The £36.7m fund’s name has been changed with immediate effect, but the underlying investment strategy will remain the same.
Since the fund’s launch in 2005, it has been managed by Charles Glasse (pictured) and Chris Garsten. According to FE, it has outperformed the IA Europe excluding UK benchmark with returns of 57.1% and 110.9% versus 48.8% and 83.8%, over a three- and five-year period, respectively.
The fund’s largest country holdings are in Sweden (14.8%), France (12.8%) and Germany (11.8%). In terms of sectors, the largest weighting is industrials (21.6%), followed by consumer staples (16.9%), materials (13.0%), and healthcare (12.7%).
Charles Scott Plummer, head of funds at Waverton, said: “Our European equity strategies are uniquely positioned to exploit this European shareholder revolution to the benefit of our investors.”
Glasse, lead manager of the fund, added: “This change of name has no bearing on the way we manage the fund which has been consistent since launch.
“We are high-conviction stock pickers and aim to identify companies that are focused on shareholder wealth creation. We believe that this story has a lot further to go as we are seeing a definite shift in Continental European companies aligning their interests with their shareholders.”
