The asset management company plans to increase its AuM from $2bn to $5bn over the next 5 years and has begun to market its products and build relationships in America to bring in new, long term clients.
Nadia Manzoor, head of business development and general counsel at the company, which invests in European stocks, said US investors interest in Europe has increased greatly over the past year.
“Previously, and somewhat surprisingly, one of the biggest difficulties was convincing US investors that Europe is a stable region in which to invest. However, in the advent of QE, with things stabilising in Greece, the weaker Euro and the boost from the oil price – confidence is finally starting to increase.”
“Many US investors are beginning to look to reallocate their assets out of US equities, which appear to be reaching their peak. They are looking where to go next, and Europe provides an exciting opportunity for them.”
Manzoor said the company will also travel to further regions around the UK to further drive its newest, and smallest, UK fund.
S.W. Mitchell currently runs four Dublin-domiciled UCITS funds; the SWMC European Fund, the SWMC Small Cap European Fund, the SWMC Emerging European Fund, and the SWMC UK Fund.
Positive on Europe
Launched in November 2011, the SWMC European Fund is run by the company’s founder Stewart Mitchell.
It contains AuM of $87.9m and has a retail management fee of 1.5% with a minimum retail subscription of £10,000.
