BNP Paribas Asset Management has launched a Japan fund that will invest in mid cap growth stocks, which will be managed by Sparx Asset Management.
The Parvest Japan Mid Cap mainly comprises of equities and related securities issued by companies with medium-sized stock with market capitalisations of between Y100bn and Y600bn. The portfolio will be relative concentrated comprising of between 50 to 70 stocks considered undervalued given their earnings prospects. It will be benchmarked to the Russell Nomura Mid Cap. The fund is Luxembourg domiciled and will be available in the UK, Switzerland, Spain, Austria, Lebanon and Germany. This is the third Parvest Japan fund. The other two products are a Japan fund and a small cap. According to t...
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