DNCA launches first UK offering with European equity fund

Managed by Chebar and Fitzgerald

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 val...