Run by Eduardo Tomacelli, head of equities at Newscape Capital Group, the asset allocation at launch will likely be: 50%-90% large and mid-cap emerging growth, 10%-25% small cap, 5%-30% trading around core or crystallising deep value positions, and cash – plus options – of up to 50%.
That said, target asset allocation will be closely monitored and driven by valuation and economic outlook, with a focus on mitigating losses in times of market stress.
The Luxembourg-domiciled asset manager said VAM Americas All Cap will seed the fund with capital from existing investors coming across to the new fund.
It will hold 30-60 positions at any one time, with single stocks taking 1-6% of NAV at point of purchase.
Sector concentration will be up to 30% and the fund will be available in dollar, sterling and euro.
VAM now offers 15 Ucits IV regulated funds across all asset classes.
Consistent with its range, the VAM product offers daily dealing, liquidity and transparency with no exit or redemption fees. It will be available on the usual life company platforms.
