The £361m (€460m) fund, launched in May 2005, invests in a concentrated portfolio of companies based in Europe but not the UK. It sits alongside the rest of Argonaut’s European fund range that includes Pan European alpha, Europe ex UK and Pan European income strategies.
The European Alpha Fund invests in companies across Europe ex UK so is not limited to the European Monetary Union universe. Norris runs the fund with an unconstrained mandate so this universe expands his stock selection to include markets such as Switzerland and Norway where, along with Germany, he has his highest weightings.
The UK-domiciled fund had previously been a sterling-only unit class so adding the euro class makes it more accessible to a wider audience but now available for us to sell in Europe.
The fund is registered for sale in Austria and Germany and registration is currently being sought in France, Italy (institutional), Spain and Switzerland.
