: Lombard Odier opens DataEdge strategy to external investors
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.”
