Natixis Global Asset Management has launched a global concentrated equity fund with a focus on long-term value.
The Global Concentrated Equity OEIC, which will be managed by affiliated manager Harris Associates, aims to find underpriced companies with strong fundamentals and shareholder-orientated management teams.
The lead managers of the seven-strong team will be Harris international equities chief investment officer David Herro and US equities chief investment officer Robert Levy.
UK investors will be able to access the fund via platforms including Fidelity FundsNetwork, Ascentric, Novia, Transact, 7IM, and Raymond James with more, such as Cofunds, to come later in the year. It is the fourth product in the firm's UK OEIC range.
Natixis head of UK retail and international products Chris Jackson shared plans for the global concentrated fund with Investment Week in April. He said the firm is committed to developing its UK-domiciled range: "We want to bring the right product from those affiliates at the right pace into the UK marketplace."
He said of the latest launch: "Today’s financial environment gives UK investors great flexibility over their pensions and savings.
"There is an ever increasing focus on the importance of building durable, long–term portfolios which provide investors with the growth and income they need to meet their personal financial outcomes."
Headquartered in Paris and Boston, Natixis launches funds through an international network of affiliate asset managementcompanies.
The firm plans to increase the headcount in its London office by at least 25% this year, with staff numbers to reach 65 or higher by the end of the year.
