PSigma backs US large caps with fund launch

The PSigma American Growth fund, run on behalf of the firm by Centre Asset Management’s James Abate, will seek to exploit what it sees as a turning point in the US, by offering investors exposure to US large cap growth stocks. PSigma believes the US economic situation is now perfect for such stocks, with some companies within the S&P 500 now trading at a discount to small cap stocks, and Abate said the era of mid and small cap outperformance was now exhausted. “The valuation premium on large cap growth stocks that existed in the late 90s is gone, the growth rate of current economic ex...