Man GLG launches pan-European equity Ucits fund

Added 11th January 2017

Discretionary fund manager Man GLG, part of investment management giant Man Group, has launched a pan-European Ucits fund for investors across Europe which will offer exposure to the region’s strongest companies.

Man GLG launches pan-European equity Ucits fund

The Dublin-domiciled Man GLG Pan-European Equity Growth fund will be run by Rory Powe, who also manages the GLG Continental Europe Fund, assisted by analyst and deputy portfolio manager Virginia Nordback and analyst Ivan Rachev.

Powe uses a bottom-up stock picking process which aims to build a concentrated long-only portfolio of the most attractive companies in Europe.

The fund will have an all-cap strategy and will typically hold between 30-40 stocks selected from an initial universe of 3,000 names. These will be divided into two types of company, defined as either ‘established leaders’ or ‘emerging winners’.

Powe looks for companies that have a high or rising market share, sustainable competitive advantages, repeatable revenues and pricing power. Revenue expansion over a three-to-five year period irrespective of the macro environment is another criteria, along with strong margins, financial strength and attractive valuations.

Powe joined GLG in 2014 from Powe Capital Management which he founded in 2001 and which was subsequently wound up.

Teun Johnston, chief executive of Man GLG, said: “Rory’s long and successful career investing in European companies has enabled him to hone a strategy that is both high conviction and focused on investing in Europe’s strongest companies."

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

About Author

Richard Hubbard

Group Editor

Richard Hubbard is the group editor at Last Word. He is responsible for the editorial content of International Adviser, Portfolio Adviser, Expert Investor and Fund Selector Asia. Richard previously worked for Thomson Reuters and has covered the financial services industry and investment themes from its offices in London, Singapore, Hong Kong and New York. Richard started his career at the Australian Financial Review in Sydney.

Features

ANALYSIS: All stars aligned for European equities

ANALYSIS: All stars aligned for European equities...Lock icon

The fact that the Euro Stoxx 50 index recorded its largest one-day gain since July 2012 on Monday suggests the importance for investors of Emmanuel Macron’s victory in the first round of the French presidential...

Analysis

Profiles

Directories

Canada Life International Limited
Canada Life International...

Canada Life International Canada Life House,...

Tweets

Events

IA International Portfolio Bond & Financial Planning Forum 2017
IA Best Practice Adviser Awards UK 2017
IA Best Practice Adviser Awards UK 2017

Wednesday 3 May
The Waldorf Hilton, London

IA Product & Service Awards 2017
IA Product & Service Awards 2017

Wednesday 3 May
The Waldorf Hilton, London 

IA International Investment Forum Johannesburg 2017
IA International Investment Forum Johannesburg 2017

Tuesday 16 May
The Hyatt Regency, Johannesburg

Sponsored Content

Investment Strategy

OTHER STORIES FROM LAST WORD...