German specialist fund management company DJE, is to further expand into the UK. The company, headed...
German specialist fund management company DJE, is to further expand into the UK. The company, headed by Jens Ehrhardt, a 6.3bn (£4.33) independent asset manager from Germany, will register its funds in the UK.
The group specialises in German and European small- and mid-caps stocks but runs a range of open-ended vehicles including bond funds.
The funds to be registered in the UK include UBAM German equity, DJE Absolute, DJE Alpha Global, DJE Global Bond, DJE Gold and Resources, DJE Dividend and Substance, and DJE Real Estate.
The Absolute fund, which currently invests 50% of its portfolio in Germany, has the scope to invest in fixed-interest securities, convertible and warrant bonds, whose warrants are denominated in securities.
The Gold and Resources fund invests in companies that have their main business activities in the field of winning, processing and marketing gold. In addition, this fund may also invest in stocks of companies working in the field of other primary resources such as water, metals, oil, natural gas and cereals.
Currently, the vehicle has 23% of its portfolio exposed to Canada and a further 21% in South Africa.
All the funds use the derivative powers allowed under Ucits III in Germany and the managers use the added flexibility to have heavy cash weightings when they see the need.
The company is also in the process of seeking mandates to run on behalf of other groups, targeting institutional investors. Preliminary talks have been held with Global Asset Management and Fidelity, which DJE said have been positive.
Ehrhardt classifies his style as absolute return, free from benchmark constraints, with stockpicking that chooses firms with low valuations, good growth rates and a low risk.
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