Natixis Global Asset Management affiliate DNCA Investments has launched its first onshore OEIC, the DNCA European Select Equity fund.
The fund will invest in a minimum of 80% European ex-UK equities, employing a value approach which looks for companies that have been undervalued but display sustainable profitability and growth.
It will be managed by Paris-based Isaac Chebar, lead portfolio manager at DNCA, and portfolio manager Don Fitzgerald.
Chebar commented: "European equity markets continue to look relatively cheap, and many European stocks, including small and mid caps, are trading at a significant discount to their US peers.
"As uncertain times in Europe continue, staying focused on finding attractively valued companies can create plenty of investment opportunities, which is exactly what the new European Select Equity fund has been created to do."
DNCA Investments became an affiliate of Natixis in June 2015, when the French asset manager acquired 71% of the company.
With 105 staff in offices in Paris, Milan and Luxembourg, DNCA Investments' AUM currently stands at €19.8bn (as at 31 December 2016). The group has expertise in European and international equities (long-only and absolute return), diversified fund management, convertible bonds and eurozone bonds.
Darren Pilbeam, head of UK retail at Natixis Global Asset Management, said: "DNCA has experienced phenomenal success in recent years across a number of European markets.
"As UK-based investors increasingly seek high-conviction, European equity strategies, we are confident that DNCA will also see strong demand for this fund in the UK."
Naxtixs' UK OEIC range currently consists of the Loomis Sayles Strategic Income, Loomis Sayles US Equity Leaders, H2O MultiReturns, Harris Global Concentrated Equity, Seeyond Factor Plus UK Equity and Seeyond Factor Plus Europe ex UK funds.
Unclear on job moves
Reforms not enough
McGhee joins from banking trade body
Our video series continues
In June 2016, immediately before the Brexit referendum, a curious thing happened.