The emphasis will be on end-market exposure rather than the country of domicile, and those companies that are able to take advantage of the growth of consumer income, spending and consumption will be favoured.
The fund is managed by Lewis Kaufman, a managing director within the firm’s equity team. He said he will look to limit vulnerability at both the stock and currency level, by investing in financially-sound, free cash flow generative companies in countries with favourable balance of payment dynamics.
The fund was launched as a US mutual fund in December 2009 and it has around $725m under management.
Its launch as an Ireland-domiciled Ucits vehicle comes as the firm continues its expansion into international markets. It launched its first four Ucits funds in 2012.
The range includes the income builder and global opportunities funds, which have global mandates, a global equity ex. US fund and a global equity income fund.
Last month the firm opened a London office as part of its push into the UK market. Chris Elsmark and Karim Elfar were hired to lead the operation.
