Investec Asset Management has launched the GSF Global Franchise fund investing in high quality names which are attractively valued by the market.
The $77m Luxembourg-domiciled fund aims to achieve long-term returns by investing in a concentrated global portfolio of between 20 and 45 companies. Businesses targeted will be chosen for the quality and value of their franchises and will be attractively valued by the market. The fund will be managed by Sam Houlie, head of Investec Asset Management's equities team in South Africa, and Mark Wynne-Jones who will act as deputy portfolio manager. They will be backed by an investment team of ten. The managers argue that relatively few companies can consistently and reliably compound sha...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
