iM Global Partner launches global equity fund with Scharf

Same approach as Global Opportunity fund

iM Global Partner has launched a concentrated global equity fund with Partner Scharf investments.

The iMGP Global Concentrated Equity fund is value-focused fund adopting a fundamental, bottom-up approach and consists of a portfolio of around 30 stocks. It is managed by partner firm Scharf Investments, of which iM Global Partner owns a 40% stake. The strategy was first launched in the US in 2014 as the Scharf Global Opportunity Fund (WRLDX). It currently sits in the top 10% of the 40-act Global Large Stock Value sector. WRLDX returned -11.1% over one year and 9.6% over three years, placing it in the third and first quartile rank, respectively, of the Morningstar Global Value TME NR...