JO Hambro Capital Management (JOHCM) is offering investors two European funds benchmarked against th...
JO Hambro Capital Management (JOHCM) is offering investors two European funds benchmarked against the FTSE Eurotop 300 Index.
The JOHCM European Select Values Fund run by Willem Vinke has a value bias, focusing on undervalued companies with high return on capital employed. He is looking to build up a potfolio of some 35-45 mid cap stocks.
Rod Marsden is manager of the other launch, the The JOHCM European Fund. This has a growth bias and Marsden is looking to build up a portfolio of 50-70 stocks with a blue and mid cap bias but with exposure to a spread of small caps.
The existing offshore fund Marsden runs, Continental European, has now been renamed the Continentla Fund.
The two new funds are Dublin domiciled Ucits available in both institutional and retail income shares and will be denominated in both sterling and euros.
The minimum investment for both funds is £1,000 for retail investors or 125,000 euro for institutional investors. The initial charge on each is up to 5% while the annual management fee is 1.25%.
Each of the two portfolios carries a 15% fee of all outperformance in excess of the benchmark plus 1%. This is paid even if the returns are negative. There is a high watermark in place
For further information go to www.johcm.co.uk
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